Saudi postpones top investment conference to 2027 after Houthi attacks

A major Saudi investment conference has been postponed to next year, its chief executive officer said on Monday, as the kingdom comes under repeated attacks from Yemen’s Iran-backed Houthis.
The annual Future Investment Initiative (FII), often dubbed “Davos in the Desert”, was scheduled to take place from October 26-29.
For nearly a decade, it has served as a showcase for Saudi Arabia’s efforts to attract global investors, business leaders and heads of state.
The postponement deals a blow to the kingdom’s ambitions to draw foreign capital, diversify its oil-reliant economy and push its reform agenda.
In a statement posted on X, FII Institute CEO Maha Al Saud said the gathering wou...