Saudi Future Investment Initiative Institute strikes deal to support tourism

The Saudi Future Investment Initiative Institute (FII) has announced that it has reached an agreement to boost the tourism sector. It organized the “Priority Summit” in New York on the sidelines of the 77th session of the United Nations General Assembly.

CEO Richard Attias presented the results of the global survey to determine the most critical priority for each individual.

The results revealed the priority in terms of population and continental composition to build an innovative roadmap to help humanity make the transition to help humanity survive and thrive in a complex new world.

– A different experience

Attias explained that the Foundation carried out this report in 13 countries to understand recent trends, which can monitor the emerging economies of countries that represent about 50% of the population and see them on the map shown for nations.

“In the top ten findings of the report, we noticed that people are very positive about themselves, as 77% of normal people in the countries were going in the right direction,” the CEO told SPA.

He pointed out that another analysis has been made which shows the relationship between optimism and GDP which can gradually improve the outlook of the citizen by paying attention to his priorities.

He said that 53% of high-income countries enjoy a nutritionally better life.

– Quality of life

Saudi Investment Minister Khalid al-Falih addressed priority investment sectors after the economic transformation the world is experiencing, highlighting the Kingdom’s efforts and plans to invest in industries focused on improving the quality of life.

The minister pointed out that technology has a significant and fundamental impact on investment, life and business interaction mechanisms.

“In light of the outbreak of the epidemic, it has been proven that the use of technology is important in addressing the challenges we face and providing opportunities for investors,” Falih said.

– Companies and individuals

Speaking at the summit, Governor of the Public Investment Fund (PIF) and Chairman of the Board of Saudi Aramco, Yasir al-Rumayyan, discussed the role of companies and investors in supporting the highest priorities. individual reviews.

In a plenary session with University of Pennsylvania Honorary President Judith Rodin, he revealed the difference between a crisis management approach and a crisis management approach that causes more crises.

The PIF plays an important role in boosting the Saudi economy, Rumayyan noted, noting that the Fund has a dedicated initiative to ensure the achievement of the goals set in the vision realization program.

– Tourism development

The Saudi Tourism Development Fund and the IFI have signed a strategic partnership agreement to work together to advance projects and initiatives in line with the Institute’s main focus areas.

It will also support the curation of the upcoming sixth edition of the FII Forum, to be held in Riyadh from October 25-27 under the theme “Impact on Humanity: Enabling a New World Order.”

The CEO of the Fund, Qusai al-Fakhri, explained that the partnership with FII will strengthen efforts between the two parties and jointly seek to encourage and support investment in the tourism sector in Saudi Arabia.

“We look forward to exploring together how the face of tourism is changing and how we can work with global efforts to make tourism growth sustainable,” Fakhri said.

The Fund’s partnership with the IFI demonstrates the Fund’s enthusiasm to contribute to the work of the Institute and its investment in the four essential pillars of sustainability, health, education, artificial intelligence and robotics. , upon which the Institute was founded.

The Tourism Development Fund was established to empower one of Saudi Arabia’s fastest growing industries. It aims to facilitate the access of local and international investors to tourism investments across the Kingdom.

The Fund’s efforts align with Saudi Arabia’s bold ambition to bolster the country’s reputation as a premier tourist destination.

– Trade

Separately, Trade Minister and Chairman of the Board of the Saudi General Authority for Foreign Trade Majid al-Qasabi held bilateral meetings in Bali on the sidelines of the G20 trade working group, the investment and industry.

Qasabi with trade ministers from Turkey, India, Argentina, South Africa and Russia.

During the meetings, opportunities for cooperation in investment and industry and increased trade were discussed.

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