#FII2017

Media Hub


23
Oct
2017

SAUDI ARABIA’S CROWN PRINCE TO OPEN LANDMARK INVESTMENT CONFERENCE IN RIYADH

His Royal Highness Prince Mohammad bin Salman will address over 2,500 delegates at Saudi Arabia’s inaugural Future Investment Initiative

The first day will see internationally-renowned business leaders debate how societies and businesses can navigate the challenges of the future

Riyadh, 23 October 2017: The Future Investment Initiative (FII), hosted by the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia in Riyadh, will be opened tomorrow by His Royal Highness Prince Mohammad bin Salman Al-Saud, Crown Prince, Deputy Prime Minister, Chairman of the Council of Economic and Development Affairs and Chairman of PIF. Addressing over 2,500 delegates and leading business figures from more than 60 countries, His Royal Highness will invite attendees to debate the opportunities and challenges that will shape the world economy and investment environment over the coming decades.

The first day of the conference will begin with CNBC’s Andrew Ross Sorkin leading a panel of financial experts in debating the new social, economic and intellectual frameworks needed to drive progress. In particular, the session will discuss the emerging trends which will likely have the greatest impact, and how public and private sector leaders can use these to succeed. Those speaking on the panel are:

  • H.E. Yasir O. Al-Rumayyan, Managing Director, PIF
  • Victor Chu, Chairman & CEO, First Eastern Investment Group
  • Larry Fink, Chairman and CEO, BlackRock
  • Christine Lagarde, Managing Director, International Monetary Fund
  • David McCormick, Co-CEO, Bridgewater Associates
  • Amin Nasser, President and CEO, Saudi Aramco

Another key session will examine breakthroughs in artificial intelligence, robotics, virtual reality, big data, social media, medical science, and smart infrastructure are now converging to reinvent cities for the twenty-first century. Moderated by Maria Bartiromo, Global Markets Editor for Fox Business, high-profile participants will include Masayoshi Son, Chairman & CEO of Softbank Group.

An expo featuring the future Giga-projects will take place during the event, which are a key element of Saudi Arabia’s Vision 2030 economic program. The expo will offer delegates a glimpse of the future and unique experiences, utilizing cutting edge technology.

The first day will conclude with energy executives congregating at the Summit on Energy for a Sustainable Planet to discuss which technologies and innovations will shape the sector over the next ten years. Taking place in the context of volatile oil prices and significant advances in energy and environmental technologies, the Summit will also examine the challenges of diversification through investment in renewable resources. Among those speaking at the Summit are:

  • H.E. Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources
  • Rachel Kyte, CEO, Special Representative of the UN Secretary-General, Sustainable Energy for All
  • John Rice, Vice Chairman, General Electric

Other sessions will explore topics such as the Future of the Information Economy, Leadership and Partnership for the Age of Uncertainty and What Policies Can Drive Growth.

The daily plenary sessions, created in collaboration with the event’s official Knowledge Partners – BCG, EY, McKinsey and Oliver Wyman – will seek to stimulate expert-led debate on how societies and businesses can achieve sustainable, long-term financial returns while having a positive and lasting impact. 

Pedro Oliveira, Oliver Wyman’s Managing Partner in the MEA region, said “We see FII as a unique opportunity for the global community to bring together, in Saudi Arabia, aspirational thinking around the future of the world economy with the realities of investment. We are delighted to be partners to the Public Investment Fund in driving that thinking around Financial Services, Healthcare & Life Sciences as well as Urban Planning & Infrastructure – all areas where we see profound changes ahead and which are central to the evolution of the Kingdom and the broader world economy.”

Powered by PIF, the FII will take place from 24th to 26th October 2017, in Riyadh. The invitation-only event is being organized in the context of Saudi Arabia’s Vision 2030, a blueprint that is already charting the path for the Kingdom to harness its strategic location and strong investment capabilities.