The forum, held under the theme “A Spirit of Dialogue,” provides a strategic platform for Saudi Arabia to share its Vision 2030 experience while reinforcing partnerships that address shared global challenges in an increasingly interconnected world.

Prince Faisal emphasized that long-term prosperity cannot be achieved by governments acting alone, stressing that meaningful collaboration between the public and private sectors is essential for sustainable growth, resilience, and innovation.

He noted that Saudi Arabia views the World Economic Forum as a vital space for exchanging ideas on economic transformation, environmental responsibility, technological advancement, and human development, all of which are core pillars of the Kingdom’s national vision and reform agenda.

The Saudi delegation includes senior officials responsible for finance, investment, economy and planning, commerce, tourism, industry and mineral resources, as well as communications and information technology, reflecting the breadth of the Kingdom’s reform efforts.

Their participation in bilateral meetings and public sessions is aimed at deepening cooperation with international partners, attracting investment, and showcasing Saudi Arabia’s progress in diversifying its economy beyond oil while strengthening institutional capacity and competitiveness.

Prince Faisal highlighted that Saudi Arabia continues to develop new business models and policy frameworks that encourage innovation, enhance productivity, and create high-quality investment opportunities aligned with global trends.

He added that the Davos forum enables constructive engagement with governments, business leaders, and civil society representatives on pressing issues such as global economic uncertainty, climate challenges, digital transformation, and inclusive growth, all of which require collective action and shared responsibility.

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

These sessions are designed to present Saudi perspectives, facilitate dialogue, and build bridges between international stakeholders, reinforcing the Kingdom’s image as an active contributor to global solutions rather than a passive participant.

The 56th World Economic Forum annual meeting is expected to attract around 3,000 participants from nearly 130 countries, including heads of state, government officials, CEOs, and thought leaders.

Saudi Arabia’s strong presence at the forum reflects its confidence in its reform trajectory and its willingness to engage openly with the world to promote stability, shared prosperity, and sustainable development through dialogue and cooperation.

South Korea, hosting the 2025 APEC Summit in the historic city of Gyeongju, has played a key role in guiding discussions among the 21 member economies that together account for half of global trade and over 60 percent of the world’s GDP.

The atmosphere at this year’s summit has been notably constructive, with leaders and ministers emphasizing mutual understanding, economic stability, and the shared goal of maintaining open and fair trade systems.

During a press briefing, South Korean Foreign Minister Cho Hyun expressed optimism about the progress being made in finalizing the joint declaration.

“We are very close to reaching a consensus,” Cho said, noting that talks on both the ministerial statement and the leaders’ declaration have been productive and forward-looking.

He added that South Korea is confident the agreements will reflect a shared commitment to cooperation, inclusivity, and sustainable economic development.

The summit’s discussions have revolved around key global challenges, including the need to rebuild trust in multilateral trade systems, stabilize global supply chains, and address the economic impact of protectionist trends.

Despite differing national interests, most APEC members have agreed on the importance of strengthening multilateralism and maintaining open channels for trade and investment.

South Korea’s Minister for Trade, Yeo Han-koo, highlighted that the nation supports a global system based on fairness and inclusivity.

“It is in line with our interest for the world’s leading economies to find balance and stabilize supply chains and trade relationships,” Yeo said, referring to the significance of strong ties between the United States, China, and other Asia-Pacific partners.

This year’s summit also emphasized innovation, digital transformation, and green growth as essential pillars for the region’s future prosperity. South Korea, known for its technological leadership, has encouraged other member economies to embrace digitalization as a pathway toward resilient and diversified trade.

Discussions also touched upon the need for regional cooperation in areas such as clean energy, sustainable infrastructure, and inclusive development, ensuring that smaller and developing economies can benefit from the shared growth of the Asia-Pacific region.

The APEC forum has faced challenges in recent years, including rising trade tensions and disruptions to global supply chains. However, this year’s summit has demonstrated a renewed spirit of collaboration.

Member countries expressed a collective determination to restore confidence in multilateral cooperation and ensure that global economic policies promote mutual benefit rather than division.

Foreign Minister Cho emphasized that tariffs and trade barriers were not the only obstacles to global growth. “We are facing complex challenges in global value chains, technological transitions, and equitable access to resources,” he said.

“APEC has an opportunity to address these challenges collectively and establish a roadmap that benefits all its members.”

South Korea’s hosting of the APEC Summit has been widely viewed as a diplomatic success, reflecting its growing leadership role in fostering regional stability and dialogue.

The event also provided opportunities for bilateral meetings, where leaders discussed initiatives in trade, energy, innovation, and infrastructure.

While some high-profile leaders departed before the final day, the momentum of the summit continued under South Korea’s careful facilitation.

The country’s emphasis on balance, inclusivity, and pragmatic cooperation helped maintain a positive tone and encouraged nations to align their economic strategies for shared progress.

As the summit concludes, expectations are high that APEC’s forthcoming joint declaration will reaffirm the members’ commitment to an open, rules-based international trading system and sustainable economic development.

It is seen as a strong step toward restoring confidence in regional partnerships and ensuring that the Asia-Pacific remains a driver of global growth and innovation.