Fifth Future Investment Initiative Brings over 2,000 Missions, 5,000 Participants

Future Investment Initiative (FII) Institute CEO Richard Attias revealed that the fifth edition of FII, which will be held in Riyadh between October 26 and 28 under the theme “Invest in Humanity”, will bring together more than 2,000 missions and 5,000 participants due to restrictions.

During a press conference held today at the Saudi Press Agency Convention Center, Attias said that the 5th edition will discuss ways to invest in clean water, education, public health, gender equality and fighting poverty, mainly in the countries that could not receive COVID-19 vaccines.

The conference was held with the participation of FII Institute COO Rakan Tarabzoni and Director of ACT and Head of Investments at FII Institute Anthony Berkley, and moderated by Rima Al-Medaires.

“The percentage of people who received the vaccine in Africa stands at around 1%, which brings a sense of regret, where we should be generous, sharing and inclusive, and these are the directives that we received from leaders when we established the institute,” Attias added, pointing out to the Kingdom Vision 2030 and its vital community through empowering young men and women and its positive impact on humanity.

The CEO noted that all types of sectors have started working normally after the pandemic, where all sectors need sustainability through investing in humanity, stressing that the institute’s program urges this.

“To build confidence, you need partners who work with you and that is not easy to convince global companies to join FII as strategic partners”, Attias said, noting that the FII will launch several initiatives in healthcare, artificial intelligence, and social, environmental and educational governance.

He added that action has started locally and internationally and the idea was born in the Kingdom of Saudi Arabia and registered in the United States of America and an office will be opened in Asia.

He stressed that having global partners, including Saudi companies, such as Saudi Aramco and Maaden, in addition to projects like NEOM and Al-Ula, will all achieve a global impact, reiterating that the Kingdom of Saudi Arabia is waiting a tourist future, expressing happiness for his being the CEO of this non-profit organization, especially that it carries out humanitarian action. He expressed appreciation for partners who will invest big amounts of money in FII that is one of the biggest global initiatives.

The CEO noted that the institute has products that reached 60 pages of research that were published in healthcare, sustainability, poverty and social and environmental governance, which all provided ideas for solutions of several problems in various sectors, mainly those related to the health sector and sustainability. He noted that countries increase GDP expenditure by 5% in the health sector as part of the GDP, which plays a role in increasing the average age of human by nine years, which is a big achievement, pointing out that over the past two years, due to intensified studies and research, there was an increasing interest in research in the health sector in particular, which did not happen over the past 20 years due to the fact that investment was not much in the field, where the institute seeks to shed light on such important fields.

Regarding the social and environmental governance, he said that the FII Institute seeks to prepare a new approach based on evaluating social and environmental governance and build a just and comprehensive framework that will constitute the foundation of the initiative.

“The board of trustees of the institute has set a goal to have an opinion on social and environmental governance due to its big and tangible impact in the investment market, and consequently, some research pieces have been conducted through study and research center with the aim of boosting productivity,” he said.

“The concept of social and environmental governance is a framework through which investors and CEO’s assess potential risks with any relation to the environment and the use of resources,” he added, noting that the process of governance and transparent leadership work on getting acquainted with these risks and help companies be stronger and better at the financial level.

Regarding the environmental governance, he said that the institute has a mission to stimulate action and be part of social and environmental governance.