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Saudi Arabia Postpones Its FII Investment Event After Houthi Attacks

The Future Investment Initiative, a centerpiece of Saudi efforts to diversify its economy from its reliance on the energy industry, was set to begin next week.

Β© Fayez Nureldine/Agence France-Presse β€” Getty Images

The opening ceremony of the Future Investment Initiative, in Riyadh, Saudi Arabia, last year.

Saudi Arabia Postpones Its FII Investment Event After Houthi Attacks

The Future Investment Initiative, a centerpiece of Saudi efforts to diversify its economy from its reliance on the energy industry, was set to begin next week.

Β© Fayez Nureldine/Agence France-Presse β€” Getty Images

The opening ceremony of the Future Investment Initiative, in Riyadh, Saudi Arabia, last year.

Houthi Attacks on Saudi Arabia Put In Doubt Kingdom’s Sports and Business Events

The Iran-backed group’s attacks have disrupted sports tournaments and threatened business events that the kingdom has long used to attract investment and raise its profile.

Β© Baraa Anwer/Associated Press

Saudi Arabia’s capital, Riyadh, has been rocked by Houthi attacks in recent weeks that have forced the authorities to close the city’s main international airport.
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