Home » Saudi Arabia & OECD sign MoU at WEF Annual Meeting 2024

Saudi Arabia & OECD sign MoU at WEF Annual Meeting 2024

by Madaline Dunn

The Kingdom of Saudi Arabia and the Organisation for Economic Co-operation and Development (OECD) have signed a Memorandum of Understanding (MoU) during the World Economic Forum (WEF) Annual Meeting 2024 in Davos, Switzerland.

The strategic partnership is set to enhance cooperation on a wide range of public policy initiatives in areas including economy, tax, corporate governance and sustainability.

Further, it was shared that collaboration will take various forms, including joint research, information exchange, the sharing of statistical data, the organisation of meetings and events, and support for Saudi Arabia’s alignment with OECD standards. This includes evaluation and comparative analyses of policy practices.

Commenting on the partnership, His Excellency Faisal F. Alibrahim, Minister of Economy and Planning, said: “International partnerships with organizations such as the OECD are key to continuously enhancing our institutional capabilities and facilitating knowledge and technology transfers. Under this partnership with the OECD, we will further develop robust public policies that align with international best practices and can further drive the momentum of Saudi Vision 2030.”

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