The Saudi Public Investment Fund is organizing the Future Investment Initiative for 2018 next October

MediaIn / Agencies / Riyadh 8 May 2018

Under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and under the chairmanship of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister, Chairman of the Council of Economic Affairs and Development and Chairman of the Public Investment Fund, General of the Future Investment Initiative for the year 2018, during the period from 23 to 25 October next in Riyadh. The Future Investment Initiative brings together leading figures, entrepreneurs, investors, innovators and others who contribute to shaping the future of global investment in discussions focused on three main areas: Investing in transformation – what mechanisms through which investments contribute to creating cities And technology as a source of opportunity – how can technology be an enabling factor and contribute to new economic opportunities through privatization and mass-scale manufacturing? And human capacity development – how to build a world in which humans and machines work together to make sense N the quality of life and increased safety and productivity and happiness. The Future of Investment initiative was launched as a platform to encourage global communication between investors, innovators and governments as well as economic leaders. Last year, the initiative was a major success with more than 3,800 participants from 90 countries and addressed many topics on the future of the global economy, Investment in the energy and infrastructure sectors as well as artificial intelligence, robots and new developing sectors. This year, the initiative seeks to further explore trends and opportunities that will contribute to sustainable returns and impacts, build a network of key players in the global arena, and highlight emerging sectors that will contribute to shaping the future of the global economy in the coming decades. “Following the success of last year, we are pleased to announce the Investment Future Initiative for 2018 organized by the Public Investment Fund. The Fund is following its path to become one of the most important sovereign wealth funds in the region. And we look forward to continuing to build strong strategic partnerships and to explore opportunities for investment partnerships with the private sector as the Kingdom’s economy continues to grow and develop. ” The Investment Future Initiative last year saw the public investment fund program (2018-2020), one of 12 programs to realize the vision of the Kingdom of Saudi Arabia 2030, as a road map to support Saudi Arabia’s diversification efforts and transform the Kingdom into a global investment engine. The exhibition also included an exhibition in which participants were acquainted with the latest major future projects in the Kingdom, which is a key component of the Economic Vision 2030 program. The exhibition was inaugurated following the announcement of the New City project, launched by His Royal Highness Prince Mohammed Bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Chairman of the Council of Economic Affairs and Development and Chairman of the Board of the Public Investment Fund. The project aims to become the new world center for trade, innovation and knowledge, with its strategic location linking the Middle East, Asia, Europe and North and South America. The Future of Investment initiative was launched in order to enhance international cooperation. New partnerships have been established which will play a major role in bringing about a quantum leap in many sectors locally and globally. The last year of the initiative witnessed the launching of future projects with Blackstone and Soft Group Bank, Virgin Galactic, The Space Ship, and Virgin Orbit. The initiative is in line with the vision of the Kingdom of Saudi Arabia 2030, which is a pioneering vision that has a positive impact on the Kingdom to become a model for success and leadership at all levels, by taking advantage of the huge investment opportunities it possesses and its strategic geographic location. To become a global investment hub linking the three continents. It is expected to announce the details of the Future Investment Initiative program for 2018, and the partners and speakers involved, in the next few months.