Saudi Arabia’s Future Investment Initiative (FII9) recently concluded in Riyadh and marked a significant milestone of over $50 billion in signed agreements and investment pledges. Deals were focused on artificial intelligence (AI), advanced technology, renewable energy and infrastructure.
Organised by the Future Investment Initiative Institute, the conference had the theme of “The Key to Prosperity: Unlocking New Frontiers of Growth.” It attracted a record 9,000 delegates, including 2,000 members, 600 media representatives and participants from approximately 90 countries. Over four days, FII9 facilitated discussions on global economic collaboration and deal-making.
The event’s success was underscored by notable agreements, including renewable energy collaborations involving ACWA Power, Aramco and international utility companies. There was also a focus on AI and data infrastructure projects with partners like HUMAIN, Qualcomm and Blackstone contributing to enhancing AI capabilities in the region.
A key announcement was the £6.4 billion UK-Gulf trade and investment package, aimed at deepening UK-Saudi cooperation, particularly in trade and advanced technology.
