The tenth edition of the Future Investment Initiative was scheduled to be held next week
Saudi Arabia has postponed its flagship investment forum until next year, organizers have announced, as Houthi strikes have continued to hit the kingdom.
Launched in 2017, the Future Investment Initiative (FII) conference, often dubbed ‘Davos in the Desert’, brings together world leaders, top executives and global investors.
“This decision comes from a deep commitment to our partners, members, speakers, and delegates,” FII Institute CEO Dr. Maha Bint Mishari Al Saud said in a press release on Monday, adding that the new 2027 dates would be announced soon.
The event was set to mark the conference’s tenth anniversary, with financial and tech heavyweights including BlackRock CEO Larry Fink, Alphabet President and Chief Investment Officer Ruth Porat, and Goldman Sachs CEO David Solomon expected to attend.
The conflict with the Houthis, also known as Ansar Allah, has caused broader disruptions in Saudi Arabia. Government agencies and businesses in Riyadh, including those at the Kingdom Center and King Abdullah Financial District, have instructed some employees to work remotely, according to Al Jazeera.
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