$17.9 bln investments pumped in FII

The 7th edition of the Future Investment Initiative (FII7) unveiled nearly $17.9 billion investments in various sectors.

These investments included the partnership announced between the Public Investment Fund (PIF) and Pirelli Tyre S.P.A. (Pirelli) to build a tire manufacturing facility in Saudi Arabia. Tadawul-listed ACWA Power also sealed an agreement with the European Bank for Reconstruction and Development (EBRD) and the OPEC Fund for International Development (the OPEC Fund) to support the 240 MW wind power project in Azerbaijan.

The FII Institute unveiled its Inclusive ESG Tool and Score, a significant initiative aimed at enhancing data quality on ESG in emerging markets. Developed in partnership with ESG Book, a leader in sustainability data and technology, the tool empowers companies to improve sustainability efforts, aids investors in identifying performance leaders, and fosters financial flows.

Source: Argaam