Bangkok--29 Sep--Ogilvy Public Relations Worldwide
CHINESE CITY OF DALIAN TO HOST THE WORLD ECONOMIC FORUM ON GROWTH
The World Economic Forum announced today that it will host its first ever World Economic Forum on Growth in Dalian, north eastern China, from 6-8 September 2007. The inaugural meeting will draw together members of a new international and cross-industry Community of Global Growth Companies. These are firms that have demonstrated a clear potential to become leaders in the world economy within the next five years.
The World Economic Forum on Growth, which at the same time is also the inaugural Annual Meeting of Global Growth Companies, will bring together emerging companies from around the world with the World Economic Forum’s top experts and leaders of industry. Industry-specific meetings of international business leaders will emphasize the needs and aspirations of companies that are operating globally, developing recognized global brands and managing extremely rapid expansion. Business and political leaders will also join together to address the role of competitiveness on a corporate and national level in ensuring growth.
“This is a great opportunity for everyone involved,” said Andr? Schneider, Managing Director, World Economic Forum. “It is an opportunity for the World Economic Forum, which has launched this exciting new plan, to bring together the next generation of global champions; for the city of Dalian, which will be a superb host for this event, able to showcase its world-class facilities; and for the companies themselves, who will share their experience and highlight the growing importance of a new generation of business leaders on the global stage.”
The Mayor of Dalian, Xia Deren, echoed Mr Schneider’s enthusiasm. “Dalian is an energetic city which enjoys a beautiful natural environment, pleasant climate, perfect facilities and harmonious social environment. Hosting the Forum in Dalian and welcoming its distinguished participants will make a great contribution to the city’s global recognition.”
Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, and Vice-Premier Zeng Peiyan of the People’s Republic of China, inaugurated the Beijing headquarters of the Community of Global Growth Companies on 13 June 2006. “The World Economic Forum recognized China‘s promise many years ago, inviting the first Chinese delegation to its Annual Meeting in 1979. The Forum held its first China Business Summit in 1981. It should come as no surprise that we once again turn to China to help realize what is a key strategic step for the Forum,” said Professor Schwab.
More than 300 companies from the new Global Growth Community will attend the World Economic Forum on Growth in Dalian, which will host more than 1,200 participants. The World Economic Forum is already working with the authorities of a second Chinese city, Tianjin, to host the meeting in 2008.
About the Community of Global Growth Companies
The World Economic Forum established the Community of Global Growth Companies with the mission to enable emerging multinationals to develop into the next generation of international corporate leaders. The community includes companies that demonstrate a clear potential to become leaders in the global economy based on a combination of their business model, growth record, leadership and the markets they serve. The Community offers an unparalleled opportunity for business leaders to gain a unique understanding of the key developments in industry, society and geopolitics that will have the greatest impact on their future success.
Notes to Editors:
More details about the Global Growth Companies:
http://www.weforum.org/ggc
Photos site: http://www.pbase.com/forumweb/ggc
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http://www.weforum.org/pressreleases
New Global Competitiveness Report 2006-2007: http://www.weforum.org/gcr
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.
Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. ( www.weforum.org )
What is the Community of Global Growth Companies?
The Community of Global Growth Companies is a cross-industry global community of companies that have demonstrated clear potential to become leaders in the global economy within five years. The companies enjoy a strong industry or regional market presence and have both the aspiration and ability to become global champions.
How are Global Growth Companies selected?
Global Growth Companies will be selected based on a combination of factors:
- Demonstrated growth potential and 15% annual growth over the last two years
- Minimum revenue thresholds according to industry and region (an indicative range is between US$ 200 million to US$ 2 billion)
- Demonstrated executive leadership
How large is the Community?
The Community of Global Growth Companies will admit 300 members by 2007 and 500 members by 2008 from around the world.
What is the focus of the Community?
The Community leverages the knowledge and network of the Forum to enable emerging multi-nationals to develop into the next generation of global champions.
Recognizing the challenges Global Growth Companies face in managing extreme growth across regions, the community creates direct business value through its peer-to-peer network and interaction with global industry leaders and experts.
What is the Annual Meeting of Global Growth Companies?
The Annual Meeting of Global Growth Companies is the flagship event of the Community.
The inaugural Annual Meeting will be held on 6-8 September 2007 in Dalian, China. Top executives from Global Growth Companies, World Economic Forum experts and leaders of industry will participate in highly interactive workshops to explore community-selected themes.
For more information:
[email protected]
www.weforum.org/ggc
For more informatipn plese contact:
Pariyanuch Hongsamrerng
Ogilvy Public Relations Worldwide Ltd.
E-mail: [email protected]
Tel.: 0 2205 6612 Fax: 0 2205 6686
www.weforum.orgwww.weforum.org/ggc
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