Riyad financial district suffers rare attack, Saudi Arabia's plan to attract foreign investment hit again
2026-11-09 02:03:04
According to CoinMeta, Houthi militants attacked a landmark building in Riyadh's financial district, disrupting the city's plans to return to normal about a month after a deadly attack. A previous fatal strike on Riyadh Airport had led to disruptions in travel and the cancellation of several landmark events. This rare attack on Riyadh's Financial Center (KAFD) may cause concern among international companies that have already been affected by months of regional conflicts. KAFD is home to Saudi Arabia's Public Investment Fund, stock exchange, global consulting firms, and financial giants including Goldman Sachs and Brookfield. At the time of the attack, KAFD was in a remote working arrangement, so the immediate impact was relatively limited. The instability in Saudi Arabia may further increase pressure on Crown Prince and de facto leader Mohammed bin Salman, who is striving to ensure that the country's multi-trillion-dollar economic diversification plan moves forward as planned. Over the past month, Saudi Arabia has had to postpone or cancel several events, including the AFC Asian Cup and the Future Investment Initiative Forum (FII), which were expected to boost the Saudi economy and attract more foreign investment.
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Source:Jin10 Data
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