RIYADH, Saudi Arabia,
Nov. 2,
2024 /CNW/ -- The Future Investment Initiative (FII)
Institute wrapped up Day 3 of its 8th annual gathering in
Riyadh, with an "Investment Day"
under the theme of "Infinite Horizons: Investing Today, Shaping
Tomorrow." Leaders, investors, and innovators explored avenues to
drive impactful investment in emerging markets, venture capital,
and sustainable growth strategies, setting the stage for the future
of global finance and economic development.
Richard Attias, CEO of the FII
Institute, commented on the day's events: "Today's discussions
underscored the power of targeted investments to transcend
traditional boundaries, creating opportunities in markets that
promise to shape the next economic era. Our collective focus on
deploying capital with long-term vision and sustainability will
guide us as we navigate an ever-changing landscape."
Standout Moments from FII8 Day 3:
1. Opening
Remarks by H.E. Faisal F.
Alibrahim
H.E. Faisal F. Alibrahim,
Minister of Economy & Planning for the Kingdom of Saudi Arabia opening remarks set
the tone for the day, emphasizing the role of investment in
Saudi Arabia's economic
transformation under Vision 2030, highlighting non-oil growth as
pivotal for future diversification.
2. Panel on
Alternative Asset Growth in Emerging Markets
Key insights were shared during a session featuring H.E.
Mohammed El-Kuwaiz, Chairman, Capital Market Authority (CMA);
Rishi Kapoor, Vice Chairman &
CIO, Investcorp; Chip Kaye,
Chairman, Warburg Pincus LLC which focused on new frontiers in
alternative asset growth. This panel explored trends driving
investments in emerging economies, spotlighting regions set to lead
the next growth phase.
3. Capital
Allocators Roundtable
A high-level discussion gathered influential leaders to discuss
2024's projected impact for alternative assets and the
diversification trends shaping institutional portfolios. The
roundtable featured a diverse array of experts, including
institutional investors, and thought leaders, all sharing insights
on how alternative investments are becoming crucial in navigating
economic uncertainties.
4. Venture
Capital Hotspots: Catalysts for Disruption
In this session, the panel explored the evolving landscape of
innovation funding, with a particular emphasis on developments in
burgeoning markets like Saudi
Arabia.
5. Health
Humanity Initiative
In a global effort to secure a healthier future for all, FII
Institute launched the Healthy Humanity Initiative inviting over
100 corporations, 10 health insurance companies insurers and
governments from the Global South and North to join the movement to
impact lives by providing free preventive health checkups for
citizens every two years, waive up to 50% in health bills and
ensure tax-free benefits. So far, this initiative has garnered
support from Saudi Health in All Policies (HIAP), Claure Group,
Moderna, Merck GCC, Ausmed Global, Qi Ming Venture Partners,
Burjeel Holdings, SCAI, CURA, Genrait and Cleveland Clinic.
6. Health
Longevity Compass
The FII Institute presented findings from the Healthy Longevity
Compass, which surveyed 22,600 respondents across 21 countries in
partnership with The McKinsey Health Institute. The study revealed
that 70% of individuals aspire to adopt healthier living habits,
yet 43% in developing countries are dissatisfied with access to
nutritious food. Read the Full Report Here.
7. Investment Day
FII8 Investment Day launched a dynamic new chapter for the
entrepreneurial ecosystem, transforming bold visions into
actionable solutions that drive progress. At the inaugural global
program hosted by FII Institute, five start-up
companies showcased their cutting-edge tech solutions
tackling world's most pressing global challenges in artificial
intelligence and robotics, sustainability, health and education.
Among the innovators were: Oxccu, Sakuu, Beyond-Aero,
Archireef and Bytelearn.
In the finale, Sakuu emerged as the winner and was
crowned FII8 Innovator 2024. Each participating company received
2025 FII Institute complimentary membership and access to the FII
Venture Program – powered by General Atlantic and Lakestar. This
comprehensive support system is designed to accelerate their
growth, offering unparalleled opportunities for market expansion,
knowledge sharing and global visibility. Additionally, the
innovative start-ups are eligible for a market expansion package
providing over $10 million in
financing grants and startup support. They may also benefit from
soft landing program through NTDP (Saudi Arabia) and Hong Kong Science and
Technology Park.
8. Closing
Remarks by H.H. Prince Faisal bin Farhan Al
Saud, KSA Minister of Foreign Affairs. H.H. Prince Faisal emphasized the importance of
global citizenship in addressing today's pressing issues. He
highlighted that collaboration across nations is vital for tackling
conflicts, climate change, health crises, and economic
disparities.
9.
Announcements: During the four days of the FII8 conference,
over 30 plus announcements worth 70 billion
dollars were made that focused on promoting sustainable
development and innovative solutions for humanity. Additionally,
strategic partnerships were established highlighting collaboration
across various sectors, including technology, quality of life, and
innovation.
As FII8 wrapped up, the narrative of a united front for positive
change was clear. The collective voices of leaders and innovators
echoed the sentiment that the future is not just a vision; it's a
movement we are all part of Day 3 at FII8 demonstrated the
Institute's commitment to connecting capital with impactful
initiatives, further strengthening the global investment landscape.
The FII Institute continues its mission of fostering sustainable
and forward-looking investments that empower change across diverse
geographies.
For media inquiries, please contact: media@fii-institute.org
About FII Institute
The Future Investment Initiative (FII) Institute is a global
non-profit foundation driven by data with an investment arm and one
agenda: Impact on Humanity. Global and inclusive, we foster great
minds from around the world and turn ideas into real-world
solutions in four critical areas: Artificial Intelligence (AI)
& Robotics, Education, Healthcare and Sustainability.
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SOURCE Future Investment Initiative Institute