Saudi Arabia delays Davos in the Desert

Saudi Arabia has canceled the "Future Investment Initiative" conference scheduled for October due to escalating attacks by the Iran-backed Houthis against the kingdom, including targeting Riyadh Airport after repeated missile strikes on other airports and strategic sites. The decision comes amidst intensified hostilities with the Houthis, which have caused damage, injuries, and negatively impacted Saudi Arabia's efforts to diversify its economy and attract foreign investment. A new date for the event is expected to be announced in 2027.

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