According to a government statement published late on Tuesday, the memorandum of understanding signed with Cisco CEO Chuck Robbins Chuck, aims to accelerate the country’s digital transformation by focusing on the areas of education, cyber security, the internet of things and fintech.

“Luxembourg aims to be a digital leader in Europe,” Luxembourg prime minister Xavier Bettel said, adding: “This is not only to attract more investment and continue to develop the country's digital sector, but also to prepare--particularly through innovative methods at the level of education--the skills that our citizens will need in the future.”

Digital Luxembourg

In 2014, the country launched its Digital Luxembourg initiative, bringing together public and private initiatives from the digital economy and society in general. The initiative aims to lay the foundations and ensure the long-term viability of IT as a vector for development in Luxembourg.

While at Davos, the prime minister attended bilateral meetings with companies active in Luxembourg, including ArcelorMittal and Paypal. On Monday, he participated in a round table on blended finance and innovation for a better world, in which he stressed the need for governments to find global solutions to global problems through public-private partnerships.

The theme of the 2018 World Economic Forum annual meeting was “creating a shared future in a fractured world”.

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