World Economic Forum series of research reports and engages its members in sector-specific initiatives. There have been many other international conferences nicknamed with "Davos". However, the World Economic Forum objected the use of "Davos" in such contexts for any event not organised by them. This particular statement was issued on 22 October 2018, a day before the opening of 2018 Future Investment Initiative (nicknamed "Davos in the desert") organised by the Public Investment Fund of Saudi Arabia. The WEF was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva. First named the "European Management Forum", it changed
Swiss Iranian Investment Forum to provide guidance, comprehensive evaluation, analysis, and discussion of the global economic agenda. SIIF events will bring together global business leaders, experts, the media, and government officials to create favorable conditions for constructive dialogue, promotion of new ideas, and the creation of new, economically sustainable projects that support development of innovative social enterprises. Headquartered in Geneva, the forum also has offices in Tehran. Swiss-Iranian Investment Forum strives to be impartial and is not tied to any political or partisan interests. The association is "committed to recognize the global importance of the United Nations Sustainable Development Goals (SDGs) - a global