The Future Investment Initiative conference commenced in Riyadh on Tuesday, with both local and foreign businessmen emphasizing the significance of seizing the opportunity to promote international alliances and formulate strategies that would mold the economy of the future.
The Future Investment Initiative, according to CEO of Skytower Eric Fang in an interview with Asharq Al-Awsat, will center on the effects of investments on humanity. It is an interactive program meant to assist investors in resetting the course of their businesses and the global economy while creating fresh approaches to meet the opportunities and challenges of the coming era.
Fang underlined the importance of exploring new markets and pushing the bounds of economic expansion while upholding social, political, and environmental norms. He emphasized the significance of green development including infrastructure, industry, manufacturing, supply chain and natural mineral resources, to be based on strong governance in order to achieve a positive impact on humanity.
He continued, “A vision of adding value by creating a place to showcase ways to reduce carbon pollution through re-engineering pollution from manufacturing, transportation, power generation, and construction processes should be included in the conference’s recommendations to address the challenges of economy, investment, and trade.” Fang pointed out that although hydrogen is a very valuable product, its flammability necessitates extensive specific processing. Ammonia is a non-flammable hydrogen carrier because it is made up of two hydrogen atoms and three nitrogen atoms. At the time of burning, hydrogen can also be produced from ammonia.
In this regard, he disclosed that Skytower was working with its regional partners in the special economic zone, like King Abdullah Economic City, to construct a hydrogen industry complex that would be managed by all different types of hydrogen and ammonia technologies and modern manufacturing processes, in line with Saudi Arabia’s endeavor to promote artificial intelligence and robotics.
n this context, he revealed cooperation between Skytower and its local partners in the special economic zone, such as King Abdullah Economic City, to build a hydrogen industry complex to manage all different types of hydrogen and ammonia technologies and modern manufacturing processes, in line with Saudi Arabia’s endeavor to promote artificial intelligence and robotics.
Chairman of the Saudi Excellence Holding Company Abdullah bin Zaid Al-Meleihi told Asharq Al-Awsat that the conference, in its seventh edition, was a global opportunity that would attract Saudi, American and Chinese investments.
Al-Meleihi, who is the Saudi partner in Skytower Investment Company, the fruit of the Saudi-American-Chinese green energy alliance, said that the rapid development of Saudi Arabia has become a measure of global evolution and a model for future development plans.