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RIYADH, Saudi Arabia, Oct. 26, 2022, /PRNewswire=KYODO JBN/ --

The second day of the sixth edition of the Future Investment Initiative (FII)

saw the successful auction of the largest-ever carbon credit sale, major

announcements, the signing of key deals, and stimulating discussions about a

range of trending topics.

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The day opened with a conversation between CEO of the FII Institute, Richard

Attias and Founding Partner of Trian Fund Management, Nelson Peltz, about how

to ensure long-term success throughout the ongoing global changes. The

conversation was followed by a plenary discussion titled "The Pulse on Global

Macrofinance" where HE Mohammed Al Jadaan, Saudi Minister of Finance; HE Shaikh

Salman bin Khalifa Al-Khalifa, Bahraini Minister of Finance and National

Economy; and HE Steven Mnuchin, Managing Partner of Liberty Strategic Capital,

shared their thoughts on how globalization is impacting global markets.

The Saudi Public Investment Fund (PIF) and Tadawul Group announced the results

of the VCM carbon marketplace to accelerate the transition to a carbon neutral

future, which is integral to Saudi Arabia's efforts to achieve net-zero goals

by 2060. Fifteen Saudi and regional entities took part in the largest-ever

carbon credit sale, and credits were purchased by companies including Aramco,

Olayan Financing Company and Saudi Arabian Mining Company. Moreover, PIF

announced that it will establish five companies aimed at investing in the

Kingdom of Bahrain, the Republic of Iraq, the Hashemite Kingdom of Jordan, the

Sultanate of Oman, and the Republic of Sudan. The five companies aim to invest

up to a total of USD 24 billion in opportunities across various key sectors in

each market.

The FII Institute also announced investments in two innovative tech solutions

designed to drive sustainability in agriculture and fishing. The first is a GBP

500,000 investment in Dogtooth Technologies, a UK-based tech start-up that

develops and sells autonomous fruit picking robots, helping to reduce crop

wastage and cut CO2 emissions arising from fruit production. The FII Institute

is also investing USD 500,000 in Seafood Souq, featured in the United Nations

Ocean Decade Special edition. Seafood Souq is a technology company offering a

vertically integrated digital solution for global seafood trade, traceability

and financing in support of the Blue transformation.

In addition, the Institute launched its new exclusive Membership Program,

giving global investors and change makers a chance to join its growing

community. The FII Institute Membership Program will provide members with

exclusive access to its knowledge platform, which includes a wide range of

reports and world-leading research from global universities and organizations.

Moreover, it announced the launch of the 'Algoritmi Prize' with support from

global research publisher Springer Nature. The annual science and technology

prize will celebrate artificial intelligence (AI) and robotics research that

has the potential to produce real-world solutions that address global

challenges.

The sixth edition of FII will conclude on Thursday 27 October with wrap-up

discussions on sports, fintech, sustainability and the future of Africa.

NOTES TO EDITORS

The event factsheet can be found here [

https://fii-institute.org/wp-content/uploads/2022/07/FactSheet_Enabiling-a-New-Global-Order-6th-4.pdf

].

About FII Institute

The Future Investment Initiative (FII) Institute is a new global nonprofit

foundation with an investment arm and one agenda: Impact on Humanity. Global,

inclusive and committed to Environmental, Social and Governance (ESG)

principles, we foster great minds from around the world and turn ideas into

real-world solutions in five critical areas: Artificial Intelligence (AI) and

Robotics, Education, Healthcare and Sustainability.

SOURCE: FII Institute