The decision follows Houthi missile attacks on the King Khalid Airport in Riyadh, where Terminals 3 and 4 were damaged across at least 4 strikes. Wall Street executives privately alerted the head of the Public Investment Fund to safety risks, mirroring a pattern of cancellations at the WPC Energy Congress involving delegates from Exxon, BP, and Shell. Global interest has also cooled as the sovereign wealth fund shifts its investment focus toward domestic projects.
Tuesday, October 20, 2026
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Saudi Arabia Postpones FII Investment Summit to 2027
Business1 day ago
The kingdom's most prominent investor gathering will not take place next week as Riyadh opts for a long-term delay. Organizers have rescheduled the Future Investment Initiative for 2027, ruling out the hybrid or virtual alternatives that were previously under consideration for the "Davos in the Desert" summit.
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