Saudi Public Investment Fund announces 2nd Future Investment Initiative

The FII 2018 will bring together renowned visionaries with the power to shape the future of global investment under three themes: Investing in transformation, technology as opportunity, and advancing human potential.
Updated 09 May 2018
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Saudi Public Investment Fund announces 2nd Future Investment Initiative

  • The FII 2018 will bring together renowned visionaries with the power to shape the future of global investment
  • The FII was launched as an international platform for debate between investors, innovators, governments and economic leaders

JEDDAH: The Saudi Public Investment Fund (PIF) has announced the second Future Investment Initiative (FII), which will take place on Oct. 23-25 in Riyadh.
The FII 2018 will bring together renowned visionaries with the power to shape the future of global investment under three themes: Investing in transformation, technology as opportunity, and advancing human potential.
The FII was launched as an international platform for debate between investors, innovators, governments and economic leaders. 
The inaugural event in 2017 saw more than 3,800 participants from more than 90 countries discuss topics such as energy, infrastructure, artificial intelligence, robotics and new growth areas.
The second edition aims to continue building active, international networks of influential actors to further explore emerging industries that will shape the global economy and investment environment over the coming decades.
The PIF “is developing into one of the world’s leading and most impactful sovereign wealth funds, and we look forward to 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,” said PIF Managing Director Yasir Al-Rumayyan.
The FII is being organized in the context of the Vision 2030 reform program, which is charting the path for the Kingdom to harness its investment capabilities and strategic location to become a global investment hub.
Further updates on the 2018 program, partners and speakers will be announced over the coming months.


Two Holy Mosques program receives international award

The Two Holy Mosques program has received the Sharjah International Cultural Heritage award for its achievements. (SPA)
Updated 38 min 51 sec ago
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Two Holy Mosques program receives international award

  • The state adopted the program presented by the SCTH four years ago
  • King Salman’s initiative to care for cultural heritage is one of the outputs presented by the SCTH

RIYADH: The Two Holy Mosques program to care for the Kingdom’s cultural heritage has received the Sharjah International Cultural Heritage award for its achievements.
It was described as an unprecedented national program sponsoring projects and efforts related to all aspects of national heritage.
King Salman’s initiative to care for cultural heritage is one of the outputs presented by the SCTH, sponsored and financed by the country, and it is being carried out as part of the important initiatives of Saudi Vision 2030 with more than SR5 billion ($1.3 billion) allocated in the current phase. The initiative includes 10 courses, each under implementation consisting of a number of main projects that amount to more than 330 in total.
The state adopted the program presented by the SCTH four years ago and financed within the National Transformation Program with more than SR4 billion ($1 billion).
The program includes the establishment of 18 museums in the Kingdom, 80 heritage sites and opening them to visitors, the restoration of 18 villages and traditional towns to visitors.