Riyadh: In a significant diplomatic exchange, UAE President Sheikh Mohamed bin Zayed Al Nahyan has received an official invitation from Saudi Crown Prince Mohammed bin Salman to attend the upcoming eighth edition of the Future Investment Initiative (FII) Forum 2024. The forum is scheduled to take place in Riyadh from October 29 to 31, 2024.
Invitation handed over in Abu Dhabi
The invitation was formally handed over by Saud bin Saad Al Otaibi, Deputy Head of the Saudi Mission to the UAE, to Sheikh Shakhboot bin Nahyan Al Nahyan, the UAE’s Minister of State, at the Ministry of Foreign Affairs. This exchange highlights the ongoing diplomatic engagement between the two Gulf nations, reflecting their close ties and collaborative efforts in various domains.
About the Future Investment Initiative Forum
The Future Investment Initiative, often referred to as the "Davos in the Desert," is a high-profile annual event that brings together global leaders, investors, and innovators to discuss emerging economic trends, technological advancements, and the future of global investment.
Since its inception in 2017, the FII has served as a platform for fostering international cooperation and investment opportunities, aligning with Saudi Arabia's Vision 2030—a strategic framework aimed at diversifying the kingdom's economy away from oil dependency.
Significance of UAE's Participation
The participation of UAE's leadership in the FII 2024 underscores the deepening ties between the UAE and Saudi Arabia. Both nations have increasingly collaborated on various fronts, including economic initiatives, regional security, and cultural exchanges. The event is expected to draw significant global attention, particularly in light of ongoing geopolitical and economic developments in the region.
The focus of FII 2024
The FII 2024 is poised to address some of the most pressing issues facing the global economy today, with a particular focus on sustainable development, technological innovation, and investment strategies for a rapidly changing world. The presence of key leaders from the UAE and other nations will likely contribute to shaping the discourse on these critical topics.
Strengthening bilateral relations
As the date for the forum approaches, the UAE's involvement signals continued strong relations between the two countries, reinforcing their shared vision for the future of the Middle East and beyond.
The invitation and the anticipated participation of Sheikh Mohamed bin Zayed Al Nahyan reflect the enduring partnership between the UAE and Saudi Arabia, which continues to evolve in response to global and regional challenges.