Riyadh takes center stage in shaping the future of investment

Riyadh takes center stage in shaping the future of investment
Running through Oct. 30, the event brings together global leaders, investors, and innovators to shape the future of investment and economic growth. (File)
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Updated 10 min 37 sec ago

Riyadh takes center stage in shaping the future of investment

Riyadh takes center stage in shaping the future of investment
  • Technology dominates FII9 with over half of speakers from innovation sector

RIYADH: Under the patronage of King Salman, the ninth edition of the Future Investment Initiative Conference began on Sunday at the King Abdulaziz International Conference Center in Riyadh.

Running through Oct. 30, the event is themed “The Key to Prosperity” and brings together global leaders, investors, and innovators to shape the future of investment and economic growth.

The conference opened with closed-door sessions, gathering experts to exchange insights on topics ranging from the role of innovation in carbon accounting to measure corporate climate performance, the infrastructure of cryptocurrencies and their impact on the global financial system, quantum computing and yield generation, and leadership investment.

From Oct. 28 to 30, FII will host a series of sessions addressing critical issues such as the impact of artificial intelligence and robotics on productivity, wealth creation amid growing inequality, the geoeconomic implications of resource scarcity and strategies to balance economic growth with environmental sustainability.

The event is expected to attract over 8,000 participants and 650 distinguished speakers across 250 sessions. 

FASTFACTS

• SandboxAQ partners with Bahrain to accelerate drug discovery, creating $1 billion in biotech assets.

• unveils Dream of the Desert, its first ultra-luxury train experience, slated for 2026.

The ninth Future Investment Initiative marks a “turning point” in global innovation focus, with technology leaders making up over half of this year’s speakers. In an interview with CNBC, Richard Attias, chairman of the FII Institute’s executive committee, said: “FII9 is a turning point. This year, 52 percent of our speakers are coming from the tech industry. It is showing you the importance, of course, of AI, but not only AI, innovation in general, because all sectors in all industries are impacted by technology now.”

Attias highlighted three defining factors for this year’s edition: the dominance of technology, the presence of more than 20 world leaders and 50 ministers representing 90 countries, and the event’s growing reputation as one of the most inclusive platforms for international collaboration. He added: “This will be a fantastic platform for public private partnership.”

This year’s FII has already seen high-profile deals, including a partnership between US-based artificial intelligence and quantum technology firm SandboxAQ and Bahrain’s sovereign wealth fund, Mumtalakat.

“Traditionally, the majority of biotech IP is owned in a handful of countries. This enables Bahrain to develop its own assets, focused both on regional and global health priorities,” said SandboxAQ CEO Jack Hidary.

Luxury tourism in also advanced with the unveiling of the Dream of the Desert, the Kingdom’s first ultra-luxury rail service. Paolo Barletta, CEO of Italy’s Arsenale Group, said: “Dream of the Desert is a moving masterpiece born from the dialogue between Italian craftsmanship and Saudi vision.”

UK Finance Minister Rachel Reeves, making the first visit to the region by a British finance minister in six years, expressed optimism over trade negotiations with Gulf countries, stating, “I am really confident we can get that deal over the line,” adding that she hoped an agreement could be reached “very soon.”

Tokyo Gov. Koike Yuriko will also be attending FII to highlight Tokyo’s initiatives as a hub for innovation and finance in Asia while exploring opportunities for shared prosperity with Arab nations.


MENA equity markets stay active as deal volumes rise

MENA equity markets stay active as deal volumes rise
Updated 13 sec ago

MENA equity markets stay active as deal volumes rise

MENA equity markets stay active as deal volumes rise
  • ’s low-cost carrier flynas led the year’s IPOs, raising $1.1 billion in its May debut on the Tadawul, the region’s largest offering so far in 2025

RIYADH: Equity and equity-related issuances in the Middle East and North Africa totaled $10.4 billion during the first nine months of 2025, marking a 51 percent decline from the same period last year, according to data from LSEG.

Despite the drop in total proceeds, deal activity showed resilience, with the number of transactions rising 12 percent year on year.

