Saudi Arabia has delayed its major investor conference until 2027 after Houthi attacks, including a deadly airport strike, raised security concerns.
01Summary
- 01The Future Investment Initiative was postponed from its scheduled October 26-29 date in Riyadh.
- 02Houthi militants attacked King Khalid International Airport on October 10, killing 12 and injuring over 300.
- 03Speakers included Jamie Dimon, David Solomon, Stephen Schwarzman, Larry Fink and Jane Fraser.
- 04Some attendees had planned to fly to Bahrain and drive five hours to Riyadh for safety.
- 05The conference launched in 2017 has been central to Saudi plans to diversify its oil-dependent economy.
02Why it matters
This postponement signals that the Houthi escalation is directly disrupting Saudi Arabia's economic ambitions, including its flagship investment event and efforts to attract global business.
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