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Buhari arrives Saudi Arabia for Future Investment Initiative Summit

Oct 29, 2019 | The Newsroom
Buhari arrives Saudi Arabia for Future Investment Initiative Summit

President Muhammadu Buhari on Monday arrived Riyadh, Saudi Arabia, ahead of the third edition of the Future Investment Initiative (FII) Summit slated for between October 29 and October 31.

The Presidential Aircraft conveying the President and some members of his entourage landed at King Khalid International Airport at 10.02 p.m (Local Time) with the temperature out at 29 degrees centigrade.

The Nigerian leader was welcomed at the airport by the Governor of Riyadh Province, Faisal bin Bandar Al Saud, other Saudi Government Officials, the Nigerian Ambassador to Saudi Arabia, Muhammadu Dodo, as well as leadership of the Nigerian Community in Saudi Arabia.

An earlier statement by Femi Adesina, the President’s Spokesman, on Monday, revealed that on the sideline of the FII summit, Buhari would hold bilateral talks with His Majesty, King Salman of the Kingdom of Saudi Arabia and His Majesty, King Abdullah ll of Jordan.

Adesina stated that the President would participate in High Level Event titled “What is Next for Africa: How will Investment and Trade Transform the Continent into the Next Great Economic Success Story?” with Presidents of Kenya, Congo-Brazzaville and Burkina Faso on Wednesday, October 30.

The FII is an international platform for expert-led debate between global leaders, investors and innovators with the power to shape the future of global investment.

It is focused on utilising investment to drive growth opportunities, enable innovation and disruptive technologies, and address global challenges.​

World leaders, investors and innovators will explore the opportunities, trends and challenges shaping the global investment landscape.

In its third consecutive year, attendees will continue to discuss the role of companies, governments and global institutions in working together to achieve prosperity and growth in the long term.

The Conference will be held under the patronage of King Salman bin Abdulaziz and chaired by Crown Prince, Mohammed bin Salman bin Abdulaziz.

In 2018, deals signed at the forum reached a total value of 56 billion dollars with American companies, accounting for most of the deals signed, according to Saudi Energy Minister, Khalid Al-Falih.

At the end of the Summit, Buhari will on Saturday, November 2, proceed to the United Kingdom on a private visit.

The President is accompanied by Governors Babagana Zulum of Borno, Abubakar Bagudu of Kebbi and Aminu Masari of Katsina.

Also on the entourage are Minister of State, Foreign Affairs, Zubairu Dada, Minister of Industry, Trade and Investment, Niyi Adebayo, Minister of State, Petroleum Resources, Timipre Sylva and Minister of Communications, Ibrahim Pantami.

Others include the National Security Adviser, Babagana Monguno, Director-General, National Intelligence Agency, Ahmed Rufa’i Abubakar, and the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari.

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