A high-level Saudi delegation will present to 54th World Economic Forum Annual Meeting in Davos the kingdom’s stance on the era-defining multiple and mounting humanitarian, climate, social and economic challenges. 

 

At a time when confidence in global institutions is falling and global volatility is rising, the Saudi delegation led by Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, will address these challenges by working with the international community to advance substantive global collaboration, drive economic resilience, build sustainable resource security and harness human-centric innovation, while exploring the opportunities offered by emerging technologies and their impact on the policy and decision-making process. 

 

The Saudi delegation to the meeting, from January 15 to 19, 2024 under the theme of ‘Rebuilding Trust’, will also highlight the social and economic progress made within the framework of Saudi Vision 2030, the process of transformation, diversification and development witnessed by the kingdom in various fields, as well the multiple investment opportunities available across the nation’s thriving economy.

 

Kingdom's attractiveness

In light of the kingdom’s increasing economic competitiveness, the Saudi delegation will share its experiences in enhancing the kingdom's attractiveness as a destination for private and foreign investment.

 

The delegation will also review the best practices and solutions developed by the kingdom to enhance the resilience of the economy and achieve financial sustainability, in line with its ambitions for economic diversification and sustainable growth, under Saudi Vision 2030.

 

The kingdom’s delegation includes Princess Reema bint Bandar AlSaud, Ambassador of the Custodian of the Two Holy Mosques to the US; Dr Majid A Alkassabi, Minister of Commerce; Adel A. Aljubeir, Minister of State for Foreign Affairs, Member of the Council of Ministers, and Envoy for Climate; Khalid A. Al Falih, Minister of Investment; Mohammed A. Aljadaan, Minister of Finance; Abdullah A. Alswaha, Minister of Communications and Information Technology; Bandar I. Alkhorayef, Minister of Industry and Mineral Resources; and Faisal F. Alibrahim, Minister of Economy and Planning.

 

The 54th annual meeting of the World Economic Forum will discuss ways to enhance cooperation between the public and private sectors with the aim of exploring future opportunities, reviewing solutions and developments within various economic and development sectors within the framework of international cooperation, and joint work between governments and various institutions. The Forum brings together representatives from more than 100 governments, major international organisations, and more than 1,000 major private sector players, in addition to representatives of civil society and academic institutions.--TradeArabia News Service