Netanyahu defies US threats to cut off weapons, says Israel can 'stand alone'    Lawyer facing legal action for publishing misleading information    NMC: Summer season to begin in Saudi Arabia on June 1    Boeing 737 skids off runway in Senegal    Putin hails army 'heroes' and warns off West in WW2 parade    Minister Al-Khateeb welcomes Hyatt Hotels' plan to increase hotel capacity to 5,000 rooms in 5 years    Hajj season kicks off with the first group of pilgrims arriving from India    Biden says he will stop sending bombs to Israel if it launches major invasion of Rafah    SAUDIA and SAMACO Marine & Powersports partner to provide memorable holiday experiences of the Red Sea    Education minister: 3-semester system is under study    Philip Morris International reports first-quarter 2024 results and updates full year guidance    NEOM launches Jaumur: A new cosmopolitan marina community    JAX District earns industrial heritage site designation in Saudi Arabia    Turki Alalshikh unveils exclusive watch to commemorate 'Ring of Fire' heavyweight title fight    Al Qadsiah returns to Saudi Pro League    Al Hilal on verge of Saudi League title with thrilling win over Al Ahli    Chinese climbers stuck on cliff for more than an hour due to overcrowding    teamLab Borderless Museum set to open in Jeddah this summer    Saudi Pro League's Allazeez dismisses charges of favoritism in player recruitment    Lord of the Rings cast pay tribute to Bernard Hill, who has died aged 79    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



WEF convenes special meeting on global collaboration, growth and energy for development 1,000 government, business and civil society leaders to gather in Riyadh
Published in The Saudi Gazette on 27 - 04 - 2024

With geopolitical upheavals and complex economic challenges destabilizing a fractured world, the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development will convene 1,000 global leaders from 92 countries on April 28-29, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.
More than 220 public figures, from over 60 countries will participate in the Special Meeting which is under the patronage of Crown Prince and Prime Minister of Saudi Arabia Prince Mohammed Bin Salman.
Building on the inaugural Growth Summit, held in Switzerland last year, the meeting will promote forward-thinking approaches to interconnected crises, while remaining realistic about shorter-term trade-offs.
It will work to bridge the growing North-South divide on issues such as emerging economic policies, the energy transition and geopolitical shocks.
"With geopolitical tensions and socio-economic disparities deepening divides globally, international collaboration and purposeful dialogue has never been more urgent," said Børge Brende, president, World Economic Forum.
"The Special Meeting 2024 provides an opportunity for leaders from across sectors and geographies to turn ideas into action and unlock scalable solutions to the many interconnected challenges we face."
"At this global inflection point, revitalizing international collaboration has never been more important. In the Kingdom of Saudi Arabia, the World Economic Forum has chosen an established and dynamic global platform for thought leadership, solutions and action, as the host of a critical meeting – at such a critical moment," said Faisal F. Al-Ibrahim, minister of economy and planning of Saudi Arabia.
"To this end, Saudi Arabia is mobilizing its full diplomatic might to lay out a mutually beneficial path to prosperity for the intertwined destinies of the global community.
"We are working to ensure that progress for one part of the world does not come at the expense of another. And we are committed to meeting this moment with a determination to co-author a shared future that is secure, stable and sustainable."
The three thematic pillars of the meeting encompass a comprehensive approach to addressing global challenges.
The first pillar focuses on creating a compact for inclusive growth, examining how recent trends in innovation and economic policy, coupled with underinvestment in human development, may exacerbate global inequality and hinder poverty reduction efforts.
It also explores opportunities that could help counter these risks across advanced, emerging, and developing economies.
The second pillar aims to catalyze action on energy for development. As the world faces a potential 2.9°C temperature rise and significant disparities in energy access, this focus area will seek solutions to scale up clean energy while ensuring equitable growth and energy access, especially in developing economies.
The final pillar is dedicated to revitalizing global collaboration. Amid growing geopolitical tensions, this area will foster dialogue to support international collaboration, amplify humanitarian efforts, and contain the ripple effects of instability.
Participants will also explore how to build a more resilient global economy through strengthened international collaboration between the Global North and South.
Top political leaders taking part include: Mishal Al-Ahmad Al-Jaber Al-Sabah, emir of Kuwait; Mostafa Kamal Madbouly, prime minister of Egypt; Mohammed Shyaa Al Sudani, prime minister of Iraq; and Bisher Hani Al Khasawneh, prime minister of the Hashemite Kingdom of Jordan;
Anwar Ibrahim, prime minister of Malaysia; Bola Ahmed Tinubu, president of Nigeria; Sayyid Theyazin Bn Haitham Al Said, crown prince of the Sultanate of Oman; Shehbaz Sharif, prime minister of Pakistan; Mahmoud Abbas, Palestinian president; Mohammed Bin Abdulrahman Al Thani, prime minister and minister of foreign affairs of the State of Qatar; and Paul Kagame, president of Rwanda are attending.
As well as Antony Blinken, US secretary of state; Josep Borrell, high representative of the European Union for foreign affairs and security policy; Stéphane Séjourné, minister for Europe and foreign affairs of France; Annalena Baerbock, federal minister of foreign affairs of Germany; David Cameron, UK secretary of state for foreign, Commonwealth and development affairs; and Arifin Tasrif, minister of energy and mineral resources of Indonesia will attend.
Ahn Dukgeun, minister of trade, industry and energy of Republic of Korea; Kgosientso Ramokgopa, minister in the presidency for electricity of South Africa; Mehmet Şimşek, minister of treasury and finance of Türkiye; and Maktoum Bin Mohammed Bin Rashid Al Maktoum, deputy prime minister for financial and economic affairs of the United Arab Emirates are attending.
Leaders in international organizations taking part include: Kristalina Georgieva, managing director, International Monetary Fund; Sigrid Kaag, United Nations senior humanitarian and reconstruction coordinator for Gaza; and Tedros Adhanom Ghebreyesus, director-general, World Health Organization.
The World Economic Forum's Global Risks Report 2024 highlighted the critical turning point the world faces, with economic downturn and inflation, lack of economic opportunity, disrupted supply chains for critical goods and energy, extreme weather, and conflicts among the most pressing issues within the next two years and climate, technology, migration and societal polarization risks dominating over the next decade. Inclusive, purpose-driven dialogue — between business, government and civil society from across regions and across timeframes — will be crucial to improve outcomes on these and other global risks.
Leading the dialogue,15 leaders from government, the private sector and international organizations will co-chair the event. Over half of participants — spanning companies, governmental entities and thought leaders — are from the Global South and emerging economies, with over 80% of heads of state from developing or emerging economies.
The meeting will be accessible to the public through the livestreaming of 50 sessions, covering topics such as, A New Vision for Global Development, Realizing an Equitable Energy Transition, and What Kind of Growth We Need.
In addition, the Open Forum will host panel discussions connecting thought leaders with the local public. The ongoing conflict in the region and the humanitarian situation in Gaza will also be addressed.
The meeting will see advancements on key World Economic Forum work, such as the Future of Growth Initiative, the Centre for the Fourth Industrial Revolution, and UpLink challenges aimed at identifying and scaling innovative climate solutions.
New insights will be released on education and AI, cybersecurity talent and geopolitical dependence, from hydrocarbons to critical minerals. — SG


Clic here to read the story from its source.