2024-11-04 02:50:00
The Future Investment Initiative (FII) Institute concluded Day 3 of its 8th annual meeting in Riyadh with an “Investment Day” themed “Infinite Horizons: Investing Today, Shaping Tomorrow.” Leaders, investors and innovators explored ways to drive impactful emerging market investments, venture capital and sustainable growth strategies, setting the course for the future of global finance and economic development.
Commenting on the day’s events, Richard Attias, CEO of the FII Institute, said: “Today’s discussions highlighted the power of targeted investments to transcend traditional boundaries and create opportunities in markets that are shaping 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.”
Highlights from Day 3 of FII8:
1. Introductory remarks by HE Faisal F. Alibrahim
HE Faisal F. Alibrahim, Minister of Economy and Planning of the Kingdom of Saudi Arabia, set the tone for the day in his opening speech. He highlighted the role of investment in Saudi Arabia’s economic transformation under Vision 2030 and highlighted non-oil growth as crucial for future diversification.
2. Panel on the growth of alternative investments in emerging markets
Key insights were shared in a session with HE Mohammed El-Kuwaiz, Chairman of the Capital Market Authority (CMA), Rishi Kapoor, Vice Chairman and CIO of Investcorp, and Chip Kaye, Chairman of Warburg Pincus LLC, who set new frontiers in the growth of alternatives Assets were the subject. This panel examined the trends driving investment in emerging markets and highlighted the regions that will lead the next phase of growth.
3. Round table of investors
In a high-level discussion, influential executives discussed the projected impact on alternative investments in 2024 and the diversification trends shaping institutional portfolios. The roundtable discussion featured numerous experts, including institutional investors and thought leaders, who discussed how alternative investments play a critical role in navigating economic uncertainties.
4. Venture capital hotspots: catalysts for disruption
In this session, the panel examined the evolving landscape of innovation financing, with a focus on developments in emerging markets such as Saudi Arabia.
5. Health and Humanity Initiative
As part of the global effort to secure a healthier future for all, the FII Institute launched the Healthy Humanity Initiative and invited over 100 companies, ten health insurers and governments from the Global South and North to join the movement Transforming lives by offering citizens free check-ups every two years, waiving up to 50 percent of healthcare expenses and providing tax-free benefits. To date, this initiative has been supported by 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 supported.
6. Health Longevity Compass – Compass for a healthy and long life
The FII Institute presented the results of the Healthy Longevity Compass, which surveyed 22,600 people in 21 countries in collaboration with the McKinsey Health Institute. The study found that 70 percent of people want to pursue healthier lifestyle habits, but 43 percent in developing countries are dissatisfied with access to healthy food. Read that full report here.
7. Investment Day
The FII8 Investment Day marked a dynamic new chapter for the entrepreneurial ecosystem, transforming bold visions into actionable solutions that drive progress. At the first global program hosted by the FII Institute, five start-up companies showcased their groundbreaking technical solutions to address the most pressing global challenges in artificial intelligence and robotics, sustainability, health and education. The innovators included: Oxccu, Saku, Beyond-Aero, Archireef and Bytelearn.
Went out of the final Saku emerged as the winner and was named a “FII8 Innovator 2024.” Each participating company received free memberships to the FII Institute in 2025 and access to the FII Venture Program, supported by General Atlantic and Lakestar. This comprehensive support system is designed to accelerate their growth and offers unprecedented opportunities for market expansion , knowledge sharing and global visibility. In addition, the innovative start-ups are eligible for a market expansion package that provides funding grants and start-up support of more than $10 million. They can also benefit from the soft landing program NTDP (Saudi Arabia) and the Hong Kong Science and Technology Park benefit.
8. Concluding remarks by Prince Faisal bin Farhan Al Saud, Foreign Minister of Saudi Arabia Prince Faisal emphasized the importance of the concept of “global citizenship” in addressing the pressing issues of our time. He emphasized that cooperation between nations is crucial for addressing conflict, climate change, health crises and economic inequalities.
9. Announcements: During the four-day FII8 conference, more than 30 announcements totaling $70 billion were made focused on promoting sustainable development and innovative solutions for humanity. In addition, strategic partnerships have been established that emphasize collaboration across various sectors, including technology, quality of life and innovation.
At the conclusion of FII8, it became clear that there is a united front for positive change. The collective voices of leaders and innovators made it clear that the future is not just a vision, but a movement in which we are all a part. Day 3 of FII8 demonstrated the Institute’s commitment to connecting capital with impactful initiatives and further strengthening the global investment landscape. The FII Institute continues its mission to promote sustainable and forward-looking investments that drive change across diverse regions.
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Richard Attias net worth
**Interview with Richard Attias, CEO of the FII Institute**
**Interviewer**: Thank you for joining us, Richard. The Future Investment Initiative (FII) has just wrapped up its 8th annual meeting in Riyadh. What were some of the key takeaways from “Investment Day” and the discussions around emerging market investments?
**Richard Attias**: Thank you for having me. Investment Day was truly a remarkable occasion where we brought together leaders, investors, and innovators to explore the limitless potential of emerging markets. One key takeaway was the unanimous recognition that targeted investments can transcend traditional boundaries and create genuine opportunities for growth. Our focus on sustainable and long-term capital deployment is essential as we navigate the complexities of a rapidly changing economy.
**Interviewer**: You mentioned sustainability. Can you elaborate on how investments in emerging markets can align with sustainable growth strategies?
**Richard Attias**: Absolutely. The discussions highlighted that sustainable investment strategies are not just beneficial for the environment and society; they are also profitable. We explored how investments in sectors like healthcare, technology, and green energy are vital not only for economic growth but also for achieving broader societal goals. The launch of the Healthy Humanity Initiative, aimed at transforming healthcare access, is a prime example of how investment can have a multiplicative social impact.
**Interviewer**: The panel on alternative investments seemed to draw a lot of interest. What insights did the experts share about its growth in emerging markets?
**Richard Attias**: The panelists, including notable figures from the Capital Market Authority and major investment firms, provided invaluable insights. They discussed the increasing globalization of alternative investments and the shift towards emerging markets as principal growth areas. With changing economic climates, institutional portfolios are diversifying more than ever, and the emerging markets are at the forefront of this change.
**Interviewer**: Let’s talk about the innovations introduced during the conference. You showcased several startups — what role do they play in shaping the investment landscape?
**Richard Attias**: The startups presented at Investment Day exemplify the drive for innovation that is vital for economic advancement. Each of these companies is addressing pressing global challenges with groundbreaking solutions in AI, robotics, and sustainable practices. Our winner, Saku, has shown exceptional promise, and we believe that supporting such innovators is crucial. They not only generate jobs and economic growth, but they also inspire the next generation of entrepreneurs and innovators to pursue impactful ideas.
**Interviewer**: looking ahead, what are your aspirations for the FII Institute and its contributions to global investment?
**Richard Attias**: Our goal is to continue positioning the FII Institute as a global hub for investment dialogue and innovation. As we move toward the future, we will stay committed to advocating for investments that prioritize sustainability and social responsibility. By fostering collaborations and showcasing new ideas, we hope to inspire a robust investor community that is both forward-thinking and conscientious about its impact on the world.
**Interviewer**: Thank you for your insights, Richard. It’s exciting to see the direction the FII Institute is taking in driving global investment initiatives.
**Richard Attias**: Thank you! It’s a pleasure to share our vision and the exciting developments from the FII.
