Riyadh - Sharikat Mubasher: The first day of the FII Priority Europe 2026 summit witnessed the signing of multiple agreements and partnerships between Saudi and international companies across construction technology, carbon removal, and digital infrastructure.
The deals included an agreement between Saudi ConTech and Redcon International to accelerate the adoption of construction technology across Saudi Arabia, creating new pathways for innovation, digital transformation, and future investment, according to an official announcement by the FII Institute.
This collaboration will explore the deployment of emerging construction technologies by establishing a ConTech fund that will strengthen connections between industry leaders and startups and help build a more productive, sustainable, and innovation-driven construction ecosystem.
Red Sea Global (RSG), the developer of the world’s most pioneering regenerative tourism destinations, including The Red Sea and AMAALA, signed a memorandum of understanding (MoU) with Sequest to develop projects to scale carbon removal within Saudi Arabia.
In a LinkedIn post, RSG stated that the MoU supports its commitment to a net conservation gain for people and planet, while advancing the Kingdom's climate ambitions under Saudi Vision 2030 and the Saudi Green Initiative (SGI).
Additionally, ACWA Power signed an agreement with Telecom Italia Sparkle to explore opportunities for cooperation on energy and data transmission infrastructure.
The FII Priority Europe 2026 summit took place in Rome from 17 to 19 June, bringing together global investors, policymakers, and innovators to examine how capital can secure Europe’s long-term competitiveness.
Hosted by the FII Institute under the chairmanship of the Governor of the Public Investment Fund (PIF), Yasir Al-Rumayyan, the summit drew senior participants from across Europe, the Middle East, Africa, Asia, and the Americas to address the continent's most pressing economic, technological, and geopolitical challenges.
Leaders also explored how to finance reindustrialization, resilient supply chains, and workforce transformation in an AI-enabled economy that demands new skills and new social contracts.