Al Rumayyan says deals worth $250B signed at FII since inception

Total value of deals signed at FII since its launch less than a decade ago reached $250 billion, says PIF Governor Yasir Al Rumayyan

The total value of deals signed at the Future Investment Initiative (FII) since its launch less than a decade ago has reached $250 billion, Governor of the Public Investment Fund (PIF) Yasir Al Rumayyan said.

In his speech at the opening of the ninth edition of the FII, he said that since last year’s event, the world has changed and the ambitions of investors and companies have risen in line with the current economic reality and the ongoing technological revolution.

He explained that past models are no longer suitable, as governments cannot correct the course alone, and the private sector cannot advance on its own. Therefore, he emphasized the need for partnership between the two sectors, the creation of a new model, and international cooperation to usher in a new era of global prosperity.

The PIF Governor noted that three out of four people are concerned that artificial intelligence (AI) may widen the educational gap between communities, depending on accessibility.

He stressed that this cannot be allowed, and inequality must be confronted. Inequality is not just an economic gap, but is a failure that restrains humans from achieving their full potential, he emphasized.

Regarding Saudi Arabia, Al Rumayyan said that under the leadership of the Crown Prince, the Kingdom’s economic transformation has set a new global benchmark through Vision 2030, creating a once-in-a-generation opportunity whose results are visible everywhere in new cities, industries, sectors, and ecosystems.