Saudi Gazette report

RIYADH — Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan reaffirmed the Kingdom’s commitment to strengthening international cooperation to address global economic challenges through its participation in the World Economic Forum in Davos 2026.

In a statement to the Saudi Press Agency, Prince Faisal said the Kingdom’s engagement in the forum underscores its dedication to collective action and constructive dialogue, stressing that Saudi Arabia is committed to working with international partners to confront global economic challenges.

He said the Kingdom’s participation reflects its expanding role in global economic discussions, alongside its commitment to preserving regional peace and stability, supporting sustainable development and strengthening global economic partnerships.

Prince Faisal emphasized the Kingdom’s belief in inclusive cooperation as a foundation for long-term growth, highlighting the importance of collaboration between governments and the private sector to achieve sustainable development that ensures prosperity and security for all.

He added that Saudi Arabia will continue to expand avenues of joint cooperation with international partners to enhance resilience in the face of economic and environmental challenges.

Describing Davos 2026 as a strategic platform, the minister said the forum offers an important opportunity to enhance cooperation among countries in priority areas, including building institutional and human capacities to adapt to rapid economic transformations.

He also noted that the Kingdom is pursuing innovative solutions in technology and scientific research, focusing on developing new business models that boost competitiveness and create new investment opportunities in line with Saudi Vision 2030.

Prince Faisal concluded by saying the Davos 2026 forum represents an opportunity to strengthen international cooperation in areas such as innovation, digital transformation, energy, trade and support for developing countries, contributing to a more sustainable and equitable global economy.

The World Economic Forum is scheduled to take place on Jan. 19 and is regarded as one of the world’s leading platforms for dialogue on global economic policy, innovation and sustainability.