Global leaders converge in Riyadh for investment summit

Top economists to discuss future opportunities for post-oil economies
Global leaders converge in Riyadh for investment summit
Global business leaders, investors and public officials flocked to the Saudi capital on Tuesday for the opening of the Future Investment Initiative (FII) investment conference held by the national Public Investment Fund (PIF).
By Shoshana Kedem
Tue 24 Oct 2017 09:42 AM

Global business leaders, investors and public officials flocked to the Saudi capital on Tuesday for the opening of the Future Investment Initiative (FII) investment conference held by the national Public Investment Fund (PIF).

In recent years, the PIF has led efforts to transform the Saudi economy and diversify its portfolio away from petroleum revenues.

The three-day event will be a platform for identifying new trends, innovations and challenges shaping the world economy and investment environment over the coming decades.

A series of panel discussions with financial experts will explore new opportunities and emerging industries in technology, smart mobility and energy that will drive the future global economy.

The conference will be inaugurated by Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, and attended by more than 2,500 delegates and international business leaders and investors from over 60 countries.

Day one of the conference will host a discussion with some of the world’s leading economists, such as chairman and CEO of Hong Kong-based private equity and venture capital firm First Eastern Investment Group, Victor Chu, chairman and CEO of American global investment management corporation BlackRock, Larry Fink, IMF Managing Director Christine Lagarde, co-CEO of investment management company Bridgewater Associates, David McCormick, and president and CEO of oil giant Saudi Aramco, Amin Nasser.

Top on the agenda at this year’s conference will be sessions on how energy, AI and Big Data are transforming cities in the 21st century.

On the first day, energy executives will also converge at the Summit on Energy for a Sustainable Planet to discuss which technologies and innovations will shape the sector over the next ten years.

Held on the backdrop of dwindling oil prices, the summit aims to highlight emerging industries and investment challenges in energy and renewable technologies.

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