The annual meeting of the World Economic Forum (WEF) that was to be held in Singapore has been cancelled due to the COVID-19 pandemic, the organisers said.
The annual event that started in 1971 engages foremost global political, business, cultural leaders and other leaders in society to shape global, regional and industry agendas.
This year’s meeting was scheduled for August 17-20.
“Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination roll out and the uncertainty around new variants combine to make it impossible to realise a global meeting with business, government and civil society leaders from all over the world at the scale which was planned,” the WEF said in a statement.
Stating further in the statement, the next annual meeting will instead hold in the first half of 2022 according to WEF. Based on an assessment of the situation later this summer, the location and date for the event will be decided on and announced.
Reacting to the decision by WEF, the Singapore trade ministry on Monday said it “fully appreciates the challenges caused by the ongoing global pandemic, particularly for a large meeting with a broad span of international participants.”
On Sunday, May 16, Singapore recorded 450 active cases of coronavirus with the tightest restrictions in place since it exited a lockdown last year to combat a spike in local COVID-19 infections.