اليكم الان Postponement of the “Davos of the Desert” Reveals the Cost of the Escalation on Saudi Arabia’s Economic Ambitions والان إلى التفاصيل من المصدر الخبر اليمني
The decision to postpone the Saudi Future Investment Initiative conference to the year 2027, to the rhythm of the missile and drone attacks, represents a blow to Riyadh’s efforts to market itself as a global center for business and investment, and places its plans to diversify the economy within Vision 2030 before a test that transcends financial calculations to security stability and the Kingdom’s international image.Exclusive — Al-Khabar Al-Yemeni:The “New York Times” newspaper reported on Monday that the organizers of the conference, known as the “Davos of the Desert,” informed the participants of the postponement of its session scheduled for the 26th of this current October, after they discussed the options of holding it via the internet, before they decided to postpone it entirely.The decision came after a number of the invitees canceled their attendance plans, while others changed their travel routes due to the security fears and the flight disruptions.Read also: The Wall Street Journal: Saudi Arabia has no good options against Houthi attacks and threats that affect its ability to resilienceA Main Platform for Vision 2030:According to the newspaper, “the conference does not represent merely an annual gathering of businessmen and investors; rather, it constitutes one of the most prominent international platforms on which Saudi Arabia relies to promote Vision 2030, aimed at reducing dependence on oil and expanding the role of the tourism, sports, technology, and other sectors in the economy.”By attracting the leaders of sovereign funds and the heads of banks, financial institutions, and major international companies, Riyadh seeks to open direct channels with international capital, market its major projects, and build financing and technical partnerships that support the economic transformation plans.The wide participation in the conference acquires an importance that transcends the value of the deals that may be announced during it; as it enables Saudi Arabia to present itself as a destination capable of hosting major investors and decision-makers, and providing an appropriate environment for long-term business.From this standpoint, the postponement of the event deprives the Kingdom of a main platform for presenting its economic ambitions before a wide international audience.The conference had attracted more than 8,000 participants in its previous session, and included prominent figures in the finance and business sectors, among them Larry Fink, the head of “BlackRock,” and Jamie Dimon, the head of “JPMorgan Chase.”Read also: Yemen’s Attacks Push Energy Company Leaders to Withdraw from the Riyadh ConferenceBeyond the Economy:In addition to its investment function, the “Davos of the Desert” plays an important diplomatic role in Saudi Arabia’s foreign strategy. The gathering of business leaders, government officials, and international figures on one platform enables Riyadh to strengthen bilateral relations, expand strategic partnerships, and present an image of its regional and international role.Thus, the economic dimension of the conference intertwines with the Kingdom’s endeavors to strengthen its international influence and show its ability to combine investment interests and political dialogue.Also, the presence of prominent international figures grants the event a weight that transcends commercial deals, and makes it a space to affirm Saudi Arabia’s position in the global finance and business networks.Hence, the postponement of the conference does not limit its impact to the schedule of events or the opportunities for concluding deals during its days, but extends to one of the tools that Riyadh uses to market its economic transformations and expand its international presence.Security Is a Condition for Attracting Investment: ponement decision came in light of the escalation of the security risks and the travel disruptions linked to the attacks that target the Kingdom.According to the “New York Times,” “the Yemeni attacks on King Khalid International Airport in Riyadh during this month led to the killing of at least 13 people and the wounding of hundreds, in addition to the closure of the airport and the cancellation of thousands of flights.The Saudi authorities also imposed additional restrictions on flights from and to the main airport in Riyadh, and required obtaining prior explicit permission for each arrival or departure flight, according to an official notice that entered into force on Saturday evening.These developments make clear how the security risks can turn into a direct obstacle before hosting international events, even when they are of great economic and strategic importance. For the presence of investors and executive officials depends, along with the attractiveness of the offered opportunities, on the possibility of traveling safely and regularly.The impact of the security fears was not limited to the conference; as other events in the Kingdom witnessed postponement or cancellation, while a number of the CEOs of major energy companies, among them officials from “Exxon,” “Shell,” “Chevron,” and “BP,” withdrew from the World Energy Conference that Riyadh hosted last week, according to the newspaper.A Test for the Kingdom’s Investment Image:Saudi Arabia faces, through the postponement of the “Davos of the Desert,” a double challenge: continuing the implementation of the economic diversification plans, and maintaining the Kingdom’s image as a stable environment capable of attracting major international investments and events. ponement of one session does not necessarily mean the stumbling of Vision 2030 or the halt of investment flows, but it reveals the extent to which the economic plans are affected by the factors of security and geopolitics, and the difficulty of separating the investment ambitions from the conditions that allow investors to work and move with confidence.In sum, the importance of the “Davos of the Desert” transcends being an annual conference; it is a platform that combines economic promotion, diplomacy, and the making of Saudi Arabia’s international image.Its postponement places these dimensions before a practical test, whose title is that the success of the economic transformation plans does not depend on the size of the projects and opportunities alone, but also requires a security environment that allows attracting investors and convincing them to attend, and that is what Saudi Arabia lacks in light of its continuation of imposing the war and siege on its neighbor Yemen.
Postponement of the “Davos of the Desert” Reveals the Cost of the Escalation on Saudi Arabia’s Economic Ambitions first appeared on الخبر اليمني.
postponement of the davos of the desert reveals the cost of the escalation on saudi arabia s
المزيد من التفاصيل - اضغط هنا
الخبر اليمني postponement of the davos of the desert reveals the
كانت هذه تفاصيل Postponement of the “Davos of the Desert” Reveals the Cost of the Escalation on Saudi Arabia’s Economic Ambitions نرجوا بأن نكون قد وفقنا بإعطائك التفاصيل والمعلومات الكامله .
وننوه بأن الموضوع الأصلي قد تم نشرة ومتواجد على الخبر اليمني و قام فريق العمل في برسبي نيوز بالتاكد منه او ربما تم التعديل علية او قد يكون تم نقله بالكامل اوالاقتباس ويمكنك قراءة الموضوع من مصدره الاساسي.