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Mon 4 Jul 2016 01:40 PM

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Jordan set to host World Economic Forum for Middle East in 2017

Meeting will convene over 1,000 government, business and civil society leaders from more than 50 countries

Jordan set to host World Economic Forum for Middle East in 2017

The World Economic Forum on the Middle East and North Africa will be held at the Dead Sea in Jordan on May 19-21 2017, in partnership with the King Abdullah II Fund for Development (KAFD), it has been announced.

The meeting will convene over 1,000 government, business and civil society leaders from more than 50 countries.

It will provide a collaborative platform for shaping the future of the Middle East and North Africa through public-private cooperation, a statement said.

“If the hope is fulfilled that the region during the next months will have some kind of stability, it is essential to stimulate the economy through public-private cooperation to make any peace effort realistic and sustained,” said Professor Klaus Schwab, founder and executive chairman of the World Economic Forum.

The meeting will take place in the context of growing economic reform efforts that are being made in many countries of the region, as well as shifting investment and trade priorities.

It will also aim to address continued geopolitical shifts and humanitarian challenges by supporting multistakeholder dialogue on the situation in Syria, Iraq and Libya, and the ongoing refugee crisis.

Top decision-makers from Gulf countries, the Levant and North Africa, as well as key international stakeholders from the United States, Europe, East Africa and other regions, will also explore the impact of the Fourth Industrial Revolution – a new era in the global economy promising huge opportunities, resulting from the convergence of digital information and technological advancements in various economic fields.

Under this theme, participants will examine in particular how new technologies can be harnessed to create employment, encourage entrepreneurism and drive inclusive growth, especially in this region with a very young population.

“The World Economic Forum is committed to supporting the current reform momentum in the region. Jordan, given its long-standing economic and social resilience and commitment to dialogue, is a great partner for this effort,” said Mirek Dusek, head of the Middle East and North Africa, member of the Executive Committee, World Economic Forum.

The World Economic Forum on the Middle East and North Africa was last hosted in Jordan in 2015 in partnership with KAFD. Next year’s meeting will mark the ninth hosted by Jordan, since it was first held in the Dead Sea in 2003.