Future Investment Initiative is global cooperation engine: Al Rumayyan

Public Investment Fund Governor Yasir Al-Rumayyan

The Future Investment Initiative (FII) is the engine for global cooperation, said Public Investment Fund (PIF) Governor Yasir Al Rumayyan. 

In the inaugural speech at the sixth edition of FII today, Oct. 25, Al Rumayyan said that the new global order is no longer related to the macro or micro economy “as we now live in the geo-economic world”. 

The world has witnessed the highest inflation rates in 40 years and the biggest interest rate hikes since the 2008 global financial crisis. 

Thus, the world can be proactive in managing crises, as the COVID-19 pandemic helped exploit opportunities, he highlighted. 

Al Rumayyan indicated that Saudi Aramco will launch a system to facilitate the understanding of gas emissions early next year, while FII has developed a measure for environmental governance.