Facts and Figures about World Economic Forum in Davos
Davos-Klosters (Graubunden) is an alpine resort in the Eastern part of Switzerland. It is also an international sports hub and a congress center. Every year it hosts the Annual meeting of World Economic Forum to engage world’s political and business leaders, NGOs to work together on the most important global issues.
World Economic Forum is a non-profit association established in Geneva. In 1971, professor Klaus Schwab founded the European Management Forum, which drew up business leaders to Davos for the Annual Meeting. Initially, as it follows from the WEF website, European businessmen aimed to catch up the best management practices from the USA. In 1974, political leaders first visited Davos. In late 1970s, the WEF introduced a system of membership for ‘the 1,000 leading companies of the world’. Today WEF employs over 700 people with its headquarters in Geneva, New York and San Francisco, Beijing and Tokyo.
World Economic Forum in 2019
In 2019, the 49th annual meeting of the World Economic Forum will take place on January 22-25. Matters of global architecture will be on agenda under the cover theme “Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”.
Participation is possible by invitation only and reserved for members of the Forum’s communities. Membership and partnership fees range from 60,000 Swiss francs ($62,243) to 600,000 Swiss francs (around $622,000) “depending on the level of engagement”. The most types of membership include the opportunity to participate in the Annual Meeting.
2,500 participants, 100 countries, 400 working sessions
Non-business participants in the meeting such as heads of state or leaders of the arts do not pay to participate. The headline guest this year is the United States President Donald Trump. Previously the lists of attendants included Indian Prime Minister Narendra Modi and French President Emmanuel Macron, Angelina Jolie and Brad Pitt, Matt Damon, Leonardo DiCaprio, Goldie Hawn and Yao Chen.
CNBC, Forbes, Fortune, Zeit, KPMG, PwC, Deloitte, McKinsey, Accenture, Salesforce, Facebook, Microsoft, HSBC, UBS, Sberbank are among the sponsors of the event.