Business Wire

Geopolitical Stability, Inclusive Growth, Energy Security Under Spotlight in Riyadh at World Economic Forum Special Meeting

Share

Riyadh convened global leaders today at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development to host candid dialogues and outline bold steps to tackle the most pressing geopolitical, social and economic challenges facing humanity.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240428317713/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

His Excellency Faisal Alibrahim, Saudi Minister of Economy and Planning, welcomes global leaders to Riyadh for the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development. (Photo: AETOSWire)

Speaking at the Special Meeting, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy for Saudi Arabia, said a just and equitable energy transition will only be achieved by using a range of energy sources to diversify the global energy market. Access to secure and reliable energy, he said, is crucial to enabling people and communities from emerging nations to achieve meaningful economic development.

In a session on ‘North to South, East to West: Rebuilding Trust,’ His Highness Prince Faisal bin Farhan Al Saud, Saudi Arabia’s Minister of Foreign Affairs, led a discussion on addressing critical challenges through cooperation, speaking of the need to solve the humanitarian crisis in Gaza through “a real commitment to a two-state solution that is a credible, irreversible path to a Palestinian state.”

At the first WEF Open Forum to be hosted outside of Davos, Her Royal Highness Reema Bandar Al-Saud, Saudi Arabia’s Ambassador to the United States, reflected on the Kingdom’s cultural awakening, saying, “Right now, what you’re watching is a renaissance of this country falling in love with its heritage.”

Reflecting on the progress of Saudi Vision 2030, His Excellency Adel Aljubeir, Minister of State for Foreign Affairs of Saudi Arabia, said: “We want to build a country that is diversified, that is inclusive, that is based on technology, that competes in the world and that is part of the global trading system.

At the start of the first day of the Special Meeting, His Excellency the Saudi Minister of Finance, His Excellency Mohammed Aljadaan, said that for long-term planning, countries need to be agile in dealing with economic challenges by making adjustments depending on circumstance.

Meanwhile, His Excellency Abdullah Alswaha, Saudi Arabia’s Minister of Communications and Information Technology, discussed the link between artificial intelligence and economic growth, stating, “We are not at a tipping point, but a turning point in humanity,” while highlighting how Saudi Arabia is doubling down on AI diffusion across multiple sectors.

His Excellency Ahmed Al-Khateeb, Saudi’s Minister of Tourism, said, “In just five years, Saudi Arabia's tourism sector has nearly doubled, growing from $35 billion to $66 billion, with our sights set on reaching $80 billion this year.”

Welcoming delegates to the two-day event, His Excellency Faisal Alibrahim, Saudi’s Minister of Economy and Planning, welcomed global leaders to the “global growth platform” that Saudi Arabia has become under Saudi Vision 2030, and stressed the importance of building a more inclusive global economy “where every nation has the chance to thrive, regardless of its wealth or status.”

*Source: AETOSWire

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Wooud Alquaied
walquaied@mep.gov.sa

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Bona Launches Resilient Solution Colour Collection12.11.2024 08:05:00 CET | Press Release

Bona,a global leader in innovative floor care and maintenance solutions, announces the launch of the new Bona Resilient Solution Colour Collection. Based on the science of colour psychology,the new collection is inspired by nature and designed to transform interior spaces into a welcoming environment that promotes well-being and productivity. The collection consists of five colour groups and 15 earthbound hues that work in tandem with the Bona Resilient System – Bona’s innovative system to restore, renew and upgrade resilient floors. The Bona Resilient Solution Colour Collection was developed in collaboration with Dr. Axel Buether, a pioneer in modern evidence-based colour psychology. Drawing from real-life contexts, Dr. Buether’s research shows that by incorporating natural elements into interior spaces – such as the floor – colour can profoundly enhance well-being and improve physical health. “Nature has long been associated with healing and well-being. The Bona Colour Collection goe

Corona Cero’s Relaxation Clause Brings a Fresh Perspective to Athlete Partnerships12.11.2024 08:00:00 CET | Press Release

