World Economic Forum's annual meeting to be held in May next year

The event has been postponed from its traditional slot at Davos in Switzerland in January due to Covid-19

The theme of next year's World Economic Forum will be 'The Great Reset', looking at sustainable rebuilding of the global economy in the wake of the Covid-19 pandemic. AP 

The World Economic Forum will hold its flagship annual event from May 18-21 next year.

The organisation usually holds its annual events at Davos in Switzerland in late January, but postponed next year's event due to the Covid-19 pandemic. It will now be held in Lucerne-Burgenstock, Switzerland.

"The meeting will take place as long as all conditions are in place to guarantee the health and safety of participants and the host community," the forum said in a statement, adding that it will contain a mix of in-person and online events. Its theme will be 'The Great Reset', focusing on a recovery plan for the post-Covid-19 era that delivers a more cohesive and sustainable society.

The organisation also intends to hold online 'Davos Dialogues' during the same week that the annual event usually takes place, starting from January 25 next year.

Last week, it was announced that the G20 leaders' summit of the heads of the world's 20 biggest economies that was due to be held in Riyadh next month will become an online-only event.