Riyadh – Sharikat Mubasher: The Future Investment Initiative (FII) Institute, organizer of Saudi Arabia’s flagship investment conference, will host the FII Priority Asia Summit in Tokyo from 30 November to 1 December as the Kingdom seeks to strengthen ties with Japan’s financial sector.

The event, often referred to as “Davos in the desert,” is expected to draw top Japanese banks including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group, alongside officials from both governments and Saudi Arabia’s $1 trillion Public Investment Fund (PIF), as reported by Bloomberg.

The Tokyo summit will follow the main FII gathering in Riyadh a month earlier and marks the Institute’s second event in Asia. It comes amid rising Japanese investment in Saudi Arabia, with PIF signing $51 billion in agreements with Japanese institutions at last year’s forum and launching the first Saudi-linked ETFs in Tokyo.

The move reflects Saudi Arabia’s push to deepen Asian financial partnerships as it accelerates economic diversification under Vision 2030.