RIYADH, Oct. 15 (Xinhua) -- Saudi Arabia announced Tuesday that the 8th edition of the Future Investment Initiative (FII) to be held in Riyadh in October is expected to generate 28 billion U.S. dollars in deals.

FII Institute CEO Richard Attias made the announcement during a press conference, noting that the event will function as a conduit for communication among entrepreneurs and startups from across the globe