World Economic Forum’s Two-Day Special Meeting Begins in Riyadh

Riyadh [Saudi Arabia], April 28: Against a backdrop of geopolitical complexities and economic uncertainties, the World Economic Forum's Special Meeting on Global Collaboration, Growth, and Energy for Development kicks off today, drawing 1,000 global leaders from 92 nations for a two-day intensive session aimed at fostering dialogue and crafting sustainable solutions to pressing global challenges.

Themes and Objectives of World Economic Forum Riyadh meeting:

The meeting is structured around three key themes: revitalizing global collaboration, fostering inclusive growth, and driving action on energy for development. It aims to build upon the momentum generated by the inaugural Growth Summit held in Switzerland last year, focusing on forward-looking strategies to address interconnected crises while acknowledging the need for pragmatic short-term trade-offs.

Three Key Themes for Action

The Special Meeting focuses on three core themes:

1. Revitalizing Global Collaboration: This theme emphasizes the importance of breaking down barriers between nations and fostering international cooperation to address global challenges.

2. A Compact for Inclusive Growth: The forum will explore ways to achieve economic growth that benefits everyone, not just a select few. Closing the gap between developed and developing nations will be a key focus.

3. Catalyzing Action on Energy for Development: A sustainable energy future is vital for economic growth and environmental protection. The meeting will explore solutions for promoting clean energy access and accelerating the energy transition.

Addressing Global Divides:

In a pre-event release, the World Economic Forum underscored its commitment to bridging the widening North-South gap on critical issues such as emerging economic policies, the energy transition, and geopolitical disruptions. Borge Brende, President of the World Economic Forum, emphasized the urgency of international collaboration in the face of deepening geopolitical tensions and socio-economic disparities.

Saudi Arabia's Commitment:

Faisal F. Alibrahim, Minister of Economy and Planning of Saudi Arabia, highlighted the Kingdom's dedication to leveraging its diplomatic influence to foster a mutually beneficial path to global prosperity. Saudi Arabia sees itself as a catalyst for constructive dialogue and action, aiming to ensure that progress in one part of the world does not come at the expense of another.

Participants and Patronage:

Over 220 public figures from more than 60 countries are slated to participate in the special meeting, held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of Saudi Arabia. The event serves as a platform for leaders from diverse sectors and regions to collaborate on shaping a secure, stable, and sustainable future.

Conclusion:

As the world grapples with multifaceted challenges, the World Economic Forum's special meeting in Riyadh provides a critical forum for global leaders to engage in purposeful dialogue and concerted action. By fostering collaboration and innovation, the meeting aims to chart a course towards a more resilient and equitable world. Stay tuned for updates as discussions unfold and actionable solutions emerge.