Future Investment Initiative: Innovation Is Key to Enhancing Global Human Capabilities

Future Investment Initiative: Innovation Is Key to Enhancing Global Human Capabilities

Governor of the Saudi Public Investment Fund (PIF) Yasir Al-Rumayyan stressed the need for the world to be open to innovation, highlighting the importance of investors joining efforts to achieve long-term ambitions.

In remarks on Tuesday at the Future Investment Initiative forum, Al-Rumayyan said that Saudi Arabia has been able to create partnerships with international companies to achieve sustainability, pointing out that the Future Investment Initiative (FII) was the engine of global cooperation.

- Diversified industries

Various industries such as telecommunications, health, retail and other sectors are among the main factors that contributed to the global movement, the PIF governor said, stressing that the Covid-19 pandemic has accelerated the industrial movement, prompting the Kingdom to exploit the available opportunities.

He explained that the FII developed a framework for governance and social environment for new markets, with a focus on measuring performance and the impact of environmental and social governance on our lives.

Al-Rumayyan also noted that data was an important factor in dealing with global crises such as climate change. He said that the PIF was the first sovereign fund to issue green bonds, stressing that the voluntary carbon market was an opportunity for investors and entrepreneurs to unite efforts to find educational prospects for