His Highness Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, affirmed that the Kingdom of Saudi Arabia's participation in the World Economic Forum (Davos 2026) , held under the theme "Dialogue Values," embodies the Kingdom's firm commitment to strengthening frameworks for joint international cooperation. His Highness explained that this participation aims to formulate effective strategies to address growing global economic challenges, while emphasizing the necessity of maintaining regional and international peace and security as a fundamental pillar of economic prosperity.
Strategic partnership and Vision 2030
The Foreign Minister's remarks come within the context of the significant developmental progress the Kingdom is witnessing under Saudi Vision 2030. The Kingdom's participation in international forums, such as the Davos Forum, is no longer merely a matter of protocol; it has become a platform to showcase the structural transformations in the Saudi economy. Through these platforms, the Kingdom seeks to reaffirm its pivotal role as an influential global economic power and a reliable partner in ensuring the stability of energy markets, in addition to its leading role in addressing climate change and digital transformation in the Middle East and North Africa region.
Enhancing innovation and human capabilities
In discussing the priorities for this phase, His Highness explained that the Kingdom views the Davos 2026 Forum as a valuable opportunity to deepen cooperation in vital areas, most notably building institutional and human capacities. He pointed out that investing in human capital is the cornerstone for enabling countries to adapt to rapid economic changes. He also emphasized the importance of integration between the public and private sectors, noting that effective partnerships between these two sectors are the true engine for achieving sustainable development that ensures social well-being and economic security for all peoples.
Technological solutions for a sustainable future
His Highness stated that the Kingdom is actively pursuing innovative solutions in the technology and scientific research sectors, in line with its economic diversification goals. The Kingdom is focusing its efforts on developing unconventional business models that enhance national competitiveness and create promising investment opportunities for entrepreneurs and international investors. This approach aims to solidify the Kingdom's position as a regional hub for innovation and technology, where artificial intelligence and emerging technologies are harnessed to serve humanity and support economic growth.
The importance of international cooperation
His Highness the Minister of Foreign Affairs concluded his statement by emphasizing the strategic dimensions of the forum, saying: “The Davos Forum 2026 represents an important opportunity to explore ways to enhance international cooperation in vital areas such as innovation, digital transformation, energy, trade, and supporting developing countries, thereby contributing to building a more sustainable and equitable global economy.” This statement reflects the Kingdom’s understanding of the interconnectedness of the global economy and its commitment to supporting emerging economies to ensure balanced and inclusive growth for all.
