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Saudi Arabia’s Visionary Participation At The World Economic Forum 2024 in DAVOS

Chaired by Prince Faisal bin Farhan bin Abdullah, the Saudi Arabian delegation, comprising prominent leaders and ministers, will participate in the 54th World Economic Forum Annual Meeting in Davos, Switzerland, from January 15 to 19, 2024. 

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

This year’s theme, “Rebuilding Trust,” resonates with the current global challenges in humanitarian, climate, social, and economic sectors​​​​.

The Saudi Delegation at DAVOS 2024

The Saudi delegation is set to engage in substantive discussions to advance global collaboration, drive economic resilience, and foster sustainable resource security. 

A significant focus will be on human-centric innovation and the impact of emerging technologies on policy and decision-making processes.

 By highlighting the social and economic progress under the Saudi Vision 2030, the delegation intends to showcase the transformative strides the Kingdom has made in various fields​​.

Spotlight on Economic Competitiveness and Investment

At the forefront of their agenda, the delegation will share insights on enhancing Saudi Arabia’s attractiveness as a private and foreign investment destination. 

They will also discuss the best practices and solutions developed by the Kingdom to strengthen its economy and achieve financial sustainability. 

These strategies are aligned with Saudi Arabia’s objectives for economic diversification and sustainable growth under the Saudi Vision 2030 framework​​​​.

Fostering Public-Private Partnerships

A pivotal part of the forum will involve discussions on enhancing cooperation between the public and private sectors. 

This includes exploring future opportunities and reviewing developments within various economic and development sectors, all within the framework of international cooperation and joint work between governments and various institutions​​.

Additional Perspectives and Sessions at WEF 2024

The World Economic Forum 2024 will also host various sessions on global issues. 

These include discussions on the global financial system, strategies for mitigating climate-related health risks, and the impact of women in political leadership. 

Moreover, there will be a focus on accelerating nature-positive policies for cities and exploring the potential of generative artificial intelligence and cryogenic technology for a sustainable future​​.

Looking Ahead: Saudi Arabia’s Pivotal Role

saudi davos 2024

Saudi Arabia’s participation in the World Economic Forum 2024 is a testament to its growing role on the global stage. 

The delegation’s agenda reflects the Kingdom’s commitment to addressing era-defining challenges and pursuing innovation and sustainable growth. 

The forum presents an opportunity for Saudi Arabia to share its experiences and engage in meaningful dialogues that shape the future of global economic and policy landscapes.

Keep Reading: Over 200 Firms Establish Regional Headquarters in Saudi Arabia To Compete For Government Contracts

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