Alkhorayef: Saudi Arabia’s Participation in Davos 2024 Emphasizes Commitment to Fostering Economic Integration, Facing Global Challenges

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef underscored that the Kingdom’s participation in the World Economic Forum (WEF) annual meeting 2024 in Davos, Switzerland, showcases its significant role in addressing global challenges, particularly in the areas of supply chains and capacity building.

In remarks to the Saudi Press Agency (SPA), Alkhorayef stated that the Kingdom’s participation in the annual meeting also underscores its pivotal role in the transition toward carbon neutrality.

The minister highlighted the alignment of Saudi Vision 2030 with significant global issues such as climate change, sustainable development, and innovation. He further noted that the Kingdom’s engagement in this event provides an opportunity for communication with key players in the private sector worldwide. Such communication can foster cooperating on these issues and enhance economic and development initiatives in various sectors of the Kingdom, including industry, mining, research, development, and innovation, he added.

Alkhorayef stated that Saudi Arabia remains committed to achieving its economic diversification plans and creating new job opportunities for its citizens through investments in new industries based on the Fourth Industrial Revolution technologies of innovation and technology. He highlighted that the Davos meeting serves as a platform to showcase Saudi Arabia’s significant efforts and progress in these areas.

The minister also underscored the essential role of international partnerships in addressing contemporary challenges, particularly in the fields of food, water, energy, and the security of sustainable global supply chains. Additionally, these partnerships contribute to ensuring reliable access to vital minerals, which play a crucial role in supporting global trends toward clean energy transformation, he concluded.