Saudi Arabia has delayed its marquee investment gathering, widely known as "Davos in the Desert," in the wake of recent attacks. The high-profile event, formally called the Future Investment Initiative, attracts international financial executives, corporate leaders, and policymakers to Riyadh each year.
The postponement comes as Wall Street figures and global business leaders weigh security concerns surrounding travel to the kingdom following the security incidents, which reportedly involved Houthi attacks. Organizers have not yet announced a rescheduled date for the conference.
The delay represents a notable setback for the kingdom's economic outreach efforts and its ambitious modernization agenda championed by Crown Prince Mohammed bin Salman. The annual forum typically serves as a key platform for announcing major international business deals and foreign investments.