Riyadh: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, attended the Future Investment Initiative, FII, 2018, which kicked off on Tuesday in Riyadh, Saudi Arabia.
The event attracted more than 150 Emirati ministers, senior business executives and investors.
Shaikh Mohammad praised the ambitious development plans of Saudi Arabia under the leadership of The Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz Al Saud, and the close monitoring by Crown Prince Mohammad Bin Salman. In a tweet Shaikh Mohammad described Saudi Arabia as the "Engine of the world economy" adding that the kingdom developmental march continues.
أثناء اللقاء مع خادم الحرمين الشريفين - حفظه الله - مسيرة المملكة التنموية والتطويرية مستمرة .. وهي طاقة محركة لاقتصاد العالم .. pic.twitter.com/xMUSByWSVB— HH Sheikh Mohammed (@HHShkMohd) October 23, 2018
Shaikh Mohammad also met with King Salman at Arqa Palace, with King Abdullah of Jordan also and Crown Prince Mohammad Bin Salman.
Shaikh Mohammad also praised the objectives of FII towards creating a conducive business environment.
“We work on expanding our partnership with the international business community, to support the sustainable development plans through implementing best international practices and adopting latest technologies which stand today as integral pillars of the economy of the future,” he said.
Shaikh Mohammad attended the first panel session of the FII, entitled “One World-Can global investment became a source of common future vision”.
Speakers included Khaldoon Al Mubarak, CEO and Managing Director of Abu Dhabi’s Mubadala Investment Company, Yasir Al Rumayyan, Managing Director of the Saudi Public Investment Fund, PIF, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, RDIF, and Lubna Al Olayan, Chief Executive Officer and Deputy Chairman of Olayan Group.
The panelists discussed the role of technology towards decentralising administration.
His Highness also attended the panel discussion featuring Pakistani Prime Minister Imran Khan, who talked about his vision for Pakistan’s economic development and ways to overcome potential challenges that might emerge in the coming period, and maximising gains from emerging opportunities. The Pakistani Premier, who took office recently, explained that attracting greater foreign investment inflows represents a key component of his country’s ambitious economic development plans.
The three-day, high-profile event, organised by the Saudi Public Investment Fund, aims to explore and develop new opportunities that would shape the future of investment in the world. This year’s edition features 150 speakers representing over 140 organisations.