The FII Institute is investing USD 500,000 in Seafood Souq.
Future Investment Initiative Institute to Invest USD 500.000 in Seafood Souq
(UNITED ARAB EMIRATES, 10/28/2022)
The second day of the sixth edition of the Future Investment Initiative (FII) saw the successful auction of the largest-ever carbon credit sale, major announcements, the signing of key deals, and stimulating discussions about a range of trending topics.
The Saudi Public Investment Fund (PIF) and Tadawul Group announced the results of the VCM carbon marketplace to accelerate the transition to a carbon neutral future, which is integral to Saudi Arabia's efforts to achieve net-zero goals by 2060. Fifteen Saudi and regional entities took part in the largest-ever carbon credit sale, and credits were purchased by companies including Aramco, Olayan Financing Company and Saudi Arabian Mining Company.
Moreover, PIF announced that it will establish five companies aimed at investing in the Kingdom of Bahrain, the Republic of Iraq, the Hashemite Kingdom of Jordan, the Sultanate of Oman, and the Republic of Sudan. The five companies aim to invest up to a total of USD 24 billion in opportunities across various key sectors in each market.
Seafood Souq's digital ecosystem allows you to order seafood from anywhere in the world with full supply chain traceability.
The FII Institute also announced investments in two innovative tech solutions designed to drive sustainability in agriculture and fishing. The first is a GBP 500,000 investment in Dogtooth Technologies, a UK-based tech start-up that develops and sells autonomous fruit picking robots, helping to reduce crop wastage and cut CO2 emissions arising from fruit production.
The FII Institute is also investing USD 500,000 in Seafood Souq, featured in the United Nations Ocean Decade Special edition. Seafood Souq is a technology company offering a vertically integrated digital solution for global seafood trade, traceability and financing in support of the Blue transformation.
Seafood Souq has created a digital product in support of the United Nations Sustainable Development Goals that provides certified traceability for seafood imports.
In addition, the Institute launched its new exclusive Membership Program, giving global investors and change makers a chance to join its growing community. The FII Institute Membership Program will provide members with exclusive access to its knowledge platform, which includes a wide range of reports and world-leading research from global universities and organizations.
Moreover, it announced the launch of the 'Algoritmi Prize' with support from global research publisher Springer Nature. The annual science and technology prize will celebrate artificial intelligence (AI) and robotics research that has the potential to produce real-world solutions that address global challenges.
Seafood Souq's SFS Trace is a tool for your customers to see that your seafood is high quality, fresh, responsibly sourced, good for their health and #discoverthejourney from sea to plate.
About Seafood Souq
Seafood Souq's mission is to solve the biggest problems in the seafood industry by creating an efficient, resilient and transparent supply chain; tackling fraud and the exploitation of our oceans
The company's digital ecosystem allows you to order seafood from anywhere in the world with full supply chain traceability. The company has created a more efficient supply chain, simplified the RFQ process and provide you with full supply chain traceability.
1 in 5 seafood products are mislabelled globally, these can be endangered species, not fit for consumption, or not responsibly sourced. Every order comes with Seafood Souq's certified traceability technology, SFS Trace giving you complete transparency from source.
About FII Institute
The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and committed to Environmental, Social and Governance (ESG) principles, FII fosters great minds from around the world and turn ideas into real-world solutions in five critical areas: Artificial Intelligence (AI) and Robotics, Education, Healthcare and Sustainability.
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