His Majesty King Abdullah on Friday said the middle class in Jordan had been adversely affected by the rise in oil prices.

During a meeting with representatives of young global and Arab leaders on the sidelines of the World Economic Forum in Davos, the King said this was the major economic and political challenge facing the Kingdom, and stressed the importance of improving the income of the middle class.

He said the stability and comfort of the middle class are two essential requirements for the development and progress of any society, both at the political and social levels.

Underlining the need to support the middle class, King Abdullah noted political reform will be achieved if this segment's stability is ensured.

King Abdullah also highlighted the pivotal role played by the younger generation in progress and development, which necessitates realizing their needs by creating job opportunities and providing them with a better future.

Established in 2004 by Professor Klaus Schwab, the Forum of Young Global Leaders is a unique, multi-stakeholder community of the world's most extraordinary young leaders who dedicate a part of their time to jointly address global challenges and who are committed to devote part of their knowledge and energy to collectively work towards a better future, according to their website.

Also on Friday, King Abdullah met with Micheline Calmy-Rey, president of the Swiss Confederation and federal councillor of foreign affairs, and discussed bilateral relations and regional developments.

In addition, the King met with Schwab, executive chairman and founder of the World Economic Forum, and discussed preparations for holding the forum at the Dead Sea from May 18 to 20.

King Abdullah reviewed the main topics on the agenda, chief among them peace in the region.

The meeting will also highlight new investment opportunities in the Middle East and tackle key success factors for continuing growth and job creation.

The forum will also be a focal point for a new dialogue between Islam and the West on issues ranging from political and economic subjects to social and moral questions. Political development and security issues in the region will also be high on the agenda.

The Jordan Times