Saudi Arabia: Royal Commission for AlUla highlights region's growing investment potential
The Royal
Commission for AlUla (RCU) is participating in the ninth edition of
the Future Investment
Initiative (FII9), taking place in Riyadh from October 27 to 30, to
showcase its long-term vision for AlUla’s development and highlight the
region’s growing investment potential.
Held under the theme “Key
to Prosperity: Unlocking New Frontiers of Growth,” FII9 serves as a
premier global platform that brings together world leaders, investors, and
innovators to explore new avenues for economic progress.
Advancing AlUla’s comprehensive development
strategy
During the event, RCU is unveiling its comprehensive
development program — a roadmap designed to diversify AlUla’s economy, enhance
infrastructure, and strengthen its position as a leading international
destination for heritage, nature, culture, and tourism.
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The program encompasses initiatives in urban
planning, sustainable infrastructure, advanced transportation, healthcare,
education, and community well-being, alongside projects promoting growth in agriculture,
arts, sports, and innovation.
In line with Saudi
Vision 2030, RCU continues to prioritize environmental preservation
and cultural heritage protection, with efforts focused on restoring ecosystems,
promoting sustainable tourism, and empowering local communities.
As part of its participation at FII9, the
commission will also announce strategic agreements with private-sector partners
and international institutions aimed at accelerating AlUla’s transformation
into a model of sustainable development and global collaboration.
FII9: A global platform for innovation and
investment
Opening the forum, Yasir
Al-Rumayyan, Governor of the Public
Investment Fund (PIF) and Chairman of the FII Institute, highlighted
the initiative’s remarkable impact, noting that more than $250 billion in deals
have been facilitated since its inception less than a decade ago.
This year’s conference has attracted a record
9,000 delegates, including heads of state, senior executives, investors, and
global thought leaders. Richard Attias, Acting CEO and Executive Committee
Chairman of the FII Institute, emphasized that FII9 reflects a renewed spirit
of global collaboration, with a focus on bold advances in health, artificial
intelligence, and human development.
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He described the initiative as a “movement for
collective action,” underscoring that its success depends on the creativity and
courage of its participants.
Through its presence at FII9, the Royal
Commission for AlUla reaffirms its role as a catalyst for sustainable tourism,
cultural innovation, and economic opportunity, advancing the Kingdom’s broader
goals of diversification and global partnership.
Source: Economy Middle East
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