Corona, the world’s most valuable beer brand, has introduced the ‘Relaxation Clause’, a new global initiative for all sponsorship agreements that ensures athletes dedicate time to relax and unwind as part of their contract with Corona Cero. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111370643/en/ Brazilian surfer Gabriel Medina signs the Relaxation Clause (Photo: Business Wire) The Relaxation Clause offers a new approach to partnerships that reflects the essence of Corona: encouraging people to experience more moments to unwind and connect with nature. The unique initiative follows Corona Cero’s iconic sponsorship of the Olympic Games – the first-of-its kind for a global beer brand. The brand is incorporating this new term in all athlete agreements including Olympian Brazilian surfer Gabriel Medina, who created the viral photo while competing, as well as medalists British cyclist Evie Richards, Brazilian surfer Tatian

Bureau Veritas Continues to Build Capabilities in the Energy and Renewables Sector Through the Acquisition of Versatec Energy B.V.12.11.2024 07:30:00 CET | Press Release

Bureau Veritas, a global leader in Testing, Inspection, and Certification services, today announced the acquisition ofVersatec Energy B.V., an independent and specialized technical advisory company for the offshore and onshore energy industry. This acquisition is in line with the LEAP | 28 strategy to create a new stronghold in the fast-growing renewables segment, underscoring the Group’s commitment to the energy transition, and strengthening its position as a crucial player in shaping a sustainable and safe energy sector. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111646650/en/ Hinda Gharbi, CEO Bureau Veritas (Photo: Business Wire) Bureau Veritas contributes to accelerating the energy transition by providing customers across the energy sector with end-to-end solutions to meet the immediate and future challenges of developing and operating renewables and other innovative low carbon assets. The acquisition of Versatec

Pimicotinib Significantly Improved Outcomes for Patients with Tenosynovial Giant Cell Tumor in a Global Phase III Trial12.11.2024 07:18:00 CET | Press Release

Merck, a leading science and technology company, today announced that the Phase III MANEUVER trial of pimicotinib, an investigational medicine being developed by Abbisko Therapeutics Co., Ltd., met its primary endpoint, demonstrating significant improvement in objective response rate (ORR) in patients with tenosynovial giant cell tumor (TGCT). The ORR for pimicotinib at week 25 was 54.0% compared with 3.2% for placebo (p<0.0001). Notably, the study also showed that treatment with pimicotinib provided statistically significant and clinically meaningful improvements in secondary endpoints associated with important patient outcomes in TGCT, including stiffness by Numeric Rating Scale (NRS; -3.00 mean change from baseline vs. -0.57 for placebo, p<0.0001) and pain by Brief Pain Inventory (BPI; -2.32 vs. 0.23 mean change from baseline, p<0.0001). Further efficacy and safety data from the MANEUVER study will be presented at an upcoming medical conference. “TGCT tends to be a disease of the yo

GigaDevice to Showcase Innovations for Accelerated IoT and Automotive Sectors at Electronica 202412.11.2024 07:00:00 CET | Press Release

GigaDevice, a leading semiconductor company specializing in Flash Memory, 32-bit Microcontrollers (MCUs), Sensors, Analog products and solutions, is set to unveil its latest technological masterpieces and present a showcase of innovations specifically designed to drive the rapid growth of the IoT and automotive sectors into the future at Electronica 2024, which will take place from November 12 to 15 in Munich, Germany. Please pay us a visit at Booth 209, Hall4 to experience these advancements. Enhance your energy management AI-Based AFCI Solution for Solar System by GigaDevice features the high-performance GD32H7 series MCU. With a sampling rate of 500KSPS, it supports real-time AI inference capabilities for arc detection across up to 12 ADC channels. The algorithm uses a deep convolutional neural network, capable of real-time detection with 1024, 2048, and 4096 sampling points, occupying only 1.7KB of Flash. Each inference takes less than 0.6ms, ensuring immediate response to DC arcin

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye