Saudi, WEF launch innovation accelerator, explore collaborations in global metaverse village

Saudi, WEF launch innovation accelerator, explore collaborations in global metaverse village

Davos: His Highness Prince Faisal Bin Farhan Al Saud, Minister of Foreign Affairs, Her Royal Highness Princess Reema bint Bandar Al Saud, Ambassador to the United States of America, His Excellency Abdullah bin Amer Alswaha, Minister of Communications and Information Technology, His Excellency Bandar bin Ibrahim Alkhorayef, Minister of Industry and Mineral Resources, and His Excellency Faisal F. Alibrahim, Minister of Economy and Planning, met with Klaus Schwab, Founder and Executive Chairman of WEF and Børge Brende, President of WEF, to explore areas of mutual interest.

During the meeting, HE Abdullah bin Amer Alswaha, Chairman of the Board of King Abdulaziz City for Science and Technology (KACST) and Chairman of the Board of The Research, Development and Innovation Authority (RDIA), and Børge Brende, President of WEF, signed a Letter of Intent (LoI) to establish a new accelerator program to help ignite innovation in Saudi Arabia.

Under the LoI, KACST will work alongside WEF to connect experts and knowledge partners from the public and private sector to identify and unlock new promising markets as part of the ongoing work to transform Saudi’s economy.

During the meeting, the delegates highlighted the Kingdom’s role as a Pioneering Partner in the Forum’s Global Collaboration Village, which will