The World Economic Forum (WEF) announced on May 17 that it has cancelled its special annual meeting in Singapore due to difficulties and uncertainties imposed by the COVID-19 pandemic.
The annual event scheduled for August 17 to 20 will instead take place in the first half of 2022, and the final date and location will be determined later this summer, WEF said.
In a statement, WEF highlighted the challenges in organizing a meeting of such a scale, including travel restrictions, different speeds of vaccination rollout, and emergence of new variants.
“It was a difficult decision, particularly in view of the great interest of our partners to come together not just virtually but in person, and to contribute to a more resilient, more inclusive, and more sustainable world” WEF Founder and Executive Chairman Klaus Schwab said in a statement.
“But ultimately the health and safety of everyone concerned is our highest priority,” Schwab also stated.
WEF holds the special meeting, which is also known as the Davos Agenda, every January in the Swiss alpine resort town of Davos.
WEF held the latest event virtually. It announced the 2021 summit in Singapore in May then postponed it to August due to COVID-19 concerns.