RIYADH — The 8th annual Future Investment Initiative (FII) officially commenced at the King Abdulaziz International Conference Center, bringing together global leaders, visionary innovators, and influential investors to explore the theme “Infinite Horizons: Investing Today, Shaping Tomorrow.”
Under the leadership of CEO Richard Attias, the FII Institute showcased its commitment to redefining the future of global investment and innovation, facilitating dialogues on critical global issues. Notable attendees included Dr. Mustapha Madbouly, Prime Minister of Egypt, and Shahbaz Sharif, Prime Minister of Pakistan.
In his opening remarks, Richard Attias emphasized that the Future Investment Initiative aims to break traditional boundaries in thinking and expand the possibilities of human achievement.
He noted, “On Day 1, we’ve seen global visionaries lay out powerful ideas and strategies that will shape how we address today’s most pressing challenges and open up new horizons for humanity.”
The opening day featured a plenary session where Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), followed Attias with a call to action for leaders to harness innovative strategies in response to global shifts.
He introduced the 2024 FII PRIORITY Compass, which highlighted urgent priorities such as the cost of living, governance, and healthcare, urging stakeholders to align their strategies with sustainable development goals.
Al-Rumayyan stated, “At this crucial moment, we stand on the edge of infinite horizons. We have the responsibilities and opportunities to shape a future that invests not only in our economies but in humanity itself.”
A distinguished panel on geoeconomics featured leaders from prominent organizations, including BlackRock, Moderna, and Google, discussing the rising influence of the Global South and the need for novel economic systems to support sustainable global progress.
Additionally, a special conversation on energy featured Prince Abdulaziz bin Salman, who emphasized Saudi Arabia’s leading role in energy transition, underscoring sustainable development as vital for achieving net-zero targets globally.
In a panel focused on banking and investment, industry titans analyzed the changing dynamics of financial management, emphasizing adaptability in response to evolving economic conditions and geopolitical factors.
TikTok CEO Shou Chew captivated audiences with insights into the platform's role in community-building and cultural exchange, stating, “TikTok is not just an app for young people; it caters to everyone and emphasizes community, heritage, culture, and arts.”
The launch of the AI Inclusive Initiative marked a significant moment at the event, introducing a global pledge aimed at ensuring inclusive AI deployment in emerging markets. This initiative brings together tech companies, policymakers, and the private sector to support projects in these regions.
A subsequent discussion involving leaders in the AI sector focused on advancements in technology, ethical challenges, and the dual-edged impact of AI on employment.
Elon Musk, participating remotely, shared insights on the need for AI to prioritize humanity's well-being. He emphasized that “xAI seeks the best interests of humanity” and promoted technology that enhances the human experience.
The day concluded with announcements of 12 financial and non-financial initiatives centered around investing in impactful solutions for humanity, highlighting a commitment to fostering positive change and innovation.
As FII8 progresses throughout the week, the Institute will convene deeper discussions on these vital topics, setting the stage for future initiatives and collaborations. — SG
