Horasis 2017, a global economic summit designed to set the agenda for worldwide collaboration, is to be held in the Sheffield City Region.
The Sheffield City Region local enterprise partnership (LEP) was invited to bid to host the event in 2016 following the appointment of Sir Nigel Knowles as chairman.
Heads of government, ministers and influential investors will descend upon Sheffield in November next year to investigate strategies that will shape the global economy and forge new approaches to pressing social, economic and geopolitical challenges.
Horasis 2017 will also attract chief executives from around the world.
Sir Nigel said: “With everyone pulling together, and a great sense of community, we are achieving transformational change and building a thriving, super-connected and successful economy.
“The organisers of this important international conference have made this excellent decision because of the growing confidence and interest from global investors in Sheffield City Region.
“Last year more than 1,000 jobs were created here by international companies and this growth has brought in £97m in capital investment.”
Dr Frank-Jürgen Richter, chairman of Horasis, praised the Sheffield City Region as having an “international outlook which is ahead of the game in defining the issues that need to be tackled by global economies”.
“I have visited the city region and was very impressed by what I saw,” he added.
“I am certain we will learn a lot from this meeting of global leaders and I am very much looking forward to Horasis China 2017.”