"The World Economic Forum will defer its Annual Meeting in Davos, Switzerland, in the light of continued uncertainty over the Omicron outbreak. The Annual Meeting was scheduled to take place in Davos-Klosters, Switzerland between 17-21 January, 2022. It is now planned for early summer," the organizers said in a statement.
In lieu of the in-person conference, the organizers will offer participants an opportunity to hold virtual talks about global issues.
"Participants will instead join a headline series of State of the World sessions bringing together global leaders online to focus on shaping solutions to the world’s most pressing challenges," the statement went on.
In January 2021, the World Economic Forum was held virtually for the first time due to the pandemic. In August 2021, an annual meeting of the forum was expected to take place in Singapore, but was also canceled over a surge.