The decision follows private warnings from Wall Street executives to organizers and the head of the Public Investment Fund regarding attendee safety. Similar disruptions occurred at the WPC Energy Congress, which saw cancellations from representatives of Exxon, BP, and Shell. Interest among international firms has also cooled as the PIF has shifted its focus toward domestic projects and reduced the number of investment mandates available for foreign partners.
Tuesday, October 20, 2026
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Saudi Arabia Scraps In-Person Investment Summit Over Houthi Attacks
Global Markets1 day ago
The government in Riyadh will not host the face-to-face components of its premier investment conference next week. The Future Investment Initiative, widely known as "Davos in the Desert," will either move to a virtual format or be postponed entirely because of security risks from Houthi militia strikes. Ansar Allah forces have hit King Khalid Airport in Riyadh at least 4 times, causing damage to Terminals 3 and 4 as part of a "blockade for blockade" strategy targeting energy and travel infrastructure.
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