The GCC Journal

Capital in Motion: The Deals and Signals from FII Priority Miami 2026

Gulf sovereign capital met Latin American ambition and American enterprise at Miami Beach, with billions in deals signed against a backdrop of geopolitical uncertainty

The fourth edition of FII Priority Miami wrapped up on March 27 at the Faena Hotel in Miami Beach, bringing together more than 2,000 leaders from across the Americas, Europe, Africa, and Asia under the theme “Capital in Motion.” Over three days, the summit served as a stage for major deal announcements, new investment frameworks, and candid conversations about where long-term capital is headed in a world shaped by geopolitical disruption, AI acceleration, and the energy transition.

Launched in Riyadh in 2017 by the Public Investment Fund, the Future Investment Initiative has evolved into a global platform, with its Miami edition increasingly focused on the intersection of Gulf sovereign capital, Latin American opportunity, and US enterprise. This year, that triangular dynamic was more visible than ever, with senior Saudi institutional figures including PIF Governor Yasir Al-Rumayyan, Saudi Finance Minister Mohammed Al-Jadaan, and Ambassador Princess Reema bint Bandar leading a large Kingdom delegation.

Here are the key deals, announcements, and themes that defined the summit.

HUMAIN and Turing Partner on AI Agent Marketplace

PIF’s AI company signs its first US-based customer

HUMAIN, the PIF-backed company at the center of Saudi Arabia’s AI ambitions, announced a strategic partnership with Turing to build what they describe as the world’s first enterprise AI agent marketplace on HUMAIN ONE. The platform will allow organizations to discover, deploy, and scale AI agents across business functions, combining HUMAIN’s infrastructure and model orchestration capabilities with Turing’s expertise in model evaluation, fine-tuning, and deployment.

The deal is significant for two reasons. It marks HUMAIN’s first commercial partnership with a US-based company, signaling the Kingdom’s intent to compete in the global AI infrastructure market rather than simply invest in it. And it positions Saudi sovereign capital as a builder, not just a buyer, in the technology sector.

$1 Billion Hospitality Platform for Saudi Arabia

Patel Family Office and AHQ to develop 50 hotels across the Kingdom

Patel Family Office and AHQ announced a $1 billion hospitality platform to develop 50 hotels across Saudi Arabia. The initiative is designed to support business travel and economic diversification as the Kingdom ramps up its capacity ahead of Expo 2030 Riyadh and the FIFA World Cup 2034, both of which will require a significant expansion of hotel inventory.

Saudi Eksab and BTG Pactual Target Latin America

Framework agreement to build a Latin America-focused alternative investment platform

Saudi Eksab and BTG Pactual, the Brazilian investment bank, signed a framework agreement to create a Latin America-focused alternative investment platform. The deal reflects a growing pattern of Gulf sovereign and semi-sovereign capital flowing toward Latin American markets, a corridor that Miami is increasingly positioned to facilitate.

On the sidelines of the summit, Eksab also signed an agreement with the Inter-American Development Bank Group to advance equity investment in Latin America and the Caribbean. The agreement centers on building a joint pipeline of direct and indirect investment opportunities, initially focused on Central America and the Caribbean, and explores the creation of a co-investment vehicle with potential participation from IDB Invest.

The Capital in Motion Index

A new tool to track how global capital flows across borders, sectors, and technologies

FII Institute CEO Richard Attias announced the launch of the Capital in Motion Index (CMI), a new global initiative designed to track and analyze how strategic capital flows across geographies, sectors, and technologies. The full index will be unveiled at FII 10 in Riyadh from October 26 to 29, 2026.

The CMI is positioned as a decision-making tool for institutional investors and policymakers, offering data-driven clarity on where long-term capital is flowing and what those patterns reveal about global economic direction. Over the past decade, the FII Institute has helped catalyze more than $170 billion in deals through its major international gatherings.

The Themes That Shaped the Conversation

From AI infrastructure to critical minerals, what investors were focused on

Beyond the headline deals, FII Priority Miami surfaced a set of recurring themes that reflect how institutional investors are recalibrating their strategies. AI dominated much of the conversation, with speakers framing it not as a software trend but as an infrastructure buildout that will reshape energy demand, compute capacity, and industrial policy for decades. Energy was treated as inseparable from AI and competitiveness, while the race for critical minerals was positioned as foundational to the energy transition, AI infrastructure, and advanced manufacturing.

Green urban development also featured prominently. New Murabba CEO Michael Dyke framed cities as integrated, long-term investment platforms, noting that the project’s ambition is to build a place where people want to live, work, and play rather than simply assembling a portfolio of individual assets. Aerospace was highlighted as a strategic growth engine, with Bombardier’s CEO projecting that commercial aviation demand will double over the next 20 years.

A recurring thread across sessions was the question of what makes a country “investable” in a more demanding world. The consensus: capital is flowing toward markets that demonstrate policy clarity, execution capability at scale, and alignment between public and private sector priorities. Countries, speakers argued, are increasingly being evaluated the same way companies are.

The Bigger Picture

Gulf capital’s widening orbit

FII Priority Miami 2026 reinforced a pattern that has been building for several years: Gulf sovereign capital is no longer content to invest passively in Western markets. It is building platforms, signing operational partnerships, and creating new investment corridors, particularly into Latin America and the broader Global South. The summit’s location in Miami, the financial gateway to the Western Hemisphere, is itself a signal of how seriously the GCC is pursuing these connections.

The next major gathering in the FII calendar will be FII 10, the flagship annual conference in Riyadh, scheduled for October 26 to 29. If Miami was about where capital is moving, Riyadh will likely be about where it lands.