Future Investment Initiative in Riyadh ended with $17.9bn of investments and globally-relevant announcements
Future Investment Initiative
circular economy
Saudi Arabia unveils new initiative to safeguard water security
Ten prominent companies have already pledged their support for Saudi Arabia’s “Voluntary Commitment to Water Sustainability” initiative
Future Investment Initiative
Prominent figures to attend Future Investment Initiative 2023 in Riyadh
The global meet will be held in the Saudi capital Riyadh from October 24 to 26
Air connectivity
Saudi Arabia, Bulgaria sign air transport services pact
The agreement will also help the two sides to establish regulatory frameworks for conducting safe bilateral air transport services in accordance with the Chicago Convention
cost of living
Saudi Arabia capped local gas prices in bid to protect economy, Minister of Finance Mohammed Al-Jadaan says
The decision was taken in anticipation of global economic uncertainty, the minister said
Future Investment Initiative
Six MoUs signed at Future Investment Initiative in Riyadh
The MoUs are in the fields of energy, quality of life, defense industries, transportation, biotechnology and finance
carbon emissions
Saudi PIF sets up regional voluntary carbon market company to support businesses to achieve net zero targets
The new company announcement is expected to facilitate the efforts of the carbon credit auction – billed as the world’s largest-ever – at the 6th edition of the Future Investment Initiative (FII) in Riyadh on Tuesday
FII Institute
Saudi Tourism Development Fund, Future Investment Initiative Institute ink strategic partnership agreement
Under the agreement, both parties will support curation of the upcoming edition of the FII forum in Riyadh, slated for October 25-27
Al Rajhi Capital
Saudi Arabia to launch nearly $400 million hospitality investment fund in ongoing tourism push
The fund is to be utilised for promoting lifestyle hotels and other lifestyle hospitality projects in various tourist destinations within the Kingdom
Dubai FDI
UAE ranks first in Arab world, 19th globally for foreign direct investment attractiveness: report
The report found that FDI outflows totalled $22.5 billion in 2021, a 19 percent jump over 2020
circular carbon economy
Saudi Arabia is putting its ‘money where our mouths are’ on climate funding – minister
Saudi Crown Prince Mohammed bin Salman announced two initiatives that will cost around $10.4bn over the next decade to fund the circular carbon economy and provide clean fuel to help feed 750 million people worldwide
brick and mortar business
How e-commerce penetration has doubled in Saudi Arabia
Consumer nature has shifted dramatically since the onset of Covid-19 that forced adoption of digital purchasing
banking industry
Crypto will not destroy traditional banks, says Saudi Central Bank governor
Traditional banking systems will not face ‘destruction’ by digital currencies, but rather an expansion of centralised systems for regulating the tender will transpire, according to Fahad Al-Mubarak, governor of the Saudi Central Bank
business opportunities in riyadh
Saudi licenses 44 multinationals to move regional HQ to Riyadh
Licenses authorising the move were issued at the fifth edition of the Future Investment Initiative conference on Wednesday to companies from the tech sector, F&B, consulting and construction
climate change
Climate change, small businesses, women and youth top list of investments for humanity
Authentic impact in all these areas requires a long-term strategy, patience and public-private partnerships to drive them, panelists at FII event in Riyadh agreed
climate change
Kuwait’s wealth fund plans to invest in Saudi green initiatives
Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017
carbon emissions
Saudi minister: ‘We’re going to have to deal with carbon for decades’
To meet global carbon reduction pledges, private investment and regulation, like the introduction of carbon pricing, is needed