Saudi Arabia's Public Investment Fund Governor, Yasir Al-Rumayyan, speaks as a special guest during the 9th Edition of the Future Investment Initiative's (FII) opening ceremony, the kingdom's annual flagship finance conference, in Riyadh, Saudi Arabia, October 28, 2025. (Photo: Future Investment Initiative Media Center/Handout via REUTERS)
Saudi Arabia on Tuesday kicked off the ninth Future Investment Initiative (FII) in Riyadh, focusing on artificial intelligence (AI) and urban megaprojects. The major Saudi global business conference, often described as “Davos in the Desert” — a reference to the elite annual gathering in Davos, Switzerland — is being held at the King Abdulaziz International Conference Center, a former royal palace.
Some 20 heads of state, including China’s Vice President Han Zheng and Syria’s interim President Ahmed al-Sharaa, are expected to attend the Saudi conference, alongside numerous business leaders and government ministers from around the world. Donald Trump Jr. and the heads of













