RIYADH: World leaders, industry titans, and global financiers are set to gather in Riyadh for the seventh edition of the Future Investment Initiative from Oct. 24-26. Under the slogan “The New Compass,” the attendees will discuss climate, economy and technology issues. The FII acts as a catalyst for crucial talks around the macroeconomic challenges communities face. This year’s conference will also shed light on the role of governments and the transformative potential of technology, education, and healthcare in shaping a more prosperous future. Some 5,000 guests, including financing and technology leaders and policymakers, will show up in this edition, said its organizer, FII Institute, in a statement. Notable attendees such as Public Investment Fund Gov. Yasir Al-Rumayyan and World Bank Group President Ajay Banga will attend the event. The list of participants includes influential figures, such as Claryle Group Co-Founder David M. Rubenstein, Bridgewater Associates Founder Ray Dalio and JPMorgan Chase CEO Jamie Dimon. Blackrock CEO Larry Fink Citi and Citigroup CEO Jane Fraser confirmed their participation. The FII will also deliberate on artificial intelligence, space exploration, clean technology and electric vehicles. The sessions will also discuss investment opportunities in robotics, light detection and ranging technologies. The conference will focus on reducing risks and the imperative of harnessing technological progress as a constructive catalyst, fostering economic prosperity, mitigating harm and guaranteeing equitable access. FII CEO Richard Attias emphasized that this year’s edition will capture the essence of a new global world rediscovering its bearings in the investment arena. “We will also talk about citizens’ priorities, which should guide our strategies,” he said. The event is also expected to throw new surprises like last year’s edition when Crown Prince Mohammed bin Salman announced that the Public Investment Fund would establish regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman. The fund also launched a Local Content Growth Program to grow competition and innovation in the private sector. Oil giant Saudi Arabian Oil Co. also announced the launching of a $1.5 billion sustainability fund to invest in stable and inclusive energy transition technology.