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
World Resources Forum resources worldwide a reality through organization of high-level international conferences and capacity-building workshops, dissemination of relevant research findings and scientific discussions, development of resource efficiency indices, setting standards for sustainable resource use, creation of opportunities for financing resource efficiency projects as well as through engagement with young leaders and the wider public. WRF is committed to the inclusiveness of economic growth and elimination of poverty and marginalization, thus making these issues a core element in any objectives we pursue. Flagship activity of the World Resources Forum is the organisation of the annual WRF Conference, which brings together science, research, policymakers