First Abu Dhabi Bank topped the equity capital markets underwriting league table with an 11.2 percent market share, followed closely by HSBC at 10.8 percent. Citi, meanwhile, recorded a 14 percent increase in proceeds to $938 million — one of only two top-ten bookrunners to post growth.

“This year has been exceptionally busy for us, and we still have at least one more deal expected to close before year-end,” said Rudy Saadi, managing director and head of MENA ECM at Citigroup. 

Based on current momentum and pipeline discussions, 2026 is expected to be even busier.

Rudy Saadi, Citigroup top executive

“Based on current momentum and pipeline discussions, 2026 is expected to be even busier.”

Initial public offerings accounted for 46 percent of total issuance, with follow-on offerings representing the remaining 54 percent. 

The region saw 36 IPOs during the period — six more than last year and the highest nine-month total since 2008 — raising $4.8 billion, a modest 4 percent decrease from 2024.

’s low-cost carrier flynas led the year’s IPOs, raising $1.1 billion in its May debut on the Tadawul, the region’s largest offering so far in 2025.  In the third quarter, Dar Al Majed Real Estate Co. topped listings with a $335.8 million float.


’s first ultra-luxury train ‘Dream of the Desert’ unveiled at FII9

’s first ultra-luxury train ‘Dream of the Desert’ unveiled at FII9
Updated 27 October 2025

’s first ultra-luxury train ‘Dream of the Desert’ unveiled at FII9

’s first ultra-luxury train ‘Dream of the Desert’ unveiled at FII9

RIYADH: Luxury train tourism in took another step forward as the Kingdom unveiled the design mock-up of its first ultra-luxury rail service, Dream of the Desert, at the Future Investment Initiative in Riyadh. 

The showcase marks a new milestone for the project, previously announced by Italy’s Arsenale Group in collaboration with Railways. The Ministry of Transport and Logistic Services, and the Transport General Authority, are also part of the project, as well as the Ministry of Culture, and the Saudi Tourism Authority, according to a press release. 

The service, slated to launch in late 2026, is part of the Kingdom’s broader push to expand high-end tourism offerings under Vision 2030.   

Paolo Barletta, CEO of Arsenale, said: “Dream of the Desert is a moving masterpiece born from the dialogue between Italian craftsmanship and Saudi vision.”

He added: “It marks the beginning of a new global platform redefining ultra-luxury travel – one that celebrates heritage, creativity, and a deep respect for local identity while carrying the world’s most discerning travellers through the heart of ’s landscapes and traditions.” 

The train will feature 31 private suites and two presidential suites, accommodating a maximum of 66 guests. The train’s interiors will draw inspiration from the Saudi landscape, featuring desert-inspired hues, rich wood carvings, and custom Murano glass lighting that evokes traditional oriental lanterns. 

Guests will have access to two restaurant cars offering a choice between authentic local cuisine and international menus with Italian fusion influences, all curated to a Michelin-level standard. A central Majlis lounge will provide a space for socializing and relaxation. 

Saleh bin Nasser Al-Jasser, ’s minister of transport and logistics services and chairman of Railways, said the unveiling of the luxury train underscores the remarkable transformation of the Kingdom’s railway sector and its progress toward offering world-class travel experiences. 

He added that the project stems from the National Transport and Logistics Strategy, which aims to introduce modern, tourism-focused transport options that enhance quality of life.  

Al-Jasser also noted that the initiative reflects rising foreign investment in the Kingdom’s transport and logistics ecosystem, supported by leading international partners. 

The inaugural journeys, lasting one to two nights, will depart from Riyadh and traverse approximately 1,300 km of existing railway lines.


Tokyo governor to showcase city’s innovation at Riyadh’s FII 2025

Tokyo governor to showcase city’s innovation at Riyadh’s FII 2025
Updated 27 October 2025

Tokyo governor to showcase city’s innovation at Riyadh’s FII 2025

Tokyo governor to showcase city’s innovation at Riyadh’s FII 2025

TOKYO: Tokyo Gov. Koike Yuriko will join the Future Investment Initiative in Riyadh on Tuesday as she embarks on a tour taking her to , the UAE, Kuwait and Egypt.

The trip aims to highlight the Japanese capital’s dynamic appeal, while also offering the governor the chance to explore a region she believes is flourishing with new investment opportunities.

