24 October 2023

DAVOS IN THE DESERT 2023: Davos in the desert: FII summit to begin as policymakers, executives flock to Riyadh

The Future Investment Initiative (FII) hosted by Saudi Arabia will push ahead this week amid the recent violence in Gaza and Israel, bringing together thousands of the world’s top executives and companies in the capital city of Riyadh.
The main areas the conference aims to t
arget include artificial intelligence and robotics, education, healthcare and sustainability. 
  • For the seventh edition of what is also dubbed ‘Davos in the desert’ - after the annual World Economic Forum (WEF) summit in Switzerland - scheduled speakers are IMF Managing Director Kristalina Georgieva, World Bank President Ajay Singh, FIFA chief Gianni Infantino, and Manchester United Chairman Avram Glazer.

The event is an extension of the Kingdom’s plans to diversify its oil-dependent economy by hosting changemakers and discussing partnerships and policy for and in a rapidly evolving landscape. The current edition is themed “The New Compass.”

  • JP Morgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon will be among the high-profile executives in attendance.
  • US Assistant Secretary of the Treasury for Investment Security Paul Rosen and 
  • UK Deputy Prime Minister Oliver Dowden are also scheduled to speak.
  • Former US Secretary of State Mike Pompeo
  • former Treasury Secretary Steve Mnuchin and 
  • former Senior White House Advisor Jared Kushner are slated to attend. 
  • Kushner is currently the founder of Affinity Partners, a private investment firm. Pompeo is a partner at Impact Investments, and Mnuchin is a managing partner at Liberty Strategic Capital.

Read more:

Governor of Saudi Arabia's PIF Yasir Al-Rumayyan, Ray Dalio, Laurence Fink, Dr Thomas Gottstein and David Solomon discussing how to build a more sustainable future. (Twitter)
Governor of Saudi Arabia's PIF Yasir Al-Rumayyan, Ray Dalio, Laurence Fink, Dr Thomas Gottstein and David Solomon discussing how to build a more sustainable future. (Twitter)

Numerous policymakers, CEOs, and heads of multilateral institutions are among those who will attend this year. Over 5,000 attendees are expected, with 500 speakers, according to information furnished by the organizers, discussing various 21st-century developments and concerns. Despite the evolving situation in Gaza and the resulting corporate travel policy and insurance coverage changes internationally, FII CEO Richard Attias said that only 10 to 20 cancellations were recorded. . .

Future Investment Initiative: Saudi Arabia Brings Together the World to  Shape Tomorrow's Economy
Future Investment Initiative 2023: Global summit in Riyadh
Uploaded: Oct 19, 2023
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