---
title: "FII8 closes in Riyadh with $70bn of announced deals"
url: "https://cicadaconsultancy.online/en/news/fii8-riyadh-2024"
language: "en"
event_date: "2024-10-29"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Events"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# FII8 closes in Riyadh with $70bn of announced deals

- Event date: 29 October 2024 (2024-10-29)
- Topic: Events
- In this story: FII, PIF, Google Cloud, Richard Attias
- URL: https://cicadaconsultancy.online/en/news/fii8-riyadh-2024

The eighth Future Investment Initiative ran from 29 to 31 October 2024 in Riyadh, with organizers expecting 7,000 participants and about 520 global CEOs. Before the event, FII chief Richard Attias said deals worth around $28 billion were expected across food, entertainment, renewables, cybersecurity and sports. At the close, the FII Institute said more than 30 announcements worth $70 billion had been made. The forum also hosted the signing of the partnership between PIF and Google Cloud on an AI hub.

## Key figures

- deals announced (per FII Institute): $70 bn
- expected deals (pre-event): $28 bn

## Sources

1. [FII8 Day Three Ends with $70 Billion in Deals Announced](https://www.aap.com.au/aapreleases/cision20241102ae47119) — AAP / Cision (FII Institute press release), 2024-11-02
2. [Deals worth $28bn across various sectors expected at FII8, says Attias](https://www.arabnews.pk/node/2575367) — Arab News Pakistan
3. [Global leaders, experts descend on Riyadh for FII8](https://www.arabnews.pk/business/global-leaders-experts-descend-on-riyadh-for-fii8-2577072) — Arab News Pakistan
4. [PIF and Google Cloud to create advanced AI hub in Saudi Arabia](https://www.googlecloudpresscorner.com/2024-10-30-PIF-and-Google-Cloud-to-create-advanced-AI-hub-in-Saudi-Arabia) — Google Cloud Press Corner, 2024-10-30

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

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Cicada · The signal in Saudi AI.
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