Business | Economy
Preparations for WEF on Mideast kick off with Geneva memorandum
Representatives of the World Economic Forum and the King Abdullah II Fund for Development signed in Geneva a memorandum of understanding that marks the official start of preparations for the World Economic Forum on the Middle East, to be held at the Dead Sea, Jordan, from May 15 to 17, 2009.
- Staff Reporter
- Published: 23:52 September 16, 2008
Dubai: Representatives of the World Economic Forum and the King Abdullah II Fund for Development signed in Geneva a memorandum of understanding that marks the official start of preparations for the World Economic Forum on the Middle East, to be held at the Dead Sea, Jordan, from May 15 to 17, 2009.
More than 1,200 participants drawn from the highest levels of government and business worldwide are expected to take part in the meeting.
The memorandum of understanding was signed by Bassem Awadallah, vice-chairman of the Board of Trustees of the King Abdullah II Fund for Development, and Andre Schneider, managing director and chief operating officer of the World Economic Forum.
With significant accumulation of wealth and marked openness to the world, the Middle East is increasingly seen as a key international partner in addressing global challenges.
The 2009 World Economic Forum on the Middle East will engage leaders in dialogue to identify key regional dynamics and international trends that will define the region and its global position in the next decade.
Through a variety of formats, the meeting will look at the Middle East's role in shaping the new global economic order, address the changing regional geopolitical and security landscape, as well as focus on the region's growing social vigour and the question of youth.
Particular attention will be paid to the issues of food security, resource management and systemic financial risks.
"Here, in 2003, the forum relaunched its strong presence in the Middle East and our participants of this strategic gathering in the Middle East will be happy to return to what many see as one of the natural homes of this meeting," said Schneider.
"The upcoming meeting will offer a fresh outlook on new economic opportunities, as well as the developing and enduring political challenges in the Middle East," said Awadallah.
"It will be an opportunity to engage youth from the region and recognise a number of young men and women from the Arab world for their commitment and dedication by awarding them the King Abdullah II Award for Excellence and Innovation. The award was launched at the 2007 World Economic Forum on the Middle East at the Dead Sea."
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