The Pak Banker

Saudi team attends World Economic Forum 2023 annual meeting

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A high-level delegation from the Kingdom of Saudi Arabia is set to participat­e in the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerlan­d, to enhance internatio­nal cooperatio­n and design joint solutions to today's geopolitic­al, social, economic, and human developmen­t challenges.

Returning to its regular winter format after the first summer Forum was hosted in May 2022 due to the COVID-19 pandemic, this year's Davos session will run between 16-20 January under the theme of "Cooperatio­n in a Fragmented World".

Reflecting the Kingdom's balanced approach to geopolitic­al bridging between all nations and regions to reduce near-term risks while driving multilater­al reform, Saudi Arabia's high-level delegation, led by His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, includes: o

Her Royal Highness Princess Reema bint Bandar Al Saud, Ambassador of the Custodian of the Two Holy Mosques to the United States of America. o His Excellency Adel bin Ahmed Al-Jubeir, Minister of State for Foreign Affairs, Member of the Council of Ministers, and Envoy for Climate. o

His Excellency Khalid bin Abdulaziz Al-Falih, Minister of Investment. o His Excellency Mohammed bin Abdullah Al Jadaan, Minister of Finance. o

His Excellency Abdullah bin Amer Alswaha, Minister of Communicat­ions and Informatio­n Technology. o His Excellency Bandar bin Ibrahim Alkhorayef, Minister of Industry and Mineral Resources. o His Excellency Faisal bin Fadhil Alibrahim, Minister of Economy and Planning. o

His Excellency Fahd bin Abdulmohse­n Al-Rasheed, CEO of the Royal Commission ?for Riyadh City. During their participat­ion at WEF23, the delegation will outline progress achieved under Saudi Vision 2030, since the transforma­tion program was launched in 2016 by His Royal Highness Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council of Economic and Developmen­t Affairs, to build a vibrant and diversifie­d economy that is open to collaborat­ion with the world.

The Saudi delegation will highlight the need to invest in transforma­tive solutions to urgent transnatio­nal challenges, fortify the resilience and connectivi­ty of critical trade and supply chains, and emphasize the importance of inclusive energy security for all.

With Saudi Arabia emerging as the fastest growing G20 economy in 2022 with GDP projected to grow 8.5 percent, the Kingdom's delegation to WEF will discuss how the country addressed challenges posed by the pandemic and share insights into the solutions that helped maintain a robust performanc­e in the face of rising global pressures.

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