The World Economic Forum has moved its annual meeting from Switzerland to Singapore due to the continuing risk of coronavirus in Europe.
This will only be 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 of venue reflects the Forum’s priority to protect the health and safety of participants and the host community.”
He added: “After careful consideration and in light of the current situation regarding the COVID-19 cases, it was decided that Singapore is best placed to hold the meeting.”
The WEF had already pushed back the date for next year’s event from January to May. Then, in October, he said he would change the location of the meeting from Davos to the city of Lucerne, at low altitude.
The last time the WEF held its meeting, which attracts business leaders from around the world, was following the terrorist attacks of September 11. when the event took place in New York.
WEF is also planning to organize a virtual event, called Davos Agenda Week, at the end of January. The organization says the event “is a pioneering mobilization of world leaders to restore confidence to shape the principles, policies and partnerships needed in 2021.”
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