The meeting, which follows last year's Growth Summit in Switzerland, aims to address interconnected crises with forward-thinking solutions while acknowledging short-term trade-offs.

The WEF intends to bridge the North-South divide on topics such as economic policies, energy transition, and geopolitical shocks.

Børge Brende, WEF's President, emphasized the urgency of international collaboration and purposeful dialogue due to deepening geopolitical tensions and socio-economic disparities.

A special meeting was held under the patronage of Crown Prince Mohammed bin Salman, with the participation of leaders from around the world.

The purpose of the meeting, according to the President of the World Economic Forum (WEF), Brende, is to turn ideas into action and find scalable solutions to interconnected challenges.

Saudi Economy and Planning Minister, Faisal Al-Ibrahim, emphasized the importance of international collaboration at this global inflection point and highlighted Saudi Arabia as an established and dynamic platform for thought leadership, solutions, and action.

The hosts aim to ensure progress for one part of the world does not come at the expense of another.

The text describes the commitment of leaders from various countries and organizations to work together towards a secure, stable, and sustainable future.

The event, which includes participants such as the Emir of Kuwait, Egyptian and Iraqi prime ministers, Malaysian and Pakistani prime ministers, Palestinian president, Qatari prime minister, US Secretary of State, EU High Representative, French and German foreign ministers, UK secretary of state, IMF managing director, UN coordinator for Gaza, and WHO director-general, will focus on three themes: inclusive growth, energy for development, and global collaboration.