Saudi Arabia postpones 'Davos in the Desert' until 2027 amid Houthi attacks
Organizers said the 10th edition will move to 2027 after attacks disrupted travel and raised safety concerns for executives and delegates.
- On Monday, Saudi Arabia announced the postponement of its flagship Future Investment Initiative conference until 2027, citing recent deadly attacks across the kingdom that have disrupted business as the Middle East conflict widens.
- Deadly attacks by Yemen's Iran-backed Houthi rebels targeted King Khalid International Airport in Riyadh, forcing a week-long closure that killed 17 people and wounded more than 300.
- Flight disruptions persist despite the airport's reopening on Sunday, with 108 flights canceled Monday, equivalent to 18% of scheduled services, according to aviation tracking website Flightradar24.
- American embassies across the Gulf, Israel, Iraq, Lebanon, and Jordan told American citizens on Monday to be on high alert, warning that "hostilities have the potential to escalate rapidly."
- Originally scheduled for Oct 26-29, the tenth edition was set to host global leaders including BlackRock CEO Larry Fink and JPMorgan CEO Jamie Dimon to discuss economic transformation plans.
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One of the sources indicated that the event "will not be held on the scheduled date" and that the organizers do not plan to announce a new date immediately. This year's edition of the forum known as the "Desert Davos" was scheduled to be held in the capital Riyadh from 26 to 29 October. Last week, diplomatic sources had told the AFP that the event could be held in a hybrid format, combining face-to-face and virtual participation, and some attend…
Saudi Arabia announced that the tenth edition of the Investment Future Initiative Conference would be postponed until 2027, amid heightened security concerns and attacks on vital facilities, with existing registrations and partnerships still valid.
(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Saudi Arabia, facing its worst security crisis in history as the offensive by Yemen's pro-Iranian Houthi rebels intensifies, at the end of this month...
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