More than 100 speakers confirmed for Future Investment Initiative 2018 in Riyadh

Updated 28 September 2018
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More than 100 speakers confirmed for Future Investment Initiative 2018 in Riyadh

  • Speakers will shed light on the most pertinent trends shaping the global investment landscape
  • FII is a global platform focused on identifying future trends and opportunities

JEDDAH: The Saudi Public Investment Fund (PIF) on Thursday announced more than 100 global investors, CEOs and disruptive innovators who will speak at the Future Investment Initiative (FII) 2018, which begins in Riyadh on Oct. 23.

Focusing on three core themes — investing in transformation, technology as opportunity, and advancing human potential  — the three-day event will explore a number of subjects, including how leaders from business and government can develop a collective vision for the future, how venture capital is changing the future of innovation, and how immersive technology is changing the way we live, work and create.

FII is a global platform focused on identifying future trends and opportunities, defining the future of industries and discussing how investment can contribute to overall global prosperity and development. FII speakers will shed light on the most pertinent trends shaping the global investment landscape.

Speakers announced so far include David Bonderman, Chairman and Founding Partner of TPG Capital; Jamie Dimon, CEO of JPMorgan Chase; Larry Fink, Chairman and CEO of BlackRock, Inc.; John M. Flint, Executive Director and Group Chief Executive of HSBC Holdings PLC; Dara Khosrowshahi, CEO of Uber Technologies Inc.; Christine Lagarde, President of the International Monetary Fund; Kai-Fu Lee, Chairman and CEO of Sinovation Ventures; Tong Li, CEO of Bank of China International; Rob Lloyd, CEO of Hyperloop One; Jean Lemierre, Chairman of BNP Paribas; Kanetsugu Mike, President and CEO of MUFG Bank LTD; Zanny Minton-Beddoes, Editor-in-Chief of The Economist; Rajeev Misra, CEO of Softbank Vision Fund, SB Investment Advisers; Steven Mnuchin, United States Secretary of the Treasury; Lubna S. Olayan, CEO and Deputy Chairperson of Olayan Financing Company; General David Petraeus, Chairman of KKR; Jeremy Weir, Executive Chairman and CEO of Trafigura Group Pte Ltd; and Stephen Schwarzman, CEO of Blackstone.

Commenting on the announcement, Jamie Dimon said, “I am looking forward to attending the Future Investment Initiative in Riyadh to discuss innovation in technology and what it means to all of us. Overall, technology is the greatest thing that has ever happened to mankind. Artificial intelligence, big data and machine learning are helping JPMorgan Chase reduce risk and fraud, upgrade service, improve underwriting and enhance marketing across the firm. We know technology has been a great force, and for the benefit of all of us, that force should not be left unleashed.”

“Political, economic and technological changes pose individual challenges for all businesses and governments, but the most intractable problems require a truly global response,” said John M. Flint. “The public and private sectors have no choice but to work together to maximize the benefits of human ingenuity while managing its disruptive impacts. Sharing ideas and sharpening our focus on the problems we have in common are essential steps toward building a sustainable economy for all.”

Rajeev Misra said: “FII is a unique event that brings together visionaries across business, government and technology who are collectively shaping the future of global investment. We share a common ambition to create an ecosystem that harnesses the world’s most transformative technologies, to the benefit of humanity. Through the Vision Fund, we are striving to bring many of these businesses to the Middle East, which we believe will support innovation, job creation and unlock new economic opportunities. We look forward to sharing our insights with the FII community.”
Further updates about the 2018 program, partners and speakers are available at www.futureinvestmentinitiative.com.


Formula E drivers ‘enjoy’ Saudi Arabia’s cultural heritage

Updated 14 December 2018
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Formula E drivers ‘enjoy’ Saudi Arabia’s cultural heritage

  • Formula E drivers explored Saudi Arabia and the local community
  • After visiting the UNESCO World Site of Ad Diriyah which is home to the new race track, drivers also visited Masmak Fort

Formula E drivers explored Saudi Arabia and the local community as the 2018 ‘Saudia’ Ad Diriyah E-Prix festivities took place.

After visiting the UNESCO World Site of Ad Diriyah which is home to the new race track, drivers also visited Masmak Fort, built in 1865.

Oliver Turvey, from the United Kingdom was part of a trio of drivers from team NIO who on Thursday took the opportunity to learn more about the fort’s heritage and history. He also took the time to look ahead to the big race, which makes Formula E’s debut in the Middle East. 

“I am really enjoying being here in a different culture. We want to show that electric cars are fast and strong,” he said. 

Teammate Tom Dilmann was already anticipating Saturday’s action.

“The track looks exciting, I’m really looking forward to it and am very excited for the race. Showing that we can race electric cars in the city, the future is here,” he said.

Jammy Chadwick, also from the UK, will be part of racing history in Saudi Arabia when she joins several other women on the starting grid of a ‘Rookie Test’ to discover new Formula E talent.

“This will be my first proper official test this Sunday, it’s a huge opportunity for me to learn and try the experience. It’s a positive message to have female drivers competing for the first time in Saudi, it sends a clear message of welcoming to everyone,” she said.

It was back to the future for drivers from the Mahindra Racing as they warmed up for the big race of Saturday taking on local competition, in the form of excited school children, at the Doos Karting Track in Riyadh.

They were cheered on by Prince Khalid bin Sultan, President of the Saudi Arabian Motor Federation, who joined the fun.

Jerome d'Ambrosio, Felix Rosenqvist and Nick Heidfeld were put through their paces by children from King Faisal elementary and Trbiyah Namouthajiyah Schools.

Noura AL Shebani, 12, and Fahad Al Shenefi, 8, had the “time of their lives” racing against the Formula E drivers.

“If I had a little bit more time I could have won,” Noura told the race drivers after the race.

Belgian racer Jerome d’Ambrosio said: “We always have a wonderful and fun time karting. It reminds us of when we were young. Karting is almost how all racing drivers start, and we enjoy every opportunity like this one to just have fun.”

Meanwhile, Swedish driver Rosenqvist loved that the go-karts were electric, in keeping with the rather much bigger race about to unfold on Saturday.

He said: “Even at this level you can feel the instant power when coming out of a turn unlike Go Karts with combustion engines. It’s also better because when you can have indoor tracks which are very convenient in Saudi.”