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Saudi Arabia reaffirms its commitment to reduce global gaps, drive energy transition and inclusive economic growth at WEF23


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RIYADH, Saudi Arabia–(BUSINESS WIRE)–Saudi Arabia reiterated its commitment to building bridges across geopolitical and economic divides at the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerland last week.

His Highness Prince Faisal bin Farhan Al Saud, Foreign Minister, led the Saudi delegation of nine ministers and high-level officials, telling the world that geopolitical stability is key to energy security and that the Kingdom has “ become the meeting place between East and West.”

During the week, Saudi Arabia hosted a dialogue titled “Towards a Resilient Urban Resources Nexus”, with key international public and private sector stakeholders from regional and global organizations who discussed the sustainability of cities of the future.

HRH Prince Faisal, HRH Princess Reema, His Excellency Alswaha, His Excellency Alkhorayef and His Excellency Alibrahim participated in a multilateral meeting with WEF leaders Klaus Schwab, Founder and Executive Chairman, and Børge Brende, President, to explore areas of mutual interest. interest.

During the meeting, His Excellency Alswaha, Chairman of the King Abdulaziz City Board for Science and Technology (KACST) and Chairman of the Board of the Research, Development and Innovation Authority (RDIA) and Brende, signed a Letter of Intent (LoI) to establish a new accelerator program to help drive innovation in Saudi Arabia.

Saudi delegates highlighted the Kingdom’s role as a Pioneer Partner in the Forum’s Global Collaboration Village, which will harness the Metaverse to serve the global community.

Separately, the Ministry of Investment, in coordination with the Ministry of Energy and the Ministry of Industry and Mineral Resources, organized a high-level dialogue for executives from the energy, petrochemical and mining sectors to discuss the impact of the energy transition, the role of the petrochemical industries and the investments needed to reach net zero by 2060.

Meanwhile, Saudi Arabia’s Ministry of Economy and Planning, in collaboration with the World Economic Forum’s open innovation platform UpLink, launched a challenge to seek transformative crowdsourced solutions to secure local food in countries affected by food shortages. rainfall, drought and desertification.

The Food Ecosystems and Arid Climates Challenge is a global call for food entrepreneurs, start-ups, social enterprises and SMEs to present solutions that incorporate low or high technologies or ancestral responses.

Also during the week, Saudi Arabia, represented by the Ministry of Economy and Planning, joined the WEF Jobs Consortium, a coalition of CEOs, IOs, ministers and other leaders with the common goal of promoting a better future of work for all by enabling job. Job creation and transitions.

The Saudi Arabian delegation also participated in a wide range of bilateral meetings, dialogues with world leaders, ministers and CEOs and, for the first time, public panel sessions as part of the WEF Open Forum. These included discussions with high-level representatives of the public and private sectors from various countries and were an opportunity to share the vision of the Kingdom while exploring possible partnerships and areas of collaboration.

*Font: AETOSWire

wauod rented

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Source: Ministry of Economy and Planning of Saudi Arabia

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