Belgium is sending a high-level delegation to the World Economic Forum (WEF) in Davos to promote itself as a hub for innovation and economic growth. With a focus on foreign investment, security, and technological advancement, the country aims to strengthen its global position amidst evolving geopolitical and economic challenges.

The WEF, founded by German economist Klaus Schwab, has been bringing together world leaders, business executives, and NGOs for over five decades to discuss global challenges. This year’s theme, “Cooperation for the Intelligent Age”, focuses on harnessing artificial intelligence for positive outcomes. However, with the inauguration of the new U.S. president looming, discussions on geopolitical tensions and shifts in the global order are expected to dominate the agenda.

As the World Economic Forum (WEF) kicks off in Davos, Switzerland, Belgium will not fail to be represented. King Philippe and Queen Mathilde will attend alongside prime minister Alexander De Croo, minister of foreign affairs Bernard Quintin, minister of interior Annelies Verlinden, and Flemish minister-president Matthias Diependaele.

Belgium’s presence at Davos is not limited to political leaders; several prominent Belgian companies will also take part in the discussions. Key participants include the energy infrastructure firms Elia and Fluxys, financial institutions Euroclear and Swift, technology company Barco, industrial giants such as Syensqo and Umicore, and maritime companies like Jan De Nul and DEME.

Innovation

Belgium aims to position itself as a hub for innovation and technological expertise during the Forum. Prime minister De Croo emphasised the importance of connecting the country’s open economy with international stakeholders to drive growth. 

The Belgium House, a showcase for the nation’s strengths in key sectors, will once again be a focal point for networking and collaboration. Security and defence will also feature prominently, with NATO secretary-general Mark Rutte participating in a panel discussion during the Belgian reception.

Flanders

Flanders also enters Davos with ambitious goals. In 2024, the region attracted a record 5.4 billion euros in foreign investments, creating over 5000 new jobs across 277 projects. Flanders will aim to reaffirm its position as an attractive destination for investors in Davos, highlighting its strategic location, robust logistics and strong innovation capacity. 

 

​#FlandersNewsService | Prime minister Alexander De Croo during the 2024 World Economic Forum © BELGA PHOTO ERIC LALMAND