WEF Announces First Special Meeting In Riyadh With Global Cooperation Agenda

Short Url

Updated 18 January 2024

DAVOS: A special meeting hosted by Saudi Arabia and the World Economic Forum was announced by the country’s economy minister alongside the forum’s president on Thursday.

“In April, the Kingdom of Saudi Arabia will be hosting, they will have a special meeting that will focus on global collaborations, growth and energy. Riyadh in the Kingdom is becoming the capital for growth on a lot of fields and a lot of sectors, but also a global thought leadership capital,” Saudi Economy Minister Faisal Al-Ibrahim told listeners at the “Saudi Arabia: The Course Ahead” panel.

WEF President Borge Brende added to Al-Ibrahim’s comments, saying: “Global cooperation could not be more relevant. Then we look at growth, we have to revive growth under the trend growth. And then we also look at energy for development, as also, the head of the World Bank actually mentioned, there are 600 to 700 million people on the planet that don’t even have any kind of access to electricity.

 

“So we have to square the circle. Decoupling, but also securing energy. All this will happen in Riyadh the 28th and 29th of April, and big thanks to the Saudi delegation and to your leadership, and we’re looking forward to the meeting,” he said.

The session will be the first special meeting hosted by the WEF outside of the winter and summer Davos forums.

"); googletag.cmd.push(function() { googletag.display('div-gpt-ad-3341368-4'); }); }

"); googletag.cmd.push(function() { googletag.display('div-gpt-ad-3341368-5'); }); }

RECENT NEWS

Saudi Arabia, BlackRock Explore Collaborative Opportunities To Advance Vision 2030 Goals

RIYADH: A meeting between Saudi Arabia’s economy minister and the vice chairman of BlackRock focused on global economi... Read more

Saudi Arabias E-commerce Sector Sees 10% Growth, Official Figures Reveal

RIYADH: Saudi Arabia’s e-commerce sector saw its upward momentum continue in the fourth quarter of 2024, with 40,953 b... Read more

Saudi Aramco Increases February Oil Prices For Asia

RIYADH: Saudi Aramco has raised its crude oil prices for Asian customers in February, marking the first increase in thre... Read more

Jordans Total FDI Reaches $1.3bn, Reflecting Strong Investor Confidence 

RIYADH: Jordan’s foreign direct investment inflows rose 3.7 percent year on year in the third quarter of 2024, reachin... Read more

Oil Updates — Prices Hold At Three-month High On Stronger Demand

LONDON: Oil prices rose on Monday, remaining at their highest since mid-October as colder weather spurred buying while f... Read more

Lucid Beats Estimates For EV Deliveries As Price Cuts, Cheaper Financing Spur Demand

LONDON: Lucid Group beat expectations for quarterly deliveries on Monday, as the Saudi Arabia-backed maker of luxury ele... Read more