Saudi Arabia, WEF Sign Two MoUs for enhancing Cooperation

The Saudi Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim, and the President of the World Economic Forum (WEF), Borghi Brende, signed two agreements in the Swiss city of Davos, to enhance partnership opportunities.

SPA stated that the goal of the first agreement is to enhance the existing partnership opportunities between the Kingdom and the forum, explore future opportunities, identify opportunities that deepen the relationship to support the Kingdom’s transformation, and push the global agenda in line with the main objectives of the forum.

The agreement comes in the context of the Kingdom’s endeavor, represented by the Ministry of Economy and Planning, to transform its economy as decreed in the Kingdom’s Vision 2030, in addition to restoring global economic balance after the 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.

The Minister of Economy and Planning also signed the second agreement on behalf of the Minister of Health Fahd bin Abdulrahman Al-Jalajil with the President of the Economic Forum; intending to promote wise health care, and activate cooperation frameworks between the public and private sectors and specialists in this field.

This agreement will result in the Kingdom joining the Global Alliance for Value in Healthcare of the Forum, contributing to enhancing community awareness in this field, and benefiting from the Forum’s experiences and insights in formulating a strategy to improve wise health care at the global level.

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