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Saudi Press: Future Investment Initiative to Kick off on 27 January, with Participation of 140 Prominent Speakers
Published in Saudi Press Agency on 21 - 01 - 2021

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh newspaper reported in its editorial that the Future Investment Initiative (FII), being held in Riyadh annually, is one of the largest conferences worldwide, as it has proven successful since the launch of FII edition in 2017. The FII is a global forum that brings together investors, innovators and governments, with the aim of improving the investment, development and economic environment.
Saudi Arabia has announced that the 4th edition of FII will be held during 27-28 January, 2021, under the slogan "The Neo-Renaissance". The FII will include the participation of more than 140 prominent speakers, as this confirms that the FII is of great importance to the Saudi economy, region and the future of the economy around the world. Since the announcement of Vision 2030, Saudi Arabia has worked on improving the investment environment for local and foreign investors, which resulted in enabling the Saudi economy to achieve advanced rankings in the competitiveness index issued by the International Monetary Fund and the ease of doing business index issued by the World Bank, the newspaper added.
The global participation of decision-makers in the initiative confirms the global interest in the Kingdom's future plans to diversify sources of income, the importance of the Saudi economy, as well as the Saudi attractive investment environment, as this have been confirmed by the figures recently issued by the Ministry of Investment, which refer to the issuance of 306 investment licenses during the 3Q of 2020, an annual increase of 21%, the newspaper concluded.
Al-Bilad and Al-Eqtisadiah newspapers said in their editorials that the Kingdom of Saudi Arabia has accomplished achievements in all sectors since the launch of Vision 2030, as the Kingdom has strengthened its international position by advancing in many indicators and global competitiveness reports, its astonishing development in the digital infrastructure, as well as its pioneering role at the national and global level in preserving the security of the region, the stability of oil markets and securing the global trade.
The newspapers pointed to the participation of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, in the strategic dialogue session within the activities of the World Economic Forum, in the presence of more than 160 influential international leaders and business leaders, representing 28 sectors and 36 countries.
The papers also pointed to the Kingdom's achievements in the rapid transformation and reforms since the adoption of the Kingdom's Vision 2030, as these achievements include doubling non-oil revenues, empowering women in the labor market, raising the level of competitiveness in the business environment, and activating the role of the Public Investment Fund and the significant improvement made in protecting the environment, and the Kingdom's initiative approved by the G20 Leaders Summit in 2020 regarding the circular carbon economy.
The participants in the World Economic Forum were keen to explore the latest developments in Saudi Arabia and Vision 2030 since the Kingdom was able to achieve good results on various levels despite the critical period that the world is going through due to the pandemic, the newspapers concluded.


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