She will attend the FII’s ninth edition to present Tokyo’s initiatives to establish itself as a leading hub for innovation and finance in Asia.

Koike also hopes to develop meaningful connections and foster a sense of shared prosperity and mutual gain for both Tokyo and the Arab nations.

She arrived in the UAE’s Abu Dhabi on Sunday and attended the 2025 Asia-Pacific Cities Summit and Mayors’ Forum, which runs from Oct. 27-29 and is hosted by Expo City Dubai at the Dubai Exhibition Centre.

Koike was a key speaker on Monday at the forum, which is held under the patronage of Crown Prince of Dubai and UAE Deputy Prime Minister and Minister of Defense Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum.

More than 150 mayors, leaders and speakers from over 300 cities around the world were invited to the summit.

Koike’s itinerary also includes Jeddah, Kuwait City, and Giza in Egypt. The importance of this trip is underlined by her participation in international conferences, speeches and discussions with governments and non-profit foundations.

“This region is currently attracting global attention for its economic growth and investment opportunities,” the governor told Arab News Japan. “Through this trip, I will work to enhance Tokyo’s presence as a leading global city, while applying the insights gained from international urban collaboration with the administration of the Tokyo Metropolitan Government.”

Koike will be accompanied by Takahashi Yoichi, the renowned manga artist behind Captain Tsubasa (known as Captain Majid in the Arab region). He will contribute to the cultural exchange aspect of the trip, using his influence and art to bridge cultural gaps and foster understanding between Japan and the Arab region.

The tour will include ’s second-largest city, Jeddah, when the governor will exchange ideas with local government officials.

“Together, we will explore opportunities for inter-city collaboration in areas such as economic and industrial development,” she said, emphasizing the potential for mutual growth and collaboration.

Koike will arrive in Kuwait on Oct. 29, where she will meet with government officials to discuss tackling common challenges across industries, startups and women’s empowerment.

“We aim to exchange perspectives on potential future collaboration between our cities and within international networks, fostering partnerships among cities committed to sustainable growth,” she said.

The governor often visits Cairo, where she attended university, and this year marks the 35th anniversary of the friendship city agreement between the Cairo governorate and the Japanese capital.

“At the invitation of the Egyptian government, I am honored to attend the opening ceremony of the Grand Egyptian Museum in Giza,” Koike said. “I hope the cultural programs and other events featured in the ceremony will serve as an inspiration for advancing Tokyo’s initiatives.”

She added: “To all my dear friends across the Arab region, thank you so much for the generous invitations to take part in such meaningful meetings and visits. Throughout human history, this region has been buffeted by the storms of civilization, weathering the rise and fall of empires and dynasties. As a result, I believe it has cultivated a rich diversity of cultures and a profound wisdom for navigating change — qualities that are truly exceptional among world regions.

“While studying at university in Egypt, I encountered a different culture and learned the importance of embracing differences. That experience has been a great source of strength as I have faced various challenges as governor. The Arab people are dear friends to me, and I believe this visit will further deepen the bonds between Tokyo and the Arab world.”

The governor’s tour, which began on Oct 26, will end on Nov. 3 when she heads back to Tokyo.


Jeddah offering ‘significant investor opportunities’ across retail, hospitality: JLL

Jeddah offering ‘significant investor opportunities’ across retail, hospitality: JLL
Updated 27 October 2025

Jeddah offering ‘significant investor opportunities’ across retail, hospitality: JLL

Jeddah offering ‘significant investor opportunities’ across retail, hospitality: JLL

RIYADH: Jeddah’s real estate pipeline is surging with 310,000 sq. meters of retail space rolled out this year, together with 1,000 new branded residential units and over 30,000 more hotel keys by 2030, according to JLL.

Speaking at its annual roundtable in Jeddah, the global real estate firm said the city’s expanding pipeline — spanning residential, hospitality, and mixed-use projects — underscores its growing role in ’s Vision 2030 agenda.

JLL said the development pipeline reflects broader national progress, particularly in Riyadh, which accounts for over $1.2 trillion in total project value, with contract awards projected to reach about $569 billion by the end of 2025, citing MEED Projects data. 

