Saudi Arabia’s Future Investment Initiative forum heads to Tokyo

Saudi Arabia’s flagship business forum, the Future Investment Initiative, is expanding its global reach with a conference in Tokyo.

The FII Priority Asia Summit is slated for Nov. 30 to Dec. 1, and represents a strategic move by the kingdom to strengthen partnerships with key Japanese financial institutions, Nikkei Asia reports.

Major players such as Mitsubishi UFJ Financial Group and Sumitomo Mitsui are expected to attend the event, which is often referred to as “Davos in the desert.”

The FII Institute, founded by Saudi Arabia’s Public Investment Fund, has also sponsored conferences in Hong Kong, Rio de Janeiro and Miami, where U.S. President Donald Trump spoke in February.