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.


FaceOf: Fahad bin Sulaiman Altekhaifi, president of the General Authority for Statistics 

Updated 22 August 2018
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FaceOf: Fahad bin Sulaiman Altekhaifi, president of the General Authority for Statistics 

Fahad bin Sulaiman Altekhaifi has been the president of the General Authority for Statistics (GASTAT) since his appointment to the post in May 2016.

On Monday GASTAT announced this year’s Hajj statistics, revealing detailed information on the number of pilgrims (which amounted to 2,371,675) performing Hajj this year, their genders, nationalities and whether they arrived through air, land or seaports.

The president conveyed his gratitude to all government and security entities that helped the authority to collect data, and praised the 450 GASTAT researchers who worked to compile the information and deliver it to the public.

He said that the collected data would help facilitate better experiences and easier pilgrimages for future programs, and better services for pilgrims — from social to health, and transportation to security and food.

Altekhaifi received his bachelor’s degree in mathematics from King Saud University in 1992, a master’s degree in statistics from Colorado State University in 1996, and his applied statistics and research methodology Ph.D. from the University of Northern Colorado in 2001.

He worked as a manager of a financial program at the Institute of Public Administration in Riyadh from 1993 to 2005. For two years after that, he was a project director at the EIS department in Zuhair Fayez Partnership Consultants.

In 2007, Altekhaifi was appointed a manager of the research department at the Capital Market Authority, before becoming assistant deputy minister for development in November 2011. 

In June 2015, he was the director general of the Central Department of Statistics and Information. He served as the acting president of GASTAT in February 2016, before being appointed president on May 2016.