…The meeting will see advancements on key World Economic Forum work, such as the Future of Growth Initiative
SUN APRIL 28 2024-theGBJournal| The World Economic Forum Special Meeting on global collaboration, growth, and energy for development begins today in Riyadh Saudi Arabia.
1,000 global leaders from 92 countries are expected in Riyadh, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.
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. Alibrahim, 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 are:
A compact for inclusive growth: Focusing on how recent trends in innovation and economic policy, coupled with underinvestment in human development, threaten to exacerbate global inequality and hinder poverty reduction efforts, and which opportunities could help counter these risks across advanced, emerging and developing economies.
Catalysing action on energy for development: With the world facing 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.
Revitalizing global collaboration: Amid growing geopolitical tensions, participants will foster dialogue to support international collaboration, amplify humanitarian efforts and contain the ripple effects of instability. They will also explore how to build a more resilient global economy through strengthened international collaboration between the Global North and South.
More than 220 public figures, from over 60 countries will participate in the Special Meeting which is under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia.
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; 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 bin 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; Paul Kagame, President of Rwanda.
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. The full programme is available here. 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.
The World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development convenes key global stakeholders in Riyadh, Saudi Arabia, to enable comprehensive dialogue on global cooperation, sustainable growth and promoting a global energy transition that underpins sustainable development.
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