The UAE normalised ties with Damascus in 2018 and has led aid efforts following the devastating February 6 quake

The United Arab Emirates announced Sunday that it is participating in the 54th edition of the World Economic Forum (WEF), to be held from Monday (Jan. 15) to Friday (Jan. 19).

The event will take place in Davos-Klosters, Switzerland, and witness more than 100 top individuals, including heads of national companies and corporate leaders, leading private sector firms, government officials, and senior business leaders.

"The UAE, under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan and his brother His Highness Sheikh Mohammed bin Rashid Al Maktoum, is always keen to participate in the World Economic Forum," Minister of Cabinet Affairs Mohammad bin Abdullah Al Gergawi was quoted as saying by WAM.

Al Gergawi noted that this participation will reflect the importance the UAE attaches to international dialogues and knowledge exchange in various pivotal sectors and areas.

"The economic sector is one of the most important pivotal sectors in the UAE and the world, as a key foundation to the development, prosperity, and well-being of people, nations and humanity as a whole," he said.

"The UAE looks forward to sharing successful experiences during this important forum, inspiring the creation of similar successful international practices and contributing to comprehensive, sustainable development for nations and governments," Al Gergawi added.

This participation will come in line with directives by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai regarding solidifying the country's role in the global economy and exchanging expertise for a sustainable national and global economy.

The World Economic Forum will have press conferences, public and closed sessions, committee meetings, and panel discussions about economic, diplomatic, educational, and technological topics, such as artificial intelligence, global trade, economic developments, and geopolitics.

Last year, the UAE Minister of Cabinet Affairs became a member of the WEF Leadership Council, alongside 12 more members from various countries.

During the World Economic Forum 2022, the UAE signed a strategic partnership agreement with WEF to facilitate several bilateral initiatives and programs in innovation, partnerships, technology, artificial intelligence, and Fourth Industrial Revolution solutions.

The Middle Eastern country has been participating in the WEF for the last two decades as the forum provides an interactive platform for major national and private companies in the UAE to exchange expertise and establish partnerships in various sectors.