Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, laid emphasis on the role of sustainable innovation in the Kingdom’s journey towards achieving healthcare transformation, at the Future Investment Initiative (FII) that took place in Riyadh from 29th-31st October 2019.
As part of Philips’ commitment to make the world healthier and more sustainable through innovation, the company aims to address pressing societal issues with a focus on the United Nation’s Sustainable Development Goals, including the goal to ensure healthy lives and promote well-being for all at all ages.
FII brought together decision makers, leading investors and global experts to explore future economic trends and discuss how investment in advanced technologies can help transform Saudi Arabia into an economic powerhouse. In line with this, Frans van Houten, CEO of Royal Philips was a panelist in a session titled “Solving the unsolvable: How investors and entrepreneurs can advance deep tech” on Wednesday, October 30th. The session was moderated by Charles-Edouard Bouée, Senior Advisor for Roland Berger, in Germany, and also hosted other industry leaders such as Patrice Caine, CEO of Thales Group in France, Dr. Hong Chen, Chairman & CEO of The Hina Group in China, Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners in the United States, Masayoshi Son, the Founder & CEO of Softbank, in Japan, Dr. Kai Yu, Founder and CEO of Horizon Robotics in the United States and Ian Zhu, Managing partner of NIO Capital in China. The session put the spotlight on private-public sector collaborations to drive investments in technologies such as artificial intelligence and blockchain, which can redefine markets and industries to amplify growth opportunities.