Wall Street executives are attending Saudi Arabia's Future Investment Initiative (FII) conference, attracted by the promise of investment and Saudi Arabia's $1 trillion Public Investment Fund (PIF). This year, there are concerns about financial tightening in Saudi and escalating conflicts in the Middle East, giving investors pause. Saudi is demanding that these executives show commitment to its future and participate in its economic transformation plans. Last year, many Western executives avoided the FII due to the killing of journalist Jamal Khashoggi. Despite challenges, Saudi is seeking regional stability, forging alliances, and aiming to attract foreign capital and expertise. The country is also reviewing its finances, scaling back on some projects, and looking for foreign firms to commit funds to domestic initiatives. The FII is expected to announce new deals, including a major AI-focused fund and a $10 billion investment in hydrogen production. Saudi is also expanding its financial connections with China and Asia. Despite economic constraints, optimism remains high for the FII conference, with a higher number of attendees than last year.



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