Future Investment Initiative Discusses Neo-Renaissance, Global Economy Recovery

Future Investment Initiative Discusses Neo-Renaissance, Global Economy Recovery

Riyadh, Jan. 27, 2021, SPA -- The Future Investment Initiative discussed, in its first session entitled "The Neo-Renaissance: How Will Investment Shape A Rebirth of Global Economy ?", the impact of coronavirus crisis on the stock and financial markets.

The session, which was held today at King Abdulaziz International Conference Center here today, witnessed the virtual and personal attendance of PIF Governor of and Chairman of the Board of Directors of the Future Investment Initiative Foundation Yasser Al-Rumayyan; Co-Chairman of the Board of Directors and the Investment Director of Bridgewater Associates, Ray Dalio; BlackRock's Chairman and CEO, Laurence Fink; CEO of Credit Suisse (Schweiz) AG, Dr. Thomas Gottstein and Chairman and CEO of Goldman Sachs, David Solomon.

The session was managed by Co-Founder and Co-Executive Chairman, The Carlyle Group, David Rubenstein.

Al-Rumayyan added that "In 2020, when the coronavirus crisis began, there was a severe impact on economies around the world as well as on stock markets and all financial markets that were affected significantly in principle,“ indicating that at the end of February and the beginning of March, most of the markets had a drop while the markets, especially the US and international markets, witnessed in