RIYADH: Saudi Arabia’s participation at the World Economic Forum (WEF) annual meeting in Davos next week reflects its commitment to strengthening international cooperation to address global economic challenges, while supporting regional stability and sustainable development, the Kingdom’s foreign minister said Saturday.

In a statement to the Saudi Press Agency, Prince Faisal bin Farhan said Saudi Arabia believes close cooperation between governments and the private sector is essential to achieving sustainable development and long-term prosperity.

He added that the Kingdom will continue expanding cooperation with international partners at WEF and beyond to better confront economic and environmental challenges.

Prince Faisal said the Davos forum provided an important platform to enhance collaboration in areas such as institutional and human capacity-building, innovation, technology and scientific research, in line with the goals of Saudi Vision 2030.

He highlighted the Kingdom’s focus on developing new business models to boost competitiveness and create investment opportunities.

Led by Prince Faisal, a high-level Saudi delegation will attend the forum, which runs from January 19 to 23 under the theme “A Spirit of Dialogue.”

The delegation includes senior ministers responsible for finance, investment, economy and planning, commerce, tourism, industry and mineral resources, and communications and information technology, as well as Saudi Arabia’s ambassador to the US, Princess Reema Bandar Al-Saud.

Saudi officials will participate in bilateral meetings and public sessions to share the Kingdom’s experience under Vision 2030 and engage with leaders from government, business and civil society on global stability and prosperity, SPA added.

Saudi House will also return to Davos in 2026 after its debut last year, hosting more than 20 sessions focused on themes including investment, human capability, quality of life and global collaboration.

The 56th WEF annual meeting is expected to draw around 3,000 participants from nearly 130 countries, including about 60 heads of state and government.