‘Davos in the Desert’ brings 150 global leaders to Riyadh

Updated 22 October 2018
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‘Davos in the Desert’ brings 150 global leaders to Riyadh

  • The Future Investment Initiative (FII) runs from Oct. 23 to 25
  • The three key themes of this year’s event are investing in transformation, technology as an opportunity, and advancing human potential

RIYADH: The Public Investment Fund (PIF) of Saudi Arabia has revealed the program for a high-profile gathering of global leaders, business chiefs and innovators in Riyadh next week.

The Future Investment Initiative (FII) runs from Oct. 23 to 25 with US Treasury Secretary Steve Mnuchin and IMF Managing Director Christine Lagarde among those scheduled to take part.

More than 150 speakers from 140 different organizations have confirmed their attendance for the event which was hosted for the first time a year ago and was quickly dubbed “Davos in the Desert” — a reference to the annual World Economic Forum hosted each year in the Swiss resort.

The three key themes of this year’s event are investing in transformation, technology as an opportunity, and advancing human potential.



“FII is a global platform focused on identifying future economic trends and opportunities, defining the future of industries and discussing how investment can contribute to overall global prosperity and development,” the PIF, Saudi Arabia’s sovereign wealth fund, said on Monday.

“Ten years on from the global financial crisis, the world is undergoing a period of large-scale economic and technological transformation. FII will convene global leaders, investors and innovators to discuss how businesses, governments and global institutions can work together to drive long-term growth and prosperity.”

The next installment of FII will include a panel called “One World” — a look at how leaders from business and government develop a collective vision for the future.

Other sessions cover digital currencies, capital flows, market drivers, immersive technology, sustainability and giga-projects such as NEOM, the vast development announced at last year’s FII.


World Scouting, Saudi Arabian Scout Association discuss global assessment tool

SASA has been helping Hajj pilgrims for 47 years. (SPA)
Updated 13 November 2018
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World Scouting, Saudi Arabian Scout Association discuss global assessment tool

  • The association prepared for the jamboree by setting up a radio station in its headquarters of the association in Riyadh

JEDDAH: World Scouting, represented by the Global Support Assessment Committee (GSAT), held a meeting with the members of the secretariat of the Saudi Arabian Scout Association (SASA) at its headquarters in Riyadh on Sunday.
They discussed the final evaluation stages by using the Global Support Assessment Tool (GSAT) adopted by the World Scouting for the assessment of its member countries.
The meeting also reviewed the criteria for global evaluation and all its procedures to ensure quality.
The Saudi association joined the World Organization of the Scout Movement (WOSM) in 1963 and hosted the Arab Jamboree in Taif in 2000. There are over 50 million Scouts in the world and 28 million of them are Muslim.
SASA has been helping Hajj pilgrims for 47 years, adapting along the way to keep up with changing times and making use of new technologies.
Recently, SASA took part in the World Scout Jamboree Jota 61 on the Air and Joti 22 on the internet. The association prepared for the jamboree by setting up a radio station in its headquarters of the association in Riyadh.