Saudi Gazette report

RIYADH — Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF) and Chairman of the Future Investment Initiative (FII), revealed that deals worth around $250 billion have been signed during the past nine editions of the FII since its inception, underscoring the event’s growing global impact on investment and innovation.

Speaking at the opening of the 9th edition of the Future Investment Initiative, held under the patronage of Custodian of the Two Holy Mosques King Salman at the King Abdulaziz International Conference Center in Riyadh, Al-Rumayyan highlighted the need for a new global model and stronger international cooperation to drive prosperity.

He said, “The world’s combined GDP now exceeds $111 trillion. What we need is a new model and collaborative effort for shared prosperity — and FII plays that role by bringing global leaders and decision-makers together to drive real change.”

Al-Rumayyan also announced that a major declaration uniting global leaders to achieve prosperity will be unveiled during the conference.

He addressed growing global concerns about artificial intelligence and justice, noting that inequality is “not only an economic gap but an obstacle to human ambition and achievement.”

Highlighting Saudi Arabia’s continued economic growth, Al-Rumayyan revealed that foreign investment inflows to the Kingdom grew by 24% last year, reaching $31.7 billion, emphasizing that governments and the private sector must work together as partners to ensure global prosperity.

The FII9 conference gathers more than 8,000 participants and 650 speakers across 250 sessions, reinforcing Riyadh’s position as a leading international hub connecting global leaders, innovators, and investors to transform visions into actionable investment strategies.