In a major announcement, the Kingdom of Saudi Arabia is gearing up to host a pivotal World Economic Forum (WEF) Special Meeting in Riyadh on April 28-29, 2024. This extraordinary event, focusing on global cooperation, growth, and energy, was unveiled by His Excellency Faisal F. Alibrahim, Minister of Economy and Planning, and Børge Brende, World Economic Forum President, during the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland.
the World Economic ForumSpecial Meeting
Minister of Economy and Planning HE @falibrahim announces that Saudi Arabia will host a @wef Special Meeting in Riyadh in April this year, which will focus on global collaboration, growth and energy.#SaudiAtDavos #WEF24 pic.twitter.com/YxBro0mQsi
— ????? ???????? ???????? (@MEPSaudi) January 18, 2024
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The Special Meeting is a result of a landmark agreement between Saudi Arabia and the World Economic Forum. Over 700 global leaders from diverse sectors, including the public and private sector, international organizations, non-governmental organizations (NGOs), academia, and civil society, are expected to convene. The primary goal is to foster dialogues that rekindle international cooperation and address contemporary challenges to global growth and development.
Riyadh: A Global Hub for Progress
His Excellency Alibrahim highlighted Riyadh’s growing stature as a global hub for progress and thought leadership. “The WEF Special Meeting in Riyadh will focus on global collaboration, growth, and energy,” he stated. This new platform is envisioned to enable the World Economic Forum, the Kingdom, and global partners to engage in cooperative dialogues and find effective solutions to the challenges at hand.
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Bridging Divides through Impactful Partnerships
Børge Brende, President of the World Economic Forum, emphasized the event’s significance at a time of increasing divides between developed and emerging economies. He stressed the need to identify shared interests and cultivate impactful partnerships. Saudi Arabia, as a critical player in the world’s economies, is uniquely positioned to facilitate cooperation between developed and developing markets, assisting them in achieving long-term commerce, energy, and finance goals.
Riyadh: A Strategic Host City
The selection of Riyadh as the host city holds strategic significance. As the capital of the largest economy in the Middle East and a pivotal hub connecting Asia, Africa, and Europe, Riyadh serves as a midpoint between the Global South and the Global North. The WEF Special Meeting in Riyadh is anticipated to provide a platform for global leaders to assess current challenges and propose transformative ideas, aiming for a positive global impact.
Building on Past Success: G20 Presidency
This collaboration builds on Saudi Arabia’s successful presidency of the G20 in 2020. It underscores the enduring partnership between the Kingdom and the World Economic Forum, affirming Saudi Arabia’s commitment to shaping the future agenda, fostering international cooperation, and addressing global challenges on a broader scale.
As anticipation builds for this gathering of influential minds, the WEF Special Meeting in Riyadh is poised to make a lasting impact on global economic cooperation and growth. Stay tuned for updates on this landmark event that seeks to shape the trajectory of international collaboration for years to come.
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