Remarkable Saudi Participation in Davos 2020

The World Economic Forum’s annual meeting begins on Tuesday © AP
The World Economic Forum’s annual meeting begins on Tuesday © AP
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Remarkable Saudi Participation in Davos 2020

The World Economic Forum’s annual meeting begins on Tuesday © AP
The World Economic Forum’s annual meeting begins on Tuesday © AP

The forthcoming World Economic Forum (WEF) annual meeting in Davos, Switzerland, will witness remarkable Saudi presence among international delegations.

Saudi officials from various economic and development backgrounds, including ministers and government chief executives, were invited to the event.

Saudi officials are expected to review the Kingdom's successes pertaining to the ambitious national transformation project known as “Vision 2030.”

“Vision 2030” contributed to accelerating the pace of development in the Kingdom and helped in achieving goals of the national transformation project.

Saudi officials participating in the upcoming forum sessions will be sharing visions about the future of the world related to the economy, environment, society, and politics.

It is noteworthy that Saudi Arabia has assumed the G20 Presidency, leading up to the Leaders' Summit in Riyadh on 21–22 November 2020. The Kingdom’s capital, Riyadh, and other cities are hosting hundreds of meetings, workshops, and preparatory sessions ahead of the G20 leaders ’summit.

On that note, the Davos forum devoted a separate session on its own to talk about the priorities of the G20 hosted by Saudi Arabia this year.

In another session, the Saudi Minister of Energy, Prince Abdulaziz bin Salman, will partake in discussions related to the future of fossil fuels. This comes at a time of uncertainty and turmoil sweeping oil and gas markets amid a slowdown in the growth of the global economy.



Saudi Arabia, Italy Discuss Efforts to Establish Int’l Security, Peace

Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz and his Italian counterpart Guido Crosetto meet in Riyadh in April. (SPA)
Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz and his Italian counterpart Guido Crosetto meet in Riyadh in April. (SPA)
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Saudi Arabia, Italy Discuss Efforts to Establish Int’l Security, Peace

Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz and his Italian counterpart Guido Crosetto meet in Riyadh in April. (SPA)
Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz and his Italian counterpart Guido Crosetto meet in Riyadh in April. (SPA)

Saudi Minister of Defense Prince Khalid bin Salman bin Abdulaziz held telephone talks on Tuesday with his Italian counterpart Guido Crosetto.

The ministers reviewed defense cooperation between their countries and discussed regional and international developments, particularly the latest developments in the region and efforts to promote international peace and security.


Coalition Destroys 5 Houthi Ballistic Missiles, 4 Drones Fired at Saudi Arabia

A vehicle is damaged following the interception of the missiles. (SPA)
A vehicle is damaged following the interception of the missiles. (SPA)
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Coalition Destroys 5 Houthi Ballistic Missiles, 4 Drones Fired at Saudi Arabia

A vehicle is damaged following the interception of the missiles. (SPA)
A vehicle is damaged following the interception of the missiles. (SPA)

The Coalition to Restore Legitimacy in Yemen announced on Tuesday the downing of three ballistic missiles fired by the Iran-backed terrorist Houthi militia towards the Eastern Region.

Two ballistic missiles fired at Riyadh and four drones fired at the Southern Region were also intercepted and destroyed, it added.

The remains of the missiles in Riyadh. (SPA)

The Saudi Civil Defense said on Tuesday that its teams in Riyadh responded to an incident involving falling debris from two ballistic missiles launched by Houthis following the interception.

The incident resulted in material damage to a building, a project under construction, and a vehicle.


Saudi Arabia Underscores its Keenness on Establishing Regional, Int’l Peace and Stability

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)
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Saudi Arabia Underscores its Keenness on Establishing Regional, Int’l Peace and Stability

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)

Saudi Arabia underlined on Tuesday its commitment to establishing regional and international security and stability, the pivotal role of the Makkah Agreement states in ensuring regional security, and the Kingdom's support for mediation efforts by Qatar and Pakistan to de-escalate tensions, as well as for all endeavors aimed at achieving peace.

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the Cabinet meeting that was held in Riyadh.

Crown Prince Mohammed briefed the ministers on the letters received by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and the Crown Prince from President of Egypt Abdel Fattah al-Sisi and President of Kazakhstan Kassym-Jomart Tokayev.

He briefed the Cabinet on his meeting with French President Emmanuel Macron and the outcomes of his official talks with Greek PM Kyriakos Mitsotakis, which underscored the strength of the historic relations between the two countries and their shared commitment to enhancing cooperation across various fields.

The Cabinet discussed the talks held between states party to the Makkah Joint Defense Agreement and senior Iranian officials that were held on Monday.

The Cabinet also commended the advanced capabilities of Saudi air defense systems and their success in thwarting the Houthi terrorist militia's repeated attempts to target Makkah, Madinah, and a number of Saudi cities and facilities.

It condemned these criminal attacks as a grave aggression against the Kingdom's sovereignty and the sanctity of Islamic holy sites, and a flagrant provocation to Muslims worldwide. It underscored the Kingdom's legitimate right to defend with full resolve the security of the Two Holy Mosques and their visitors, as well as the country's citizens and residents.

The Cabinet hailed the increase in localization rate of military spending in the Kingdom, which reached 27.3% by the end of 2025, surpassing the annual target of 24%, with local content rising to 40.9%. This reflects robust national capabilities and supports integrated public-private efforts, advancing steadily toward the goal of localizing more than 50% of total military spending by 2030.

The Cabinet further reviewed several government performance indicators and progress in administration, governance, and institutional excellence. It praised the Ministry of Human Resources and Social Development for winning an international award from the Project Management Institute, outperforming 53 entities from 28 countries, in recognition of its contribution to boosting the effectiveness of initiative implementation, achieving targets, and aligning them with national priorities.