The 2021 Davos summit will be moved from Switzerland and held in person in Singapore instead from May 13-16, due to the pandemic, the World Economic Forum said Monday.

The ski resort of Davos is seen at sunrise ahead of the annual meeting of the World Economic Forum (WEF) on January 20, 2020. (File photo: AFP)

"The change in location reflects the Forum's priority of safeguarding the health and safety of participants and the host community. After careful consideration, and in light of the current situation with regards to Covid-19 cases, it was decided that Singapore was best placed to hold the meeting," the WEF said in a statement.