(MENAFN- Kuwait News Agency (KUNA)) RIYADH, Oct 28 (KUNA) -- Governor of the Public Investment Fund (PIF) and Aramco Chairman Yasir Al-Rumayyan announced Tuesday, that deals exceeding USD 250 billion were concluded since the launch of the Future Investment Initiative (FII), reflecting its global economic influence.
He stated that the conference represents the world's leading platform for visionaries capable of transforming innovative ideas and strategic investments into measurable, sustainable global impact that contributes to shaping the future of international economic growth and collaboration.
In his opening remarks at the ninth edition of the event, held under the theme "The Key to Prosperity," Al-Rumayyan emphasized the immense responsibility on global financial leaders to reshape and strengthen the structure of the global economy.
He underscored the urgent need for a new model of cooperation between governments and private sectors to adapt effectively to the rapidly accelerating global economic, technological, and industrial transformations reshaping productivity and innovation worldwide.
Al-Rumayyan noted that global GDP has surpassed USD 111 trillion and is projected to grow by 2.8 percent this year, while major social and economic disparities continue to challenge global stability and progress.
He warned that although technology could reduce global inequality, artificial intelligence might exacerbate educational divides and economic gaps between nations, as nearly 808 million people continue to live in extreme poverty worldwide.
Al-Rumayyan called for enhanced global collaboration to channel capital toward achieving stability, inclusive growth, and smart regulation that balances flexibility with governance to ensure resilient, sustainable economic systems.
He highlighted that Saudi Arabia, under Crown Prince Mohammad bin Salman's leadership, set a new global benchmark for transformation through Vision 2030, with foreign investment growing by 24 percent to USD 31.7 billion last year.
He affirmed that Saudi Arabia now draws the world's attention through major international events such as FII, Expo 2030, and the 2034 World Cup, emphasizing that human development defines the Kingdom's real prosperity.
The ongoing conference, which concludes October 30, features sessions exploring artificial intelligence, robotics, productivity, wealth creation, and sustainable growth, addressing critical global issues shaping the future economic and social landscape. (end)
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