Investors are attracted to Saudi Arabia by 'Davos in the Desert'
The Future Investment Initiative (FII) conference, often referred to as "Davos in the Desert," commenced on Tuesday in Riyadh, the capital of Saudi Arabia. With the theme "Infinite Horizons: Investing Today, Shaping Tomorrow," this year's conference seeks to reshape the understanding of how investments can foster human progress and drive meaningful innovation.
TroibNews 
The Future Investment Initiative (FII) conference, known as "Davos in the Desert," commenced on Tuesday in Riyadh, the capital of Saudi Arabia.
With the theme "Infinite Horizons: Investing Today, Shaping Tomorrow," this year's event seeks to redefine the role of investments in promoting human progress and driving impactful innovation.
Saudi Arabia aims to highlight its capabilities
At the opening ceremony, Yasir Al-Rumayyan, the governor of the Public Investment Fund, as well as chairman of Saudi Aramco and the FII Institute, remarked that this year's conference focuses on sustainable, long-term investments to tackle global challenges, foster innovation, and create a lasting impact.
Furthermore, the conference serves as a critical international platform for Saudi Arabia to demonstrate the results of its commitment to openness, enhance investor confidence, and attract foreign investment.
Khalid A. Al-Falih, Saudi Arabian Minister of Investment, asserted that despite rising geopolitical tensions in the region, the country’s economic growth and investment outlook remain robust.
"Obviously, headwinds will reflect any economy," he stated, emphasizing that the tailwinds are significantly stronger than the headwinds, thanks in part to the national strategy Vision 2030.
"The economy of Saudi Arabia, under Vision 2030, is navigating these geopolitical and macroeconomic and global challenges, including trade tensions, political conflicts, extremely well," the minister noted.
According to him, "If you look at the G20 countries during this period, and despite fluctuations and shocks of different kinds, including oil markets, the Saudi economy has been the second fastest-growing economy among them."
Promising bilateral relations with China
The 8th FII has drawn over 7,000 participants from around the globe to Riyadh, with representatives from China actively pursuing cooperation opportunities with international partners.
In a recent interview, Chinese Ambassador to Saudi Arabia Chang Hua voiced optimism regarding bilateral cooperation in various sectors, particularly as both countries prepare to celebrate the 35th anniversary of their diplomatic relations.
"Economic and trade cooperation form an important foundation for our comprehensive strategic partnership, and I am delighted to see more and more Chinese companies coming here," Chang expressed.
"This shows that Chinese companies are placing greater importance on the Saudi market, and it also reflects Saudi Arabia's growing appeal to Chinese investors."
"I hope both sides can leverage this platform to find more opportunities for cooperation," the Chinese ambassador added.
Ramin Sohrabi for TROIB News
With the theme "Infinite Horizons: Investing Today, Shaping Tomorrow," this year's event seeks to redefine the role of investments in promoting human progress and driving impactful innovation.
Saudi Arabia aims to highlight its capabilities
At the opening ceremony, Yasir Al-Rumayyan, the governor of the Public Investment Fund, as well as chairman of Saudi Aramco and the FII Institute, remarked that this year's conference focuses on sustainable, long-term investments to tackle global challenges, foster innovation, and create a lasting impact.
Furthermore, the conference serves as a critical international platform for Saudi Arabia to demonstrate the results of its commitment to openness, enhance investor confidence, and attract foreign investment.
Khalid A. Al-Falih, Saudi Arabian Minister of Investment, asserted that despite rising geopolitical tensions in the region, the country’s economic growth and investment outlook remain robust.
"Obviously, headwinds will reflect any economy," he stated, emphasizing that the tailwinds are significantly stronger than the headwinds, thanks in part to the national strategy Vision 2030.
"The economy of Saudi Arabia, under Vision 2030, is navigating these geopolitical and macroeconomic and global challenges, including trade tensions, political conflicts, extremely well," the minister noted.
According to him, "If you look at the G20 countries during this period, and despite fluctuations and shocks of different kinds, including oil markets, the Saudi economy has been the second fastest-growing economy among them."
Promising bilateral relations with China
The 8th FII has drawn over 7,000 participants from around the globe to Riyadh, with representatives from China actively pursuing cooperation opportunities with international partners.
In a recent interview, Chinese Ambassador to Saudi Arabia Chang Hua voiced optimism regarding bilateral cooperation in various sectors, particularly as both countries prepare to celebrate the 35th anniversary of their diplomatic relations.
"Economic and trade cooperation form an important foundation for our comprehensive strategic partnership, and I am delighted to see more and more Chinese companies coming here," Chang expressed.
"This shows that Chinese companies are placing greater importance on the Saudi market, and it also reflects Saudi Arabia's growing appeal to Chinese investors."
"I hope both sides can leverage this platform to find more opportunities for cooperation," the Chinese ambassador added.
Ramin Sohrabi for TROIB News
