But when exactly is the event and what is this year's theme? Here's the lowdown…
When is Davos 2019 and what is it?
2019's World Economic Forum Annual Meeting in Davos will begin on January 22, and end on January 25.
During the meeting, CEOs of multinational corporations mingle with world leaders and A-list celebrities to discuss a range of topics such as the global economy, commodity prices and environmental issues.
Attendees take part in panel discussions, on-stage interviews and listen to keynote speeches.
While economists, politicians and journalists are invited, businesses have to pay around $40,000 to send a single delegate to the event, CNN reported in 2014.
Davos is a small town in the Swiss Alps which is around 92 miles southeast of Zurich.
This year, the World Economic Forum began on January 23 and will end today, January 26. It welcomes some of the world’s most powerful people.
The event was first held in 1971 and was originally named the European Management Forum before being renamed in 1987.
What is this year's theme?
The theme of the World Economic Forum's Annual Meeting in Davos next year will be Globalisation 4.0.
This comes as the Swiss organisation attempts to send a more inclusive message in the wake of an unconventional political situation in many developed countries.
What happened at this year's WEF?
US President Trump was in attendance at this year's meeting in January.
The billionaire is to be among 70 heads of state or government who are expected to be on hand, along with hundreds of business executives, academics, government officials, and artists.
Other leaders attending are UK Prime Minister Theresa May, French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau.
A recent survey by the World Economic Forum appeared to criticise Trump and his ferocious brand of “strongman” politics.
The report said that more than nine in 10 experts are worried about worsening economic or political confrontation between world powers, amid a trend toward "charismatic strongman politics."
WEF said four in five survey respondents expect rising risks "associated with war involving major powers."
The report said geopolitical risks have been exacerbated by falling commitment to "rules-based multilateralism."
It noted how President Trump "delivered on some of his unilateralist campaign pledges" by pulling the US out of the Paris climate accord and a trans-Pacific trade pact.
It also said "identity politics" could fan geopolitical and domestic risks.
"Charismatic strongman politics is on the rise across the world," said the report.
"In addition to the 'America First' platform of President Trump, variations on this theme can be seen in numerous countries from China to Japan, Russia, Turkey, Saudi Arabia, the Philippines and elsewhere."
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