Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom
Iran-backed Houthi militants have launched repeated volleys of missiles and drones at Saudi Arabia since a deadly airport attack earlier this month.
TL;DR
- The Future Investment Initiative conference in Saudi Arabia has been postponed until 2027.
- The postponement is attributed to escalating missile and drone attacks by Iran-backed Houthi militants.
- The conference was originally scheduled for October 26-29 in Riyadh.
- A recent Houthi attack on King Khalid International Airport resulted in casualties.
- The conference is vital for Saudi Arabia's economic diversification efforts.
- The Houthis claimed responsibility for multiple attacks on various Saudi locations.
- The Saudi military has intercepted several drones and missiles.
- The event has attracted prominent figures from global business and finance in previous years.