The "Future of Investment Initiative" conference in the Saudi capital, Riyadh, organized by the Public Investment Fund (PIF), was attended by a delegation of more than 150 people led by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of the UAE. Dubai.
Sheikh Mohammed praised the idea of the "Future Investment Initiative" and its objectives, which reflect Saudi Arabia's efforts to create a favorable environment for creating a common global vision for the future of investment and the role of the private sector in advancing the development process in various countries.
"We are expanding our partnership with the global investment community, working with our partners in various sectors to develop common visions for the future economy and what can be done to support sustainable development plans while adopting best global practices and employing modern technologies," said Sheikh Mohammed. The next stage of global economic development. "
The UAE's unique participation, which includes a number of ministers, executive heads, investors and businessmen, comes in the light of the rapid technological development witnessed by the world and the great impact that is expected to increase in size during the coming period. .
Shaikhbout bin Nahyan, the UAE ambassador to Saudi Arabia, pointed out that Sheikh Mohammed's presence at the forefront of the UAE delegation gives a new impetus to cooperation between the two countries under the Saudi-Saudi coordination council, which will play a major role in economic integration.
"The inaugural conference of the Future Investment Conference of 2018 reflects confidence in the vision and seriousness of the Saudi leadership in partnership with all in exploring and developing economic trends and opportunities," said Jamal Saif Al Jarwan, Secretary General of the Emirates Council for Investors Abroad. And discussing the role of investment in achieving regional and international development and prosperity.
In its first hours, the conference resulted in the signing by Saudi Arabia of agreements worth 50 billion dollars in the oil and gas sectors, industries and infrastructure.
The conference, which will be held from 23 to 25 October, is an important opportunity for thousands of participants to attend a very rich program of work that will include more than 35 sessions of dialogue sessions, forums, open discussion meetings and workshops.
