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07.05.24 12:56

Economy

Saudi Arabia hosts Boao Forum for Asia Annual Conference 2024

The Boao Forum for Asia (BFA) conference was held in Riyadh, where sustainable development through energy transition takes center stage

The Chairman of the Board of Directors of BFA, Ban Ki-moon, underlined the leadership role of the oil-rich Middle East region in promoting environmental measures during the opening ceremony. This was reported by Xinhua News Agency, a partner of TV BRICS.

Throughout the conference, Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman Al-Saud, stressed the urgent need for the country to transition to alternative energy sources due to the expected decrease in global oil and gasoline supply as well as the diminishing use of fossil fuels.

He highlighted the significant partnership between Saudi Arabia and China in energy transition initiatives, reaffirming Saudi Arabia's dedication to enhancing cooperation with China for global development.

The one-day conference gathered over 180 dignitaries, scientists, entrepreneurs, and industry leaders from Saudi Arabia, China, and various other countries to engage in discussions on the energy transition and the reduction of carbon dioxide emissions.

The minister reiterated the importance of China as a key partner for Saudi Arabia in advancing its energy transition agenda, emphasising the successful collaboration between the two countries in the energy sector. He once again expressed Saudi Arabia's commitment to strengthening ties with China to promote global progress.

The conference brought together more than 180 officials, scientists, business leaders, and industry experts from Saudi Arabia, China, and other nations to address issues related to energy transition and carbon dioxide emission reduction.

Photo: iStock

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

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Saudi Arabia hosts Boao Forum for Asia Annual Conference 2024

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