Report
Saudi Arabia postponed its flagship investment conference amid Houthi attacks
Semafor argues that war, rising debt and scaled-back projects are testing Mohammed bin Salman's plans to diversify Saudi Arabia.
TLDR
AL-MONITOR reports that Saudi Arabia postponed its flagship investment conference, known as “Davos in the Desert,” as Houthi attacks continued. It says attacks on Riyadh’s airport and other infrastructure also forced several event cancellations. Semafor’s Matthew Martin argues that the war, a widening budget deficit and scaled-back projects are putting Crown Prince Mohammed bin Salman’s economic ambitions under strain.
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