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Saudi Arabia and the World Economic Forum launch the “Tomorrow Markets” accelerators

Aya Hussain

A high level delegation from the Kingdom of Saudi Arabia participated In a meeting with global leaders on the first day of the annual meeting of the World Economic Forum for the year 2023, where Prince Faisal bin Farhan bin Abdullah Al Saud, Minister of Foreign Affairs, and Princess Rima bint Bandar bin Sultan bin Abdulaziz, Ambassador of the Custodian of the Two Holy Mosques to the United States of America, Eng. Abdullah bin Amer Al-Sawaha, Minister of Communications and Information Technology, Mr. Bandar bin Ibrahim Al-Khorayef, Minister of Industry and Mineral Resources, and Mr. Faisal bin Fadel Al-Ibrahim, Minister of Economy and Planning, with Mr. Klaus Schwab Founder and Chairman of the Board of Directors of the World Economic Forum, and Mr. Borghe Brende, President of the World Economic Forum, to explore areas of mutual interest.

During the meeting, His Excellency Eng. Abdullah Al-Sawaha, Minister of Communications and Information Technology, Chairman of the Board of Directors of King Abdulaziz City, signed the agreementFor Science and Technology, Chairman of the Board of Directors of the Research, Development and Innovation Authority with Mr. Burgi Brende, President of the World Economic Forum, a letter of intent to launch the “Tomorrow Markets” accelerators to contribute to promoting innovation in the Kingdom. a month – the promising economic markets of the future, helping the Kingdom achieve its goal of becoming a stimulating environment for innovation.

The letter of intent will also support the development of initiatives to enhance a global network of knowledge, exchange experiences, link experts and knowledge partners from the public and private sectors, and will help identify new promising markets that have the potential to contribute to The process of economic transformation that the Kingdom is working on, and determining the best strategies to unleash the development of these markets.

During the meeting, the delegation The Saudi highlighted the Kingdom’s role as a pioneering partner in the “2023 global metaverse village800” during the forum, which It will enhance the use of “Metaverse” to enhance the cooperation of the international community, as the Kingdom intends Building a house in this village to open the doors to opportunities and investments, and the cooperation of the relevant national authorities with international agencies. It will also be a way to attend events, interact with people, share important knowledge and announcements. In addition to announcing that Saudi Aramco is the first private sector entity in the world to build a home in “2023 2022Global Metaverse Village2022”.

The meeting also addressed investing in green technology, as well as investing in women and youth who are effective enablers of climate action efforts. The meeting also reviewed the progress of the projects launched at the annual meeting of the World Economic Forum 18.2023

In addition In addition, the Saudi delegation discussed the future of the mining industry in the Kingdom and the promising future opportunities, especially with the increasing demand for minerals, and the importance of benefiting from the fourth industrial revolution and green technologies.