WEF president lauds Saudi reforms, ‘strong delegation’ attending Davos

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Updated 30 May 2022
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WEF president lauds Saudi reforms, ‘strong delegation’ attending Davos

  • Borge Brende says forum working with Kingdom on gender equality, skill acceleration and increasing competitiveness
  • KSA can improve on issues related to tax system and red tape, says the former Norwegian FM

DAVOS, SWITZERLAND: The president of the World Economic Forum has welcomed the “strong” Saudi delegation to its annual meeting in Davos and lauded the reforms taking place in the Kingdom. Borge Brende also disclosed that the Geneva-based organization is considering taking the Middle East and North Africa regional summit, if it returns, to Riyadh.

“We really appreciate the strong delegation we have from Saudi Arabia in Davos. We have seven key ministers, including the foreign minister and the finance minister, with us in Davos,” he told Katie Jensen, the host of Arab News’ “Frankly Speaking,” the video show which features interviews with leading policymakers and business leaders.

As a regular visitor to the Kingdom, Brende, a former foreign minister of Norway, outlined the major changes he has witnessed over the course of his visits.

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“Compared to when I visited the Kingdom for the first time decades ago, the situation for women now in Saudi Arabia is very different,” he told Arab News.

“You see them driving. When you come to hotels or restaurants, you see women being a natural part of society. And we know that also at the universities, more than 60 percent of the students are women. This is very important, and I think this shows the new leadership.”

Among other momentous changes underway in Saudi Arabia, Brende described the “investments in diversifying the economy, the new technologies, and education and skills” as important.

“I do see willingness to be very serious in investing the additional resources and revenues coming from the energy sector in diversifying the economy, and also building a very solid sovereign wealth fund,” he said.

He sees parallels between what is happening in the Kingdom and the experience of his home country, Norway, which has used its sovereign wealth fund to invest in education and better conditions for industries.

“This will give a very solid foundation for the years to come when oil and gas revenues will peak. That money should be invested in diversification, education, skills, infrastructure and in the green transition that we will see happening in Saudi Arabia,” he said, adding that “the huge investment now in renewables and solar is unparalleled.”

As for the role the Kingdom could play in the context of the economic changes underway in the region, Brende said: “Saudi Arabia needs to produce higher up in the value chain in the years to come, where also you inject more technology into the production.”

He added: “There are areas still where Saudi Arabia can improve … the tax system and red tape. I know that the finance minister is very serious on this, and that collaboration is something that we would like even to take further.”


ALSO READ: Frankly Speaking: WEF sending strong message by not inviting Russia to Davos, says forum’s Borge Brende


Recalling his visit to the World Economic Center in Riyadh a year ago when the WEF opened its Center for the Fourth Industrial Revolution in Saudi Arabia, he said: “I am seeing so much progress when it comes to technologies.”

He added: “We have initiatives related to accelerating gender equality, which should be one of the next steps. We also have a skills accelerator where we have a playbook on how to also reskill and upskill people that are currently not in the educational system. We also have work on enhancing the competitiveness of a country.”

Brende appeared on “Frankly Speaking” on the eve of the first in-person WEF annual meeting since the start of the COVID-19 pandemic. This is the first time that the event is being held in Davos in May.

Shortly before the pandemic hit, the WEF announced in January 2020 that its MENA regional summit would take place in the Kingdom that year. Asked if such an event was still on the table, Brende said that the WEF had not been able to take up any of its original meetings because of “unpredictability related to the pandemic.”

Going forward, he said: “It’s about time also that we go to the Kingdom. If we resume the regional meetings as we had them in the past, that’s to be seen. We are very much looking forward to coming back to Riyadh.”

Watch the full Frankly Speaking episode below:

 

 

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A legacy of learning: The enduring impact of Princess Sarah bin Saud

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A legacy of learning: The enduring impact of Princess Sarah bin Saud

  • Princess Sarah bin Saud helped shape Saudi Arabia’s educational legacy through her enduring commitment to knowledge and philanthropy.

RIYADH: A visionary defined by her resilience and intellectual foresight, Princess Sarah bint Abdullah bin Faisal bin Turki bin Abdullah bin Mohammed bin Saud played a pivotal role in weaving the Kingdom’s educational fabric, leaving a legacy of generosity and endowments that continues to support future generations in Saudi Arabia.

“Princess Sarah was not just a daughter or wife within the ruling family; she utilized her knowledge and social awareness to serve the nation,” Salma Hawsawi, a professor of ancient history at King Saud University and a cultural heritage expert, told Arab News.

“She left an intellectual and moral legacy that reflects the image of the Saudi woman capable of balancing religious authenticity with social responsibility and tradition with modernization,” she said.

