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Calls for the creation of Gulf Corporate Philanthropy Network to boost cooperation and coordination between businesses

This is to encourage all companies to embrace the transformative power of corporate giving

The World Economic Forum Jobs Reset Summit brought together world leaders and top business executives to collaborate on shaping a fair, inclusive, green socio-economic COVID-19 recovery. In 2020, the global workforce lost an equivalent of 255 million full-time jobs, $3.7 trillion in wages and 4.4% of global GDP. While the growth outlook is expected in improve, a fair socio-economic recovery is not guaranteed.

Speaking at the World Economic Forum’s Jobs Reset Summit on Tuesday, Crescent Enterprises CEO Badr Jafar has called for the creation of a Gulf Corporate Philanthropy Network to encourage all businesses to embrace the transformative power of strategic corporate giving, as businesses across the region and the world play a leadership role in the post-pandemic economic recovery.

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