Saudi delegation highlights efforts in societal and economic empowerment within WEF

DAVOS- The Saudi delegation concluded its participation in the activities of the World Economic Forum (WEF) 2022, which was held in Davos, Switzerland, from May 22 to 26, 2022, under the title “History at a turning point: government policies and companies Strategies”.

The Kingdom’s delegation participated in numerous public and private dialogue sessions led by Minister of State and Cabinet Member Dr. Ibrahim Bin Abdulaziz Al-Assaf.

The Saudi delegation consisted of Finance Minister Mohammed Bin Abdullah Al-Jadaan; Minister of Communications and Information Technology Eng. Abdullah Bin Amer Al-Sawaha; the Minister of Economy and Planning, Faisal Bin Fadel Al-Ibrahim and the assistant to the Minister of Tourism, Princess Haifa Bint Mohammed Al Saud.

This year’s edition of the forum was the first to be attended since the start of the COVID-19 pandemic, welcoming more than 2,500 luminaries among country leaders, business leaders, investors and decision-makers at the international level, which has made the forum a central role in promoting common international action by converging points of view and reading the global situation.

The challenges of growth imposed themselves on the forum sessions in the post-COVID-19 pandemic with their geopolitical risks and the lack of global security of supply, while the dialogue sessions dealt with global challenges and possible solutions for deal.

The forum was an opportunity to convey to the world the vision of the Kingdom on the major issues addressed by the forum, and to highlight the efforts of the Kingdom to address them at the local and international level, the Kingdom participation this year being titled: The Kingdom of Saudi Arabia: A Future Vision”.

The topics presented represented the most important current challenges on the world stage, as they revolved around climate and the environment, fairer economies, technology and innovation, jobs and skills, improvement of the business environment, health and healthcare, international cooperation, society and justice. .

During the forum sessions and bilateral meetings, the Kingdom’s delegation shared the important developments that the Kingdom is experiencing in terms of development of the business environment, through the diversification of the economy and sources of income, the strengthening of competitiveness and economic cooperation, and the efforts made in the societal field and economic empowerment, in particular in the contribution of women to the labor market, and the acceleration of the pace of job creation in many new vital sectors.

The forum witnessed an affirmation of the need to maintain trust in the global system, to establish security and peace in the region and to support cooperation and dialogue among all countries in the world to deal with many challenges, including food security. The Kingdom’s delegation also spoke of its positive role within the G20, which helps developing countries.

The delegation presented the Kingdom’s visions and aspirations for developing executive and talent capabilities, and supporting the adoption of smart solutions based on fourth industrial revolution technology and solutions, to accelerate the pace of digital transformation based on investment in advanced technologies, as part of the Kingdom’s efforts to achieve its goals in the field of technology and innovation.

With regard to tourism, the delegation underlined, during the dialogue sessions, the achievements of the Kingdom in this sector, and the achievement by the Kingdom of a qualitative achievement within the index of development of travel and tourism (TTDI) published by the World Economic Forum (WEF), as well as the Kingdom jumped globally to 33rd place, It advances 10 places compared to 2019.

The achievement of this progress is the result of the measures taken to invest in the tourism sector, in conjunction with the provision of facilities for doing business and investing, in cooperation with all government sectors, such as the National Competitiveness Center and the General Statistics Authority.

In order to consolidate international cooperation efforts between the Kingdom and the World Economic Forum, the delegation signed a number of agreements.

The first agreement aims to strengthen existing partnership opportunities between the Kingdom and the Forum, to explore future opportunities, to identify opportunities that deepen the relationship to support the transformation of the Kingdom and to advance the global agenda in accordance with the main objectives of the Forum.

The second agreement took place in the field of the promotion of informed health care and the activation of cooperation frameworks between the public and private sectors and specialists in this field. As a result of this agreement, the Kingdom joined the Forum’s Global Alliance for Healthcare Value.

As for the third agreement, it was in the area of ​​food systems, as it aims to discuss common issues in the area of ​​food security, food waste management, food stability and climate-smart agriculture. .

The World Economic Forum is an international non-profit organization that aims to develop the world by encouraging business, politics and science. The Forum was founded by Professor Klaus Schwab in 1971 in Switzerland, and it has opened regional offices in several major cities around the world. — SPA