Saudi’s minister of economy meets WEF exec

According to Saudi Press Agency, Faisal bin Fadel Al-Ibrahim, Saudi Arabia’s Minister of Economy and Planning, had a meeting with Borge Brende, the President of the World Economic Forum (WEF), on Wednesday. The meeting took place during the Annual Meeting of the New Champions 2023, which is currently being held in Tianjin, China.

The discussions focused on the most recent global and regional economic developments, as well as the strategic relations between Saudi Arabia and the WEF. This meeting provided an opportunity for both parties to exchange insights and perspectives on various economic matters of mutual interest.

Saudi Arabia has been actively engaging with international organisations, such as the WEF, to foster economic cooperation and promote its Vision 2030 agenda, which aims to diversify the country’s economy and reduce its reliance on oil. The meeting between Minister Al-Ibrahim and President Brende highlights the ongoing commitment of Saudi Arabia to strengthen its ties with global economic partners and participate in international dialogues on key economic issues.

The Annual Meeting of the New Champions, also known as the “Summer Davos,” brings together government officials, business leaders, and experts from around the world to discuss emerging trends and explore innovative solutions to global challenges. Saudi Arabia’s participation in this prestigious event underscores its active role in the global economic landscape and its commitment to fostering collaboration for sustainable economic growth.