Saudi Arabia Postpones Future Investment Initiative to 2027 After Deadly Attacks
Organisers announced on Monday that Saudi Arabia's premier investment conference, the Future Investment Initiative, has been delayed until 2027. Originally set for October 26 to 29, the 10th edition of the event will have a new date revealed "very soon." Earlier reports from Reuters indicated that the in-person gathering was canceled, leading to discussions about postponement. This decision comes in the wake of recent deadly attacks in the kingdom amid escalating Middle East tensions, which have impacted business operations. The country has experienced numerous missile and drone assaults from Yemen's Houthis. Known informally as "Davos in the Desert," this state-sponsored conference attracts top global financiers and highlights Saudi Arabia's investment strategies aimed at diversifying its economy beyond hydrocarbons. Expected speakers include David Solomon, Bill Winters, and Jane Fraser.
Key facts
- The Future Investment Initiative was postponed to 2027
- The event had been scheduled for October 26 to 29
- Organisers said a new date would be announced "very soon"
- The conference was set for its 10th edition
- Reuters reported earlier Monday that the in-person event had been scrapped
- Saudi Arabia has faced repeated missile and drone strikes from Yemen's Houthis
- The event is informally known as "Davos in the Desert"
- Draft programme speakers included David Solomon, Bill Winters and Jane Fraser
Entities
Artists
- David Solomon
- Bill Winters
- Jane Fraser
Institutions
- Future Investment Initiative
- Goldman Sachs
- Standard Chartered
- Citi
- Reuters
- World Economic Forum
- Houthis
Locations
- Saudi Arabia
- Yemen
- Switzerland