São Paulo – The Public Investment Fund (PIF), a Saudi Arabian sovereign fund, is hosting the 2nd Future Investment Initiative (FII) from October 23 to 25 in Riyadh. The future of international investment will be in discussion, and the Arab Brazilian Chamber of Commerce will attend.
“The Arab Chamber will be there, and we’ll discuss trade and investments with Saudi executives over breakfast,” CEO Michel Alaby said. According to him, organizers want Brazilian enterprises to join, and they will have the opportunity to sit in on the meeting with local executives.
Invitations have been sent out to Brazilian companies and government entities tasked with finding investors, but the event is open to other players as well.
Organizers said the FII will feature 120 speakers, including International Monetary Fund (IMF) managing director Christine Lagarde, Emaar Properties chairman Mohamed Alabbar, Ajay S. Banga of Mastercard, Jamie Dimon of JPMorgan Chase, Larry Fink of Black Rock, John Flint of HSBC, Joe Kaeser of Siemens, Dara Khosrowshahi of Uber and Lubna Olayan of the Olayan Finance Company.
Over 2,000 people are expected, including government officials, executives and investors. The event saw 3,800 participants from 90 different countries last year (pictured at the top of this story).
Investment opportunities brought about by the Vision 2030 economic diversification plan put in place by heir prince Mohammed Bin Salman will be discussed. Registration will be open until September 28.
A three-pronged agenda will cover: Investing in Transformation, Technology as Opportunity and Advancing Human Potential. The goals are finding future trends and opportunities, outlining the future of certain economic activities and discussing how investment can lead to development and global prosperity.
“Political, economic and technological changes pose individual challenges for all businesses and governments, but the most intractable problems require a truly global response,” a press release from the FII organizers quoted HSBC Holdings CEO John Flint as saying. “The public and private sectors have no choice but to work together to maximize the benefits of human ingenuity while managing its disruptive impacts,” he said.
JPMorgan Chase chairman and CEO Jamie Dimon said “We know technology has been a great force, and for the benefit of all of us, that force should not be left unleashed.”
Find out more from the FII website.
Translated by Gabriel Pomerancblum
