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06 June 2023

Middle East set to play a vital role in shaping the post-crisis world

By Staff Writer

The Middle East will play a vital role in shaping the post-crisis world, said leaders at the 39th World Economic Forum in Davos.

Nearly 100 government heads and business leaders from the Middle East attended the five-day summit in Davos, participating in panel discussions and generated debates on topics as wide-ranging as sovereign wealth fund to sustainable development.

The deliberations and call for action taken up at Davos will be further revisited at the World Economic Forum on the Middle East 2009, which will be held from May 15 to May 17 at the Dead Sea, Jordan, under the theme 'Home-grown Strategies for Global Success.'

Later on, government heads, business leaders and civil society leaders will meet in Dubai from November 20 to November 22 for the 2009 Global Agenda Summit.

Dubai is hosting the Global Agenda Summit for the second consecutive year.

The event is essentially a closed door meeting of 70 specialist councils with more than 1,000 subject experts brainstorming the major global challenges and provide recommendations to policy makers. In one of the landmark initiatives, the governments of Qatar, Singapore and Switzerland extended their support to the creation of the Global Co-operation Project, a multi-stakeholder, multi-media dialogue to develop a 21st century vision of a wider global co-operation system.

"There is a serious deficit in global co-operation when compared to the wide range of pressing challenges. With new players emerging on the world stage and a continuing mismatch between 20th century institutions and 21st century challenges, the international system needs to intensify collaboration," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.