The Kingdom Concludes Its Participation in WEF AM 2024 With Announcement to Host WEF Particular Assembly in Riyadh

januari 21, 2024

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DAVOS, Switzerland — A high-level delegation from the Kingdom of Saudi Arabia has concluded its participation within the World Financial Discussion board (WEF) Annual Assembly 2024, culminating in an announcement that Riyadh will host a WEF Particular Assembly on international cooperation, progress and vitality, between 28-29 April 2024.

From 15-19 January, the Saudi delegation, Chaired by HH Prince Faisal bin Farhan bin Abdullah, Minister of Overseas Affairs, participated in crucial dialogues, bilateral and multilateral conferences to form options to international challenges and construct the foundations for a extra linked, resilient and thriving future.

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The delegation included HRH Princess Reema bint Bandar AlSaud, Ambassador of the Custodian of the Two Holy Mosques to the USA of America; HE Dr. Majid Alkassabi, Minister of Commerce; HE Adel Aljubeir, Minister of State for Overseas Affairs, Member of the Council of Ministers, and Envoy for Local weather; HE Khalid Al Falih, Minister of Funding; HE Mohammed Aljadaan, Minister of Finance; HE Abdullah Alswaha, Minister of Communications and Info Expertise; HE Bandar Alkhorayef, Minister of Trade and Mineral Sources; and HE Faisal Alibrahim, Minister of Financial system and Planning.

A number of the spotlight classes wherein the delegates participated included: ‘Securing an Insecure World’; ‘Frictionless Providers’; ‘Gulf Economies: All In’; ‘Regulating Non-Banks’; ‘Daring Steps for a Sustainable MENA’; ‘Resilience: What It Means and What to Do About It’; ‘Provide Chains of the Future’; ‘Traders of First Resort: Authorities Inc.’; ‘The Way forward for Banking and Expertise in Saudi Arabia: What it Means for Traders’; ‘MENA’s Financial Dilemma: Reforms Amid Uncertainty’; and a particular WEF panel session on ‘Saudi Arabia: The Course Forward’, which targeted on the Kingdom’s main position in selling peace, safety and prosperity within the Center East.

The Kingdom’s delegation additionally launched the Saudi Home: Daring Visions Collection, which convened change-makers, policymakers, and innovators to have interaction in dialogues targeted on the options wanted throughout key areas of financial improvement together with the blue financial system, tourism and know-how investments.

The WEF Particular Assembly in Riyadh is a part of a landmark settlement between Saudi Arabia and the Discussion board, set to convene greater than 700 international leaders the private and non-private sector, worldwide organizations, NGOs, academia and civil society to foster dialogues between international locations in direction of reviving worldwide cooperation.

On Thursday 18^th of January, the Kingdom signed two agreements with WEF’s innovation platform UpLink to catalyze revolutionary international options to immediately’s most urgent environmental and sustainability challenges. The 2 agreements intention to foster innovation ecosystems round early-stage influence entrepreneurs to stimulate investments and help for breakthrough options that deal with crucial sustainable improvement challenges together with ocean degradation, biodiversity loss, and the round carbon financial system.

One other Memorandum of Understanding (MOU) was signed to reinforce cooperation between the Kingdom of Saudi Arabia and the Organisation for Financial Co-operation and Improvement (OECD). The settlement focuses on a variety of public coverage initiatives in areas together with the financial system, company governance and sustainability.

*Supply: AETOSWire

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