Saudi crown prince prepares for Future Investment Initiative

The Future Investment Initiative will be opened tomorrow in Saudi Arabia, Riyadh.

The event will officially be hosted by the Saudi Public Investment Fund, with its chairman, prince Mohammad bin Salman Al-Saud, formally opening the event.

Addressing over 2,500 delegates and leading business figures from more than 60 countries, his royal highness will invite attendees to debate the opportunities and challenges that will shape the world economy and investment environment over the coming decades.

The first day of the conference will begin with CNBC’s Andrew Ross Sorkin leading a panel of financial experts in debating the new social, economic and intellectual frameworks needed to drive progress.

In particular, the session will discuss the emerging trends which will likely have the greatest impact, and how public and private sector leaders can use these to succeed.

Those speaking on the panel are include Amin Nasser, president of Saudi Aramco, Larry Fink, chairman of BlackRock, Yasir Al-Rumayyan, managing director of PIF, and Christine Lagarde, managing director of the International Monetary Fund.

Another key session will examine breakthroughs in artificial intelligence, robotics, virtual reality, big data, social media, medical science, and smart infrastructure are now converging to reinvent cities for the twenty-first century.

Moderated by Maria Bartiromo, global markets editor for Fox Business, high-profile participants will include Masayoshi Son, chairman of Softbank Group.

An expo featuring the future Giga-projects will take place during the event, which are a key element of Saudi Arabia’s Vision 2030 economic program.

The expo will offer delegates a glimpse of the future and unique experiences, utilising cutting edge technology.

The first day will conclude with energy executives congregating at the ‘Summit on Energy for a Sustainable Planet’ to discuss which technologies and innovations will shape the sector over the next ten years.

Taking place in the context of volatile oil prices and significant advances in energy and environmental technologies, the summit will also examine the challenges of diversification through investment in renewable resources.

Other sessions will explore topics such as the ‘Future of the Information Economy’, ‘Leadership and Partnership for the Age of Uncertainty’ and ‘What Policies Can Drive Growth’.

The daily plenary sessions, created in collaboration with the event’s official Knowledge Partners – BCG, EY, McKinsey and Oliver Wyman – will seek to stimulate expert-led debate on how societies and businesses can achieve sustainable, long-term financial returns while having a positive and lasting impact.

Pedro Oliveira, Oliver Wyman managing partner in the MEA region, said: “We see FII as a unique opportunity for the global community to bring together, in Saudi Arabia, aspirational thinking around the future of the world economy with the realities of investment.

“We are delighted to be partners to the Public Investment Fund in driving that thinking around financial services, healthcare, and life sciences as well as urban planning and infrastructure – all areas where we see profound changes ahead and which are central to the evolution of the Kingdom and the broader world economy.”

Powered by PIF, the FII will take place from 24th to 26th October 2017, in Riyadh.

The invitation-only event is being organized in the context of Saudi Arabia’s Vision 2030, a blueprint that is already charting the path for the Kingdom to harness its strategic location and strong investment capabilities.

Find out more on the official website.

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