PIF ANNOUNCES THE FUTURE INVESTMENT INITIATIVE 2018

08
May
2018
  • FII 2018 taking place from October 23rd to 25th 2018 in Riyadh, Saudi Arabia
  • Hosted by the Public Investment Fund, the 2018 program will continue to explore the trends, opportunities and challenges shaping the global investment landscape
  • 2018 edition will build on the success of last year’s inaugural event, which brought together over 3,800 participants from more than 90 countries

Riyadh, 8 May 2018: Under the Patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, and the leadership of HRH Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, Deputy Prime Minister, Chairman of the Council of Economic and Development Affairs and Chairman of the Public Investment Fund (PIF), PIF has announced the second Future Investment Initiative (FII), which will take place from October 23rd to 25th in Riyadh, Saudi Arabia.

FII 2018 will bring together renowned visionaries with the power to shape the future of global investment to discuss three broad themes:

  • Investing in Transformation – focusing on how the world’s top investors are creating new cities and transforming economies;
  • Technology as Opportunity – considering how technologies are enabling new economic opportunities through personalisation and industrialisation at scale; and
  • Advancing Human Potential – looking at a world where humans and machines work together to create safer, more productive and happier lives.


FII was launched as a substantial international platform for expert-led debate between investors, innovators and governments as well as economic leaders. The inaugural event in 2017 saw over 3,800 participants from more than 90 countries, join in the discussions and debates to explore future developments in the world economy, including investment trends around areas such as energy, infrastructure, Artificial Intelligence and robotics as well as new growth areas.

The second edition aims to continue building active, global networks of influential actors to further explore the emerging industries that will shape the global economy and investment environment over the coming decades.

H.E. Yasir Al Rumayyan, Managing Director of PIF, commented: “After the success of the inaugural event, we are pleased to announce the 2018 edition of the Future Investment Initiative. The Public Investment Fund is developing into one of the world’s leading and most impactful sovereign wealth funds, and we look forward continuing to build strong strategic partnerships while also showcasing the opportunity for private sector participation as Saudi Arabia’s economy continues to expand and diversify.”

Last year’s FII saw the launch of the Public Investment Fund Program (2018-2020), one of twelve Vision 2030 Vision Realization Programs, which will act as a roadmap to help drive the economic diversification in the Kingdom and transform Saudi Arabia into a global investment powerhouse. In addition, an expo featuring cutting edge technology also showcased Saudi Arabia’s future Giga Projects, a key element of the Kingdom’s Vision 2030 economic program. The expo opened following the launch of NEOM by HRH Prince Mohammad bin Salman Al-Saud, Crown Prince, Deputy Prime Minister, Chairman of the Council of Economic and Development Affairs and of PIF.

Launched to promote global collaboration, FII has already fostered new partnerships that will help transform industries in Saudi Arabia and globally. The 2017 edition saw future initiatives announced with Blackstone, SoftBank, Virgin Galactic, The Spaceship Company and Virgin Orbit.

The Future Investment Initiative is being organized in the context of Saudi Arabia’s Vision 2030, the ambitious blueprint that is already charting the path for the Kingdom to harness its strong investment capabilities and use its unique strategic location to become a global investment hub connecting three continents.

Further updates on the 2018 program, partners and speakers will be announced over the coming months.

ENDS

Website: www.futureinvestmentinitiative.com

Social Media Platforms

Twitter: https://twitter.com/FIIKSA

LinkedIn: https://www.linkedin.com/showcase/18176488

YouTube:https://www.youtube.com/channel/UCXEQ3MCLUTyUv_Hk_XLyC6g

Hashtag: #FII2018

Media Contact: mha@consulum.com

About the Public Investment Fund:

The Public Investment Fund seeks to become one of the largest and most impactful sovereign wealth funds in the world, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia

To achieve this, the Fund is building a world-class, diversified portfolio through investments in attractive, long-term opportunities across sectors and asset classes at both the domestic and international level. Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia, in line with Vision 2030.

In October 2017 at the Future Investment Initiative, the PIF Program (2018-2020) was launched as part of the Kingdom’s Vision 2030 Vision Realization Programs (VRP). The PIF Program is one of twelve VRPs and acts as a roadmap for the next three years to strengthen PIF’s position as the engine behind economic diversification in the Kingdom and role in transforming Saudi Arabia into a global investment powerhouse. The program will see the Fund’s Assets Under Management increase to over $400 billion by 2020 and outlines how PIF aims to complement private sector development in the Kingdom through its new domestic investment pools, split between the Fund’s Saudi Holdings, Saudi Sector Development, Saudi Real Estate & Infrastructure Development, and Saudi Giga-Projects pools.