The World Economic Forum said the novel coronavirus pandemic had forced it to move next year’s summit from Switzerland to Singapore, where it will be held in person from May 13 to 16.
The annual gathering of the world’s political, economic and business elite traditionally takes place in January against the idyllic snowy backdrop of the Alpine village of Davos.
It had already been postponed until May due to the virus, with organizers saying the focus would be on remodeling the world economy in the wake of the Covid-19 crisis.
The Geneva-based WEF said, “The change in location reflects the Forum’s priority of safeguarding the health and safety of participants and the host community…[It] will be the first global leadership event to address worldwide recovery from the pandemic.”
It was decided that the island nation of Singapore was best-placed to hold the prestigious meeting, which had previously been branded as “The Great Reset.”