US EditionFII: 7 Key Facts About Saudi Arabia’s ‘Davos in the Desert’ Economic Forum
Saudi Arabia’s Future Investment Initiative attracted over 9,000 delegates to discuss digital assets, sustainability, and infrastructure amid rising foreign investment of $31.7 billion last year.
- Saudi Arabia is hosting the ninth Future Investment Initiative in Riyadh, where David Burt, Jeremy Allaire and Merit Janow co-chaired high-level panels at the government-led forum.
- Faced with weaker oil receipts, Saudi Arabia's Khalid Al-Falih urged scaling back government and Public Investment Fund spending to encourage private sector investment, saying `It's time for us to maybe scale back on this government or PIF spend`.
- David Burt, Premier and Minister of Finance of Bermuda, co-chaired the Crypto Conclave with Jeremy Allaire and Merit Janow, examining stablecoins, CBDCs and Bermuda's Digital Asset Business Act 2018.
- Yasir Al-Rumayyan, Governor of the Public Investment Fund, said foreign investment rose last year and declared `we have taken Saudi Arabia to the world, and now the world is coming to Saudi Arabia`.
- Later this week, David Burt will turn to sustainability and co-chair a blue-economy session, and FII9 has drawn more than 9,000 delegates from 90 countries.
14 Articles
14 Articles
Saudi says efforts to draw foreign investors paying off
With oil prices below the levels Saudi Arabia forecast when launching its economic transformation almost a decade ago, the kingdom has become a net importer of capital — still building foreign assets but borrowing more to fund domestic projects. This has made Saudi Arabia’s annual investment confab a venue to both deploy cash globally and lure investors to the country, and officials at FII are touting that the latter effort is bearing fruit. Pub…
KSA hosts business elite with eyes on gigaprojects, AI
Saudi Arabia on Tuesday kicked off a major investment conference featuring heads of state and the global business elite, as it seeks support for its sprawling "gigaprojects" and sky-high AI ambitions. The Future Investment Initiative (FII), dubbed "Davos in the desert", is once again trying to lure investment dollars to Saudi Arabia as the world's biggest oil exporter attempts to diversify its economy. But questions are swirling over Saudi Arabi…
The ninth edition of the Future Investment Initiative, an important investor forum, opened on Tuesday in Riyadh.
Billions On Line As Saudi Arabia Woos Investors At 'Davos In The Desert'
Saudi Arabia kicked off a major investment conference featuring heads of state and the global business elite on Tuesday as it seeks support for its sprawling "gigaprojects" and sky-high AI ambitions.
FII: 7 key facts about Saudi Arabia’s ‘Davos in the Desert’ economic forum
The ninth edition of the Future Investment Initiative (FII) kicked off in Riyadh, Saudi Arabia, on Tuesday under the theme “The Key to Prosperity”. The event, often called “Davos in the Desert”, has grown into one of the world’s most influential gatherings for leaders, innovators, and investors shaping the global economy.
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