The 8th edition of the Future Investment Initiative (FII8) conference, held in Riyadh on October 29-31, explored today in a dialogue session on geoeconomics the importance of investing in economies, development projects, and creating supportive legal frameworks to attract international investors and leverage technology for growth and prosperity.
Governor of the Public Investment Fund (PIF), Chairman of Saudi Aramco, and Chairman of the FII Institute Yasir Al-Rumayyan highlighted the fact that Saudi Arabia is one of the world’s fastest-growing economies, and expected to maintain this momentum among G20 nations in the coming years.
He emphasized PIF’s focus on investing in AI, leveraging the Kingdom’s capabilities to establish itself as a global AI hub. He also presented PIF’s investments in the sports sector.
Participants emphasized the significance of the banking sector and of reserve funds, noting the need for advanced technologies and competitive salaries to attract and retain talent. They highlighted th
e role of financial technology in enhancing the profitability and efficiency of businesses, including of banks, in the era of rapid technological advancements.
Source: Saudi Press Agency