FII8 to drive innovation and $28 billion deals in sectors like renewable energy, AI, cybersecurity, and more

The eighth edition of FII8, taking place from October 29-31, 2024, in Riyadh, Saudi Arabia, is expected to see $28 billion in deals announced across multiple industries, according to FII Institute CEO Richard Attias. During a press conference on Tuesday, Attias emphasized the event’s importance as a global platform for driving innovation, and investment and fostering cross-sector partnerships.

Attias revealed that while several agreements are still being finalised, the expected number of partnerships continues to grow. The FII8 summit, he explained, will focus on delivering practical outcomes across key sectors, distinguishing itself as more than a mere forum for thought leaders. “This year, we expect record-breaking announcements in renewable energy, cybersecurity, food security, and entertainment,” he said.

The FII Institute has become a key driver of positive change through its commitment to finding effective solutions to some of the world’s most pressing challenges. Attias outlined that the event would cover a wide range of domains, including global connectivity, AI, mining, health tech, sports, the circular economy, food and agriculture, emerging economies, art, and culture.

Despite current global and regional uncertainties, the upcoming edition of FII has already attracted 7,100 participants from around the world, a 1,000-person increase from last year. This growth reflects the event’s broad appeal and its reputation as a forum for impactful discussions and real-world results.

“We aim to be doers, not just talkers. At FII, we bring real investments,” said Attias, referencing the $128 billion worth of deals that have been finalised across past editions of the event. “If you divide that by seven editions, it’s much more than $10 billion in deals that happen during each FII.”

One of the pillars of the FII Institute is “Act,” a division that invests in startups aligned with the organisation’s mission of driving innovative solutions for the betterment of humanity. Attias confirmed that the FII Institute has already invested in seven portfolio companies through this initiative. “We believe in game changers and in helping innovative investors create positive global impact,” he added.

Beyond investments, the FII Institute continues to influence global conversations by publishing key indexes like the FII Priority Compass, which identifies and tracks the key priorities for industries and economies around the world. Attias underscored the significance of showcasing the positive impact these investments have on job creation, ecosystem development, and broader societal benefits.

The conference will highlight how investments made through the FII Institute go beyond financial transactions, offering broader effects that contribute to a sustainable and inclusive future. As a membership-based movement, the FII Institute has attracted individuals and organisations dedicated to creating a lasting impact on the world.

With its focus on fostering tangible outcomes and driving innovation, FII8 is expected to solidify its reputation as a major hub for global investors, entrepreneurs, and thought leaders committed to shaping the future across industries.