HOW WAS THE EFSD ESTABLISHED
The idea of establishing the Economic Forum for Sustainable Development dates to 2017, when Professor Manahel Thabet, a Saudi Professor of Economy, specializing in financial engineering and mathematics, accepted a broad invitation from the directors of independent economic institutions to an informal meeting in the City of London. This took place in the UK in February 2017.
The EFSD was launched at the British parliament with the support of APPG as an independent forum. Many events were launched later on to support the direction of the EFSD.
WE AIM TO BECOME THE KNOWLEDGE BASE ECONOMY THINK TANK by leveraging our expertise and resources to develop and disseminate new knowledge and ideas about sustainable development.
Our strategy is centered on three main pillars: research, education, and engagement.
First, EFSD is committed to conducting high-quality research on a range of topics related to sustainable development, including economic inequality, climate change, and economic growth. We believe that by generating new knowledge, we can better understand the challenges facing the world today and identify solutions that can drive positive change.
Second, at the EFSD we are dedicated to educating the public about sustainable development through our events, workshops, and other educational initiatives. By providing a platform for experts to share their insights and ideas, we aim to raise awareness and understanding of the issues at hand.
Finally, EFSD is committed to engaging with a wide range of stakeholders, including policymakers, businesses, and civil society organizations. By fostering collaboration and dialogue, we hope to drive meaningful change and create a more sustainable and equitable future for all.
Overall, our goal is to be a leading voice in the conversation on sustainable development, using our expertise and resources to generate new knowledge, educate the public, and engage with stakeholders in order to drive positive change.
MISSION OF THE FORUM
EFSD is an independent organization tasked with studying and anticipating the development of economic conditions and the transition to the digital economy. The Forum is working in accordance with the desire to increase economic growth and social development, and it serves GCC in general by creating a partnership among businessmen and women, entrepreneurs, politicians, intellectuals, and leaders. They will also look into other community issues to identify, and study, such as salaries, pension funds, SME’s the trade and investment laws and regulations, and/or other basic economic topics.
As a voluntary institution, the Forum is constrained by non-interference in politics or advocacy in national conflicts.
SHORT TERM PLAN 2018 – 2019
The APPG in the British Parliament accepted the Declaration of the launch of the Economic Forum for Sustainable Development. On September 03, 2017, in The Palace of Westminster.
The first meetings of the Economic Forum for Sustainable Development were held in early September 2018, and the meetings focused on the discussion of the most important topics and future economic, investment, and trade requirements in GCC. The Forum’s governing body will adopt a highly selective policy of inviting distinguished individuals.
The impartiality of the membership is the essential foundation that will give high credibility to the strategic plans and economic visions that will receive strong and assured support from international financial institutions, donors, and the United Nations. This initiative, therefore, launches the first and inaugural highly credible Economic Forum for Sustainable Development.
FINANCING OF THE FORUM
The Forum is self-funded and will be examining future methods on how to engage future supporters.
The forum is spearheaded by Professor Thabet, who is responsible for the long-term establishment and direction of the forum’s strategies, orientations, and objectives.