Albudaiwi: Hosting FII8 in Riyadh Reflects Kingdom’s Leading Economic Investment Role at Regional, Global Levels

The Gulf Cooperation Council (GCC) Secretary General Jasem Mohamed Albudaiwi has participated in the eighth edition of the Future Investment Initiative (FII8), being held under the theme: "Infinite Horizons: Investing Today, Shaping Tomorrow", in Riyadh between October 29 and 31. The event was organised by the Future Investment Initiative Institute and attended by leaders, heads of state, prominent investors, and executives from major global and regional institutions and companies. On the occasion, the GCC secretary general noted that Riyadh's hosting of FII8 reflects the Kingdom of Saudi Arabia's pioneering economic and investment role at both regional and global stages. The initiative aims to enhance cooperation between the public and private sectors, encourage innovation, and develop a sustainable economy by providing innovative solutions to global challenges. It also seeks to attract global investments and support entrepreneurs and startups, thereby reinforcing strategic partnerships and advancing the Saudi Vision 2030. Albudaiwi stressed that the presence of global leadership figures underscores confidence in the Saudi economy and bolsters the Kingdom's position as a hub for global economic and investment partnerships. He added that the FII8 is part of the GCC's efforts in the fields of investment and trade, including attracting regional and international investors to the Gulf market. The secretary general also highlighted that the sovereign wealth funds of the GCC member states manage numerous global investment portfolios, with these funds holding around 33% of the total value of investments worldwide. Source: Saudi Press Agency