The Future Investment Initiative (FII) has become a global platform that brings together major corporate representatives, investors, thinkers and economists from all over the world, prominent economist, Fadl Albuainain, told Argaam in an exclusive.
Crown Prince Mohammed bin Salman’s statement about a new major deal that will be unveiled at the conference is very critical, as it will boost the Kingdom’s economic diversification and foreign investments, and will help transfer technology to the state.
“The new deal will make Davos in the Desert one of the most important conferences to embrace mega projects,” Albuainain added.
Meanwhile, the new cities announced a year ago, including Neom and Qiddiya projects, which need huge investments under new partnerships will be backed by the Saudi Public Investment Fund (PIF), he added.
Faisal bin Hammad, another economist at Hail University, said the participation of key figures and investors from different backgrounds in the event’s workshops will enhance its quality.
The participants will explore future opportunities through rediscovering global economic shifts and the role of technology in the planned turnaround.
The workshops organized for various economic sectors will help create new supply and demand opportunities, or might just help with boosting the current levels.
“A change could be introduced to the world’s long-standing economic rules and customs, as the global economy is facing many challenges amid technological development,” bin Hammad added.
FII 2018 has started in Riyadh today, under the patronage of His Highness King Salman bin Abdulaziz and HH Crown Prince Mohammed bin Salman.
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