ECONOMY

Know what’s on today’s agenda at Saudi Arabia’s ‘Davos in the Desert’

The Future Investment Initiative conference kicks off Tuesday in Riyadh. (AP)

The high profile second edition of the Saudi Future Investment Initiative Forum (FII) – dubbed “Davos in the Desert” is set to kick off on Tuesday in Riyadh with more than More than 150 speakers across 40 sessions and workshops.

The FII forum will see an agenda program built around the latest global business, investment and technology trends, featuring over 120 speakers and moderators, in more than 35 sessions over 3 days.

World leaders, investors and innovators will discuss the role of companies, governments and global institutions in working together to achieve prosperity and growth on the long term.

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Here's is the program for today:

One world: Can global investment inspire a collective vision of the future?

Technology is driving the rapid decentralization of power. What impact will these large-scale transformations have on a global economy that is, actually, growing steadily on every continent? Ten years after the global financial crisis, how can businesses, governments, and global institutions come together to create long-term progress? How can fragmented organizations mobilize against existential threats? And how can the world find balance among the seemingly competitive forces of sovereignty and security, technology and humanity, and equality and prosperity?

Power moves: How will the shifting geography of investment change the future of innovation?

The surge in new technology investments out of Asia has grown to nearly match US tech-based venture investment. This is shifting the balance of innovation priorities as well as changing the new loci of invention — and economic returns. How will the increase of global tech investment change the nature of invention to reflect regional characteristics, economic goals, and strategic interests? How can entrepreneurs and business leaders capitalize on these new investment opportunities? And what is the role of policymakers in ensuring that these new investments lead to widespread prosperity?

Exponential growth (industry evolution): How can business leaders prepare for fundamental technological transformation?

Unprecedented technological innovations such as artificial intelligence and machine learning, human-machine interactions, autonomous transport, materials innovations, and cryptographics, continue to connect the physical, digital, and biological worlds and become ever-present in business and in life. How can CEOs stay ahead of these changes to grow their companies and advance their corporate priorities? What specific technological transformations must leaders urgently embrace? How are these technologies fundamentally changing both business strategy and product innovation? And what investments are necessary to ensure that these changes minimize risk and optimize rewards?

Connect

Technology is driving vast changes in the transportation sector from the daily commute to the foundational design. Technologies such as IoT and AI are making transportation more interoperable and autonomous transportation and integrated mobility systems are already becoming a reality. On the streets, the race is on between traditional automotive manufacturers, new industry players, and tech giants. In the skies, airplane manufacturers are eyeing passenger drone technology and startups are launching ambitious plans for autonomous aircraft. This evolution in the mobility sector will bring about vast opportunities and efficiencies but will also require robust public-private sector partnerships to become reality.

Money

The rise of cryptocurrencies, blockchain technology, digital banking, and fintechs have had noticeable success in the financial services sector – if, so far, limited. Going forward, the big question is to what extent will these technologies fundamentally disrupt and be truly transformative for the financial industry? How will the current incumbents cope with the changes? What different perspectives and debates are driving the future of money and the role of financial services in creating the change?

Energy

Major shifts are expected in the global energy landscape driven by innovative technologies with a potential to be deployed at scale. Electricity demand is growing four times faster than the other fuels driven by electrification of transport. Hydrogen could soon provide up to 18 percent of energy demand. These significant shifts in the energy sector require new regulations, financial models, and human capital structures around the world.

Life

Breakthrough healthcare technologies are already offering exciting opportunities in preventative care and therapies as well as in healthcare delivery overall. These innovations open doors for unique opportunities for investors interested in participating in this booming sector, but they also bring along some important challenges. How is personalized medicine affecting the future of healthcare delivery? And what is the role of new technologies and medical devices in wellness, prevention and care?

Exponential growth (fintech future): How can business leaders prepare for fundamental technological transformation?

Unprecedented technological innovations such as artificial intelligence and machine learning, human-machine interactions, autonomous transport, materials innovations, and cryptographics, continue to connect the physical, digital, and biological worlds and become ever-present in business and in life. How can CEOs stay ahead of these changes to grow their companies and advance their corporate priorities? What specific technological transformations must leaders urgently embrace? How are these technologies fundamentally changing both business strategy and product innovation? And what investments are necessary to ensure that these changes minimize risk and optimize rewards?

In conversation: The future of Jordan

Efficient financial markets and a strong banking sector are critical drivers of prosperity and economic growth everywhere. But for emerging economies, the expansion of digital connectivity, rise of the middle class, and new privatization measures require not only strong growth of domestic capital markets but greater access to financing and foreign direct investment. What regulatory reforms and incentives are needed to further develop capital markets at the national level? What actions must be taken to integrate new markets on both the regional and global level? What opportunities does this create for outside investors?

Market drivers: How can global investors encourage capital market development in emerging economies?

Efficient financial markets and a strong banking sector are critical drivers of prosperity and economic growth everywhere. But for emerging economies, the expansion of digital connectivity, rise of the middle class, and new privatization measures require not only strong growth of domestic capital markets but greater access to financing and foreign direct investment. What regulatory reforms and incentives are needed to further develop capital markets at the national level? What actions must be taken to integrate new markets on both the regional and global level? What opportunities does this create for outside investors?

SUMMIT I : Immersive future

Already, we attach ourselves to mobile devices, algorithms influence our decision-making, and machines beat us at our own games. By the 2020s, technological advancements in artificial intelligence, machine learning, nanotechnology, mixed reality, and quantum computing will enable us to live, work, and create in new and exciting ways. What extraordinary changes are coming next? What new companies will soon emerge? What political, ethical, and institutional frameworks are needed to mitigate the risks? When will humans and machines achieve the singularity? And how can we ensure that these changes will benefit society instead of destroying it.

 

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Last Update: Tuesday, 23 October 2018 KSA 07:29 - GMT 04:29
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