Davos — Saudi Arabia’s delegation has concluded its participation in the World Economic Forum 2022. The event took place in Davos, Switzerland, from May 22 to 26, 2022.
The Kingdom’s delegation participated in multiple public and private dialogue sessions. Minister of State Dr. Ibrahim Bin Abdulaziz Al-Assaf led the Saudi delegation.
The 2022 edition of the Forum was the first since the COVID-19 outbreak. It hosted more than 2,500 decision-makers and state and business leaders.
The Forum plays a pivotal role in promoting the convergence of viewpoints and reading the global situation.
The dialogue sessions dealt with challenges of growth imposed by the post-COVID-19 pandemic.
The geopolitical risks and lack of global supply security were dealt with, along with possible solutions to resolve these.
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The Forum provided a platform to convey the Kingdom’s vision for world issues addressed by the Forum. It highlighted the Kingdom’s efforts in addressing local and international obligations.
The Saudi delegation appraised the Forum of developments in the Kingdom for developing its business environment.
The diversification of the economy and sources of income. The efforts to further social and economic empowerment significantly grow women’s participation in the job market.
The delegation presented Saudi Arabia’s vision for developing a capable cadre of a talented workforce. The adoption of smart technology and the Fourth Industrial Revolution.
While discussing tourism, the delegation highlighted the Kingdom’s qualitative achievement endorsed by the Travel and Tourism Development Index (TTDI). The Kingdom moved up to the 33rd place globally.
The Kingdom, to consolidate its efforts for international cooperation, signed several agreements with the World Economic Forum.
The World Economic Forum is an international non-profit organization that encourages the global development of business, policies, and scientific research.
Professor Klaus Schwab founded the Forum in 1971 in Switzerland and now has regional offices in multiple international cities.