Global Leaders Convene in Riyadh for World Economic Forum Summit

Yesterday, Riyadh witnessed the inauguration of the special session of the World Economic Forum, sponsored by Crown Prince Mohammed bin Salman of Saudi Arabia, with broad international participation. The summit aims to confront the unprecedented challenges faced by the world today.

Discussions revolved around the fragmentation of economic leadership, geopolitical shifts, energy for development, inflation indicators, interest rates, supply chains, and artificial intelligence.

• Success of Vision 2030: Saudi Arabia’s Vision 2030 was lauded as a global platform for international dialogues, showcasing the Kingdom’s economic transformation and leadership in creating opportunities and fostering global responsibility. Børge Brende, President of the World Economic Forum, and Kristalina Georgieva, Managing Director of the International Monetary Fund, commended Saudi Arabia’s development and the success of Vision 2030, emphasizing the need for global cooperation to enhance growth and financial safety nets.
• Energy Ambitions & Call for Stability: The Saudi Minister of Energy reiterated the Kingdom’s commitment to supplying various types of energy to the world, including hydrogen and nuclear energy, and expressed openness to cooperation and partnerships in providing green energy. The Saudi Minister of Finance highlighted the economic impact of regional conflicts and stressed the importance of prioritizing growth and stability over politics for the region’s prosperity.

This summit underscores Saudi Arabia’s pivotal role in shaping global economic discussions and strategies to foster international cooperation and address major economic challenges.