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

Updated 28 September 2018

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.


Saudi Cabinet voices support for the territorial sovereignty of Cyprus

King Salman chairs the Cabinet session on Tuesday. The meeting reviewed the Kingdom’s economic progress. (SPA)
Updated 22 January 2020

Saudi Cabinet voices support for the territorial sovereignty of Cyprus

  • Kingdom calls for security to be maintained in the region

RIYADH: Saudi Arabia has voiced its support for Cyprus’ territorial sovereignty amid growing tensions following the discovery of oil and gas reserves in the eastern Mediterranean.

The Saudi Cabinet, chaired by King Salman, on Tuesday said it was watching developments in the eastern Mediterranean “with great interest,” and called for security and stability to be maintained in the region.
The Cabinet also reviewed the Kingdom’s progress among 190 economies in the World Bank’s Women, Business and the Law 2020 report, which placed it first among GCC countries and second in the Arab world on legislative reforms relating to women.
Saudi Arabia’s Vision 2030 program supports the implementation of reforms that enhance women’s role in economic development, raising the Kingdom’s competitiveness regionally and globally.
Minister of Media Turki bin Abdullah Al-Shabanah said the Cabinet reviewed several reports on developments in regional and international arenas.
The Cabinet reiterated the Kingdom’s assertion during the fourth session of the Arab Parliament in Cairo that its policy is based on the principles of peaceful coexistence and good neighborliness, full respect for the sovereignty and independence of states, noninterference in their internal affairs, and its belief that these principles are capable of resolving all conflicts, foremost the Arab-Israeli conflict.

HIGHLIGHT

The Cabinet reviewed efforts to promote political solutions to crises in Syria, Yemen, Libya and Sudan, calling on all to take action to address destabilizing foreign threats and interventions.

The Cabinet also reviewed efforts to promote political solutions to crises in Syria, Yemen, Libya and Sudan, calling on all to take action to address destabilizing foreign threats and interventions and to “move forward toward the aspirations of security, stability and development of Arab countries and their peoples.”
On regional affairs, the Cabinet condemned an attack on a military site in Niger, the bombing of a security checkpoint and a tax collection center in Somalia, and the terrorist strike by Houthi militia on a mosque in the Marib governorate, which resulted in dozens of deaths and injuries.
The Cabinet session also authorized the minister of foreign affairs or his deputy to sign a draft protocol on establishing diplomatic relations between Saudi Arabia and Zimbabwe.
An agreement on social development between the the Kingdom and Tunisia was also approved along with a memorandum of understanding for scientific and technical cooperation with Spain.
The Cabinet also approved an agreement for scientific and geological cooperation between the Saudi Geological Survey and the Russian State Geological Company.