Saudi Arabia has postponed its flagship Future Investment Initiative (FII) conference until 2027 following a series of Houthi missile and drone attacks targeting the kingdom.
The Future Investment Initiative (FII) is a major international investment conference held in Riyadh, Saudi Arabia, which normally brings together business leaders, investors, government officials and financial experts to discuss global economic trends and investment opportunities. Known as “Davos in the Desert,” the event supports Saudi Arabia’s efforts to attract foreign investment and diversify its economy beyond oil and gas.
The event was scheduled for October 26–29 in Riyadh and was expected to attract leading global financial executives, including the heads of JPMorgan Chase, Citigroup, Goldman Sachs and BlackRock.
Organisers said the postponement would help ensure the conference delivers its expected impact, adding that new dates would be announced soon.
The decision follows attacks on Saudi airports and energy infrastructure, including a deadly strike at King Khalid International Airport earlier this month. The escalating conflict has also prompted several countries to issue travel warnings.
The postponement presents a challenge to Saudi Arabia’s efforts to attract foreign investment and diversify its oil-dependent economy amid growing regional security concerns.
