The Future Investment Initiative (FII), Saudi Arabia’s flagship financial forum, is to be postponed until January 2020 as a result of the Covid-19 pandemic.
The organisers of the event, often referred to as “Davos in the Desert”, decided against holding it online, preferring to move it to a later date in the hope that delegates can appear in person.
“After careful consideration and assessment of the global travel and airline outlook, as well as the regulations imposed by a significant number of countries, and in the context of the efforts deployed to overcome the impact of Covid-19, we have decided to postpone the fourth edition of the FII,” a statement issued by the organisers said.
Originally scheduled to occur in late October, the forum will run in January focusing on healthcare, sustainability, artificial intelligence and robotics.
The event has become a central plank of Crown Prince Mohammed bin Salman’s economic reforms.
Meanwhile the actual Davos investment forum, which normally takes place in Switzerland in January, has been moved to the summer as a result of likely travel restrictions.
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