Ad-Duraybiyah farm, south of Diriyah was one of the largest and most fertile farms of its time which was donated by Princess Sarah bint Abdullah bin Faisal bin Turki bin Abdullah bin Mohammad bin Saud. (AN photo by Loai El-Kellawi)

Princess Sarah was born in Riyadh in 1877 (1294 AH), although the exact date of her birth is subject to some historical debate.

She was raised in the care of a deeply rooted and noble family. Her father was Imam Abdullah bin Faisal bin Turki Al-Saud, the third imam of the Second Saudi State, who ruled from 1865 until his death in 1889.

Imam Abdullah was renowned for his immense generosity and his love of knowledge, contributing to many charitable endowments — a trait that Princess Sarah inherited.

She was a philosophical model combining soft power, value commitment and social effectiveness.”

Salma Hawsawi, professor of ancient history at King Saud University

Her mother died when Princess Sarah was a child, and she was cared for by Tareefah bint Obaid bin Rashid, one of her father’s wives.

This care continued until Imam Abdullah and Tareefah moved to Hail in 1887, at which point Princess Sarah moved to Riyadh to live under the care of her paternal aunt, Princess Al-Jawharah bint Imam Faisal bin Turki.

Ad-Duraybiyah farm, south of Diriyah was one of the largest and most fertile farms of its time which was donated by Princess Sarah bint Abdullah bin Faisal bin Turki bin Abdullah bin Mohammad bin Saud. (AN photo by Loai El-Kellawi)

Princess Al-Jawharah was an influential figure in Princess Sarah’s life, as she was a lover of knowledge, well versed in Islamic jurisprudence, history and biographies. She also had a special interest in scholarly endowments and students of knowledge.

According to Diriyah’s historical research, throughout her life, Princess Sarah was a symbol of dedication to serving society, embodying the saying “women are the equal partners of men” in the fields of giving and social contribution, thereby confirming that the role of Saudi women in development is not new, but deeply rooted in the history of the Saudi state itself.

“The princess had a piercing vision for the future, aiming for long-term investment through knowledge management and exchange among society members,” the professor said.

Known for her generosity, Princess Sarah endowed many of her personal properties for the benefit of society.

At the forefront of these endowments was the Ad-Duraybiyah farm, south of Diriyah. The site was not just an ordinary property; it was one of the largest and most fertile farms of its time, and was distinguished by its strategic location in the As-Sarhiyyah area, located in one of the historic tributaries of Wadi Hanifah.

She chose for her endowment to be a source of knowledge and learning, reflecting her keen vision that investing in both land and people is the most optimal and enduring investment.

Princess Sarah endowed a great number of rare and valuable books for students of knowledge. These were books she had been keen to purchase herself while she was studying in scholarly circles at the time, which indicates her deep passion for knowledge and her commitment to making it available to others.

Based on the knowledge recorded of Princess Sarah, she had a deep passion for education, endowing books and manuscripts, ensuring that future generations would have access to tools for societal advancement.

When a portion of Princess Sarah’s land was included in King Saud University, the university offered the princess financial compensation. But she refused the payment, saying: “I am for knowledge and for the students of knowledge.”

Princess Sarah not only gave charity and donated the land to build King Saud University, but she also created an infrastructure for knowledge, viewing it as a long-term investment in human capital and the future generations of the Kingdom.

Due to the link between her work and the university’s endowments, the Central Library in the Female Student Campus was named the “Princess Sarah bint Abdullah bin Faisal Al-Saud Library” in appreciation of her role and contributions to development.

“All of Princess Sarah’s initiatives have a sustainable positive impact to this day. The most influential was her donation of land to King Saud University,” the historian said.

“This prestigious institution has graduated countless cohorts in various disciplines who serve their country. By donating this land, Princess Sarah indirectly contributed to the university’s expansion and the increase in specializations.

“Today, most leaders in the Kingdom are graduates of King Saud University,” Hawsawi added.

When looking at Saudi history, Saudi figures that can be compared to Princess Sarah include Princess Moudi bint Sultan bin Abi Wahtan.

“Both are magnificent models of Saudi women,” the professor said.

Princess Moudi (wife of Imam Mohammed bin Saud) established “Sablat Moudi” in Diriyah to house travelers and students.

Similarly, Princess Sarah supported students through land and book endowments.

“Both demonstrate the longstanding commitment of Saudi women to education, sustainability and community service,” Hawsawi said.

When the professor was asked what lasting memory she would like the public to know about Princess Sarah, she said: “That she was a philosophical model combining soft power, value commitment and social effectiveness.

“It must be clarified that there was prior knowledge of Princess Sarah among specialized academics, but it was limited. Documents mentioning her are very scarce, and information is scattered throughout books.”

She highlighted that much of the information relies on oral narrations from individuals who had indirect connections to her highness through their families who lived during her time or worked with her.