Riyadh: Soudah Development, a subsidiary of the Public Investment Fund, announced today the signing of a strategic partnership agreement with the Future Investment Initiative Institute. Soudah Development and the FII Institute will collaborate throughout the year on joint initiatives and forward-thinking platforms that aim to drive innovation, generate actionable insights, and promote solutions that foster sustainable growth and inclusive progress.
According to Saudi Press Agency, this partnership comes ahead of the ninth edition of the Future Investment Initiative, set to take place in Riyadh from October 27 to 30. The event will bring together heads of state, business leaders, investors, and innovators worldwide.
CEO of Soudah Development Eng. Saleh Aloraini stated that the company is proud to contribute to the realization of the Saudi Vision 2030 through the Soudah Peaks project, the first luxury mountain destination in Saudi Arabia.
Chairman of the FII Institute Executive Committee and Acting CEO of the FII Institute Richard Attias emphasized that tourism is a powerful driver of economic growth and cultural exchange. He added that the future of tourism lies in moving beyond traditional global models toward responsible approaches and experiences that restore ecosystems, empower communities, and preserve cultural authenticity.