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  1. Mubasher News
  2. Future Investment Initiative 8th edition kicks off today in Riyadh

Future Investment Initiative 8th edition kicks off today in Riyadh

GHADA.ISMAIL
Oct 29, 2024
FII8 will feature discussions on how investment can serve as a catalyst for a prosperous and sustainable future

Riyadh – Sharikat Mubasher: Under the Patronage of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud, The Future Investment Initiative 8th Edition (FII8) conference kicked off today, under the theme ‘Infinite Horizons: Investing Today, Shaping Tomorrow,’ and is running until the 31st of October.

FII8 will feature discussions on how investment can serve as a catalyst for a prosperous and sustainable future, pushing the boundaries of what is possible for humanity.

FII8 promises to be a melting pot of innovative ideas, bringing together global leaders, entrepreneurs, political leaders, media, and decision-makers in finance, AI, sustainability, energy, geoeconomics, space, and beyond.

By focusing on the theme of ‘Infinite Horizons,’ this year’s conference will challenge attendees to think beyond conventional limits and explore investment opportunities that can bridge current challenges with future possibilities.

Describing the theme of “Infinite Horizons” as an invitation to imagine new futures, FII CEO Richard Attias said: “The horizon is not an end; it’s an invitation, an invitation to push the boundaries of what we believe is possible and to shape the future that reflects our highest ambitions.”

FII8 will organize a variety of external engagements to be hosted throughout the week of October 27 for FII Institute members, invited delegates, and strategic partners. Discussions at the conference will be data-driven, ensuring that insights are grounded in facts and actionable strategies.

Over the past two years, the institute has hosted 15 international platforms, attracting more than 3,000 speakers, 31,000 delegates, 32 strategic partners, 1,100+ members, and $128 billion worth of investment agreements.

The Future Investment Initiative (FII) Institute is a global non-profit foundation with an investment arm and one agenda: Impact on Humanity.

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Saudi Energy to deliver power infrastructure to Expo 2030 Riyadh site
Riyadh - Sharikat Mubasher: Saudi Energy signed a Power Supply and Implementation Agreement with Expo 2030 Riyadh Company, wholly owned by the Public Investment Fund (PIF), to deliver the power infrastructure required across the Expo 2030 Riyadh site.The agreement was signed by Khalid AlGhamdi, Chief Executive Officer of Saudi Energy, and Talal Al-Marri, Chief Executive Officer of Expo 2030 Riyadh, according to the official statement,The deal aims to establish the electrical infrastructure required to meet the power demands of Expo 2030 Riyadh. This includes the construction of a bulk supply point, three primary substations, and all associated transmission and distribution infrastructure.Leading Saudi companies, including Alfanar, Haif Company, Trading and Development Partnership, and Al-Babtain Power & Telecom Company, will support the execution of these worksAlGhamdi highlighted that the agreement reflects the critical role of Saudi Energy in supporting major national projects by developing a reliable and highly efficient power infrastructure.He emphasized that Saudi Energy will deploy its capabilities and expertise to execute Expo 2030 Riyadh’s electric supply requirements to the highest standards of quality and operational performance, supporting the readiness of this global event and aligning with the Kingdom’s development goals.For his part, Al-Marri said: “The agreement marks another important milestone, reflecting the accelerated progress across the various workstreams underway on site and reinforcing its readiness in line with the established delivery schedule.”He noted that the partnership with leading Saudi national companies reflects confidence in local capabilities and expertise, and their ability to deliver projects of this scale and ambition in line with the highest technical and operational standards. Moreover, the agreement marks a significant step toward securing the critical utility requirements of Expo 2030 Riyadh and enabling the timely development and successful opening of the event. 

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