The World Economic Forum has moved its annual meeting from Switzerland to Singapore because of the persistent risk of coronavirus in Europe.
It will be only the second time in 20 years that the meeting, which is usually held in Davos in January, has been held in another country.
In a statement on Monday, the WEF said: “The change in location reflects the Forum’s priority of safeguarding the health and safety of participants and the host community.”
It added: “After careful consideration, and in light of the current situation with regards to COVID-19 cases, it was decided that Singapore was best placed to hold the meeting.”
The WEF had already pushed the date of next year’s event back from January to May. Then, in October, it said that it would change the location of the meeting from Davos to the lower-altitude city of Lucerne.
The last time the WEF moved its meeting, which attracts business leaders from across the globe, was in the aftermath of the September 11 terrorist attacks. when the event was held in New York.
The WEF is also planning to hold a virtual event, called Davos Agenda Week, in late January. The organisation says that the event “is a pioneering mobilization of global leaders to rebuild trust to shape the principles, policies and partnerships needed in 2021.”
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