World Leaders attend Saudi investment forum, deals with technology and global wealth disparity

Leaders of world nations gathered for an annual investment forum in Riyadh on Tuesday. The forum will primarily deal with technology, global wealth disparities, and central bank policy.

“Today we have more than 6,000 executives and participants attending, this is more than double the first FII,” Yassir al-Rumayyan, governor of Saudi wealth fund Public Investment Fund said.

The annual forum started in 2017 to present alternative investments aside from oil.

Rumayyan joined a panel that tackled challenges in the global economy highlighted by disruptive use of technology, wealth gaps and lack of effective central bank tools in the face of a global economic slowdown. The panel was comprised of Noel Quinn, CEO of HSBC Group, Stephen Schwarzman, Blackstone Group CEO, and John Waldron, Goldman Sachs Group CEO.

The investment forum is also attended by Brazil President Jair Bosonaro, India’s Prime Minister Narendra Modi, U.S. Treasury Secretary Steven Mnuchin and U.S. senior adviser Jared Kushner.

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