Saudi Arabia postpones 'Davos in the Desert' investment conference

Saudi Arabia announced the postponement of its influential “Davos in the Desert” investment conference, one of the world’s preeminent, in Riyadh over security concerns following continued Houthi attacks.

The annual Future Investment Initiative conference has been Saudi Crown Prince Mohammed bin Salman’s flagship event for garnering global influence since its first edition in 2017. Since then, it has only been canceled once, in 2020, because of COVID-19. In a statement sent to multiple outlets, FII announced this year’s conference, originally scheduled for Oct. 26-29, was being postponed until next year.