What Happened
Riyadh Airport Closure Sparks Global Business Exodus
The Future Investment Initiative, a major summit in Riyadh, has been postponed to 2027 due to safety concerns and the refusal of 19+ airlines to operate flights to the city. The decision comes after repeated Houthi missile strikes on King Khalid International Airport, which has severely disrupted air travel to the city. The postponement is a significant blow to Saudi Arabia’s economic ambitions, as the country seeks to attract international investment and host major global events. The news was first reported by various sources, including Semafor and Reuters.