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Saudi Arabia’s FII total deals to hit $125bn after this year’s new contracts

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15 Oct 2021 02:10:47 GMT9
15 Oct 2021 02:10:47 GMT9

Arab News

RIYADH: Saudi Arabia’s Future Investment Initiative forum to be held in Riyadh this month is expected to see more investment deals that will bring total deals made under this initiative to $125 billion since its launch in 2017. 

The initative, known as FII, has teamed up with 16 international companies, including BNY Mellon, HSBC, Reliance Industries, and Softbank Vision Fund, ahead of the global event in Riyadh from October 26 to 28.

The upcoming forum will discuss topics under the theme “Invest in Humanity” including artificial intelligence, robotics, education, healthcare, and sustainability. 

The FII foundation’s chief executive officer Richard Attias said the partners will bring “unique expertise, strategies and thought leadership, crucial to supporting our mission,” according to SPA.

“Our partners are leading companies and organizations from both the public and private sectors and have all expressed their eagerness to join hands with us to address the challenges and to help serve humanity,” he added. 

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