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
Young Global Leaders Young Global Leaders The Young Global Leaders, or Forum of Young Global Leaders, is an independent non-profit organization managed from Geneva, Switzerland, under the supervision of the Swiss government. Launched by Klaus Schwab of the World Economic Forum in 2004, the Young Global Leaders are governed by a board of twelve world and industry leaders, ranging from Queen Rania of Jordan to Marissa Mayer of Yahoo! and Wikipedia co-founder Jimmy Wales. Schwab created the group with $1 million won from the Dan David Prize, and the inaugural 2005 class comprised 237 young leaders. Young Global Leaders participate in the Annual