Future Investment Initiative Foundation and Guggenheim Investments announce partnership

Future Investment Initiative Foundation and Guggenheim Investments announce partnership
The ninth edition of FII will take place in Riyadh from Oct 27-30. FII
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Updated 21 October 2025
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Future Investment Initiative Foundation and Guggenheim Investments announce partnership

Future Investment Initiative Foundation and Guggenheim Investments announce partnership

RIYADH: The Future Investment Initiative Foundation has announced a strategic partnership with Guggenheim Investments, a global asset management and investment advisory firm.

This partnership builds on the firm’s role as Summit Partner for the third Priority Summit in Miami in February, and reflects a deepening collaboration to support the Foundation’s mission of “Impacting Humanity,” according to the Saudi Press Agency.

Richard Attias, chairman of the executive committee and CEO-in-Chief, FII, said: “Partnerships with leading firms like Guggenheim Investments enhance our ability to solve our most critical challenges.

“Their focus on long-term value creation and innovation aligns directly with our mission, and we are delighted to welcome them as a strategic partner as we prepare for the Future Investment Initiative conference.”

Dina DeLorenzo, president of Guggenheim Investments, said: “Our goal is to provide long-term investment strategies that help build lasting value for communities and clients alike. 

“The Future Investment Initiative Foundation’s vision of ‘Impacting Humanity’ reflects our commitment to stewardship and sustainable progress, and we look forward to contributing our perspectives and insights to this important global platform.”

The FII Institute also announced the joining of Mizuho, ​​one of the world's leading financial institutions, as a new strategic partner ahead of the FII9 conference in Riyadh from Oct. 27 to 30.

Mizuho is a global financial institution, with operations extending across 36 countries, and combining banking experience spanning more than 150 years.

Masahiro Kihara, president and CEO of Mizuho Financial Group, said: “Mizuho is proud to sponsor the Future Investment Initiative, one of the world’s most important investment conferences and a key hub for the global conversation on prosperity, bringing together the most prominent institutions, leaders, and leading thinkers from around the world to transform dialogue into concrete action.

“We are here together not just to discuss ideas, but to develop practical strategies that build more inclusive, sustainable, and secure prosperity for all, today and in the future.”


After luxury push, Saudi Arabia targets broader tourist market, minister says

After luxury push, Saudi Arabia targets broader tourist market, minister says
Updated 08 November 2025
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After luxury push, Saudi Arabia targets broader tourist market, minister says

After luxury push, Saudi Arabia targets broader tourist market, minister says
  • Saudi Arabia is looking to encourage people in the region to come to the kingdom, including via a plan to create a Schengen-style visa for Gulf Cooperation Council countries

RIYADH: Saudi Arabia is building up its mid- and upper-mid-range tourism options and plans to increase access to hotel accommodation for religious pilgrimages after years focused on developing expensive luxury resorts, the kingdom’s tourism minister said.
“We started with building luxury destinations for luxury travelers. And we have already started building destinations for the middle class and upper middle class,” Saudi Tourism Minister Ahmed Al-Khateeb told Reuters.
“We will not ignore this segment,” he said on the sidelines of the UN’s yearly tourism conference, being hosted in Riyadh for the first time.
Attracting tourists is a central pillar of Saudi Crown Prince Mohammed bin Salman’s Vision 2030 plan to diversify the kingdom’s economy away from oil and transform society in the once-ultra conservative kingdom.
Under the plan, Saudi Arabia aims to attract 150 million tourists per year by 2030, at least a third of them from abroad.
With flagship Red Sea coast resorts running at around $2,000 per night, few mid-income travelers currently have hotel options.
Khateeb said 10 new resorts due to open in the coming months on the Red Sea’s Shebara Island would offer a “much lower price point” than existing options, without providing figures.
Religious tourism remains at the core of Saudi Arabia’s economic plans.
Khateeb said Saudi Arabia planned to nearly double the number coming to the kingdom for pilgrimage to the holy cities of Makkah and Medina to 30 million by 2030, enabled by tens of thousands of new hotel rooms.
Saudi Arabia is looking to encourage people in the region to come to the kingdom, including via a plan to create a Schengen-style visa for Gulf Cooperation Council countries.
Khateeb said that should become available “in 2026, maximum 2027.”