Saud Al-Sulaimani, country lead and head of Capital Markets at JLL , said: “Jeddah is pivotal to ’s Vision 2030, offering significant investor opportunities.”  

He added that national priorities are pivoting, aligning projects with objectives and fostering private sector collaboration, alongside evolving PIF delivery structures. 

“These strategic shifts and evolving market fundamentals are crucial for long-term market stabilization and will drive a focus on premium assets,” Al-Sulaimani said, adding that easing construction costs is fundamentally reshaping the market. 

The firm noted that branded residences — once tied mainly to hospitality — are increasingly co-developed with lifestyle, automotive, and fashion brands. The segment’s supply is expected to rise from 400 units to 1,400.

Faris Maqdah, director of Strategic Consulting at JLL, said: “Jeddah’s branded residential sector is experiencing notable development, with around 1,000 branded residential units planned for delivery by 2030.” 

He added: “Market interest in these developments continues to evolve, with success dependent on developers delivering the right product-price combination that balances quality and service standards with affordability considerations.” 

Retail expansion is also on the rise, with 310,000 sq. meters of new gross leasable area expected in 2025 — an increase of more than 10 percent from current stock. 

These developments are increasingly integrated into mixed-use projects that cater to evolving consumer preferences.  

“The retail landscape is also undergoing significant transformation, driven by consumer demand for convenience and integrated lifestyle offerings,” Maqdah added.  

“These developments present compelling opportunities for developers and investors to meet Jeddah’s evolving demographic preferences and activate new micro-clusters that enhance the end-user experience,” he added. 

Hospitality growth remains strong, with a 6 percent compound annual growth rate from 2020 to 2025.  

According to Sarah Gasim, senior vice president and head of hotels at JLL , the upcoming FIFA World Cup 2034 — where is the confirmed host — is expected to further accelerate development.  

“Strategic preparations are already underway, with lessons drawn from the Qatar World Cup’s impact on regional infrastructure and hospitality sectors,” she noted. 

JLL also highlighted the city’s resilient office market, where tight supply of Grade A space continues to support rental growth and drive a “flight to quality.” 


Closing Bell: Saudi main index rises to close at 11,619


Closing Bell: Saudi main index rises to close at 11,619

Updated 27 October 2025

Closing Bell: Saudi main index rises to close at 11,619


Closing Bell: Saudi main index rises to close at 11,619


RIYADH: ’s Tadawul All Share Index gained 26.37 points, or 0.23 percent, on Monday to close at 11,619.82, with total trading turnover reaching SR5.35 billion ($1.42 billion). Of the stocks, 100 advanced while 150 retreated.

In contrast, the Kingdom’s parallel market, Nomu, fell 216.48 points, or 0.86 percent, to close at 24,822.88, with 37 stocks rising and 47 declining. The MSCI Tadawul Index rose 3.06 points, or 0.2 percent, to finish at 1,511.49.

Rasan Information Technology Co. was the day’s best performer, jumping 6.39 percent to SR109.90. The company also reported interim results for the nine months ending Sept. 30, posting a net profit of SR157.3 million, up 186 percent from the same period last year.

The increase was driven by strong revenue growth, higher gross and operating margins, improved operational efficiency, and optimized contract-related procedures.

Other top performers included Saudi Kayan Petrochemical Co., which rose 5.69 percent to SR6.13 despite reporting a net loss of SR1.6 billion for the first nine months, widening from SR1.1 billion a year earlier due to lower average selling prices, and Maharah Human Resources Co., which gained 5.07 percent to SR5.60.

Among the biggest decliners, Saudi Industrial Development Co. fell 3.04 percent to SR33.20, while Alkhorayef Water and Power Technologies Co. lost 2.91 percent to SR150.00, and LIVA Insurance Co. dropped 2.82 percent to SR13.79.

Meanwhile, Saudi Ceramic Co. reported a net profit of SR140 million for the first nine months of 2025, a 1,414 percent increase from the same period last year, largely due to an insurance compensation of SR120 million and a SR55.7 million rise in gross profit supported by higher sales and improved margins. Despite this, the stock ended the session slightly lower at SR31.30, down 0.39 percent.