RIYADH: Saudi Arabia’s participation at the World Economic Forum annual meeting in Davos next week reflects its commitment to strengthening international cooperation to address global economic challenges, while supporting regional stability and sustainable development, the Kingdom’s foreign minister said on Saturday.
In a statement to the Saudi Press Agency, Prince Faisal bin Farhan said Saudi Arabia believes close cooperation between governments and the private sector is essential to achieving sustainable development and long-term prosperity.
He added that the Kingdom will continue expanding cooperation with international partners at WEF and beyond to better confront economic and environmental challenges.
Prince Faisal said the Davos forum provided an important platform to enhance collaboration in areas such as institutional and human capacity-building, innovation, technology and scientific research, in line with the goals of Saudi Vision 2030.
He highlighted the Kingdom’s focus on developing new business models to boost competitiveness and create investment opportunities.
