A major investor forum opened Tuesday in Riyadh, Saudi Arabia, bringing together heads of state and business leaders as the oil-rich kingdom promotes its megaprojects and ambitions in artificial intelligence.
Stephen Schwarzman, co-founder, chairman and CEO The Blackstone Group © X
A major investor forum opened Tuesday in Riyadh, Saudi Arabia, bringing together heads of state and business leaders as the oil-rich kingdom promotes its megaprojects and ambitions in artificial intelligence.
The ninth edition of the Future Investment Initiative (FII), often dubbed the “Davos in the Desert”, will run for three days. Around 20 world leaders are expected to attend, including Syrian interim President Ahmad al-Chareh, Chinese Vice President Han Zheng, and top officials from both public and private sectors.
High-profile guests include Donald Trump Jr., and the CEOs of Goldman Sachs, JP Morgan, BlackRock, and HSBC, signaling continued international interest in Saudi Arabia’s evolving economic landscape.
Launched in 2017, the FII serves as a global stage for Vision 2030, the ambitious reform plan of Crown Prince Mohammed bin Salman, aimed at diversifying the kingdom’s economy and reducing its dependence on fossil fuels — a bold move for the world’s largest oil exporter.
This year’s forum places particular emphasis on emerging technologies, sustainable development, and global investment partnerships, reflecting Riyadh's efforts to reposition itself as a tech-forward economic hub in the region.
Saudi Arabia has decided to postpone its flagship investment conference until next year, organizers confirmed in a statement on Monday, following deadly attacks which rocked the kingdom in recent weeks as the Middle East conflict widens, disrupting business.
Egypt's parliament is expected to vote this week on whether to authorise the armed forces to help defend Saudi Arabia against attacks by Yemen's Houthis if Riyadh requests its support.
Egypt is ready to provide Saudi Arabia with the support it needs to defend its security and stability, the presidency said on Sunday, as Yemen's Iran-aligned Houthis intensify their attacks on the world's largest oil exporter.
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