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Saudi Arabia, WEF Sign Two MoUs for Boosting Cooperation

The Saudi delegation at Davos. (SPA)
The Saudi delegation at Davos. (SPA)
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Saudi Arabia, WEF Sign Two MoUs for Boosting Cooperation

The Saudi delegation at Davos. (SPA)
The Saudi delegation at Davos. (SPA)

The Saudi delegation participating at the annual meeting of the World Economic Forum (WEF) in Davos 2022 met with the founder and CEO of the Forum Klaus Schwab and the President of WEF Borge Brende.

During the meeting, opportunities to strengthen the partnership between the Kingdom and the Forum were reviewed in a way that supports Saudi Arabia's economic transformation process and maximizes its contribution to promoting global economic growth.

Minister of Economy and Planning Faisal bin Fadhel Al-Ibrahim and Brende signed two memoranda of understanding (MoUs).

The first aims to boost the existing partnership opportunities between the Kingdom and the WEF, explore and identify future opportunities that deepen the relationship to support the transformation of the Kingdom, and advance the global agenda to be in line with the main objectives of the Forum.

The agreement is part of the Kingdom's efforts, represented by the Ministry of Economy and Planning, to transform its economy as outlined in Saudi Vision 2030, as well as restore global economic balance after the coronavirus pandemic.

It also serves the Forum's goal of improving the global economy by engaging business, political, academic, and other community leaders in shaping global and regional plans for economic development.

Al-Ibrahim also signed the second MoU, on behalf of the Minister of Health, with the President of WEF. The agreement aims to promote wise healthcare and activate cooperation frameworks between the public and private sectors and specialists within the field.

This second agreement will result in the Kingdom joining the Global Alliance for Banking on Values (GABV) in Healthcare of the Forum, contributing to raising community awareness in the field, and benefiting from the Forum's experiences and insights in formulating a strategy to improve wise healthcare at the global level.

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Mohamed bin Zayed, European Council President Discuss Strengthening Ties and Regional Developments

UAE President Sheikh Mohamed bin Zayed Al Nahyan meets with Charles Michel, President of the European Council, in Abu Dhabi. WAM
UAE President Sheikh Mohamed bin Zayed Al Nahyan meets with Charles Michel, President of the European Council, in Abu Dhabi. WAM
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Mohamed bin Zayed, European Council President Discuss Strengthening Ties and Regional Developments

UAE President Sheikh Mohamed bin Zayed Al Nahyan meets with Charles Michel, President of the European Council, in Abu Dhabi. WAM
UAE President Sheikh Mohamed bin Zayed Al Nahyan meets with Charles Michel, President of the European Council, in Abu Dhabi. WAM

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Charles Michel, President of the European Council, have discussed ways to develop and expand relations to serve the common interests of all sides and foster growth and prosperity.

During Friday’s meeting, which took place at Qasr Al Shati in Abu Dhabi, Sheikh Mohamed emphasized the deep ties between the UAE and the European Union, as well as the ongoing commitment to strengthening these relations to support their shared goals and promote peace and development at both the regional and global levels.

The meeting also touched upon the upcoming Gulf Cooperation Council-European Union summit scheduled for October in Brussels. The UAE President and Michel emphasized the significance of the summit in advancing relations, especially in economic and developmental areas, and setting the stage for further progress in the years ahead.

Sheikh Mohamed bin Zayed and the European Council President also reviewed several regional and international issues of mutual concern, particularly developments in the Middle East. They underscored the importance of reaching an urgent ceasefire agreement in the Gaza Strip to allow for adequate humanitarian aid to alleviate the suffering of its residents. They also stressed the need to de-escalate tensions in the West Bank and to push for a permanent and stable peace process based on the two-state solution.

Both sides emphasized the seriousness of escalating tensions in the region and the critical need for international efforts to contain and prevent the expansion of conflicts, which pose a threat to regional security and stability.

Sheikh Mohamed reiterated the UAE’s support for all efforts aimed at bringing an end to the conflict in Gaza and fostering stability and peace in the region. He also highlighted the UAE's commitment to cooperating with the European Union and other concerned parties to enhance the humanitarian response to the worsening situation in Gaza and support regional stability.

Charles Michel praised the UAE's position in support of Gulf-European cooperation and its influential humanitarian role in Gaza. He also commended the UAE’s contributions to peace and stability in the Middle East.