Saudis postpone investment conference until 2027 amid fighting with Houthis
Summary
Saudi Arabia has delayed its major investment conference, known as “Davos in the Desert,” until next year. This decision follows several deadly attacks on Saudi targets by Iran-backed Houthi rebels.Key Facts
- The conference affected is the Future Investment Initiative (FII) event.
- The 10th edition of the FII was planned to take place this year.
- Recent attacks by Houthi rebels caused Saudi Arabia to postpone the event.
- The Houthi rebels are supported by Iran.
- The attacks targeted locations inside Saudi Arabia.
- Organizers postponed the conference until 2027.
- The event is an important platform for Saudi Arabia to attract global investments.
- The postponement reflects ongoing conflict tensions in the region.
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