How are Yemen’s Houthis attacking Saudi Arabia so effectively?

The European Union and Gulf Cooperation Council announced the postponement of a joint summit scheduled for next week in Saudi Arabia due to safety concerns. This decision follows Houthi attacks on airports and civilian infrastructure within the kingdom. Houthi military spokesman Yahya Saree stated that operations toward Saudi targets will continue in the coming days, describing them as legitimate responses to Saudi strikes on Yemen.

Following a strike on Saudi Aramco’s headquarters, Saudi-led forces reported intercepting a Houthi ballistic missile aimed at Riyadh, while local journalists reported hearing loud blasts in the capital. According to the Japan Times, these attacks are undermining the perception of Saudi Arabia as a safe destination for foreign investment as the country seeks to diversify its economy away from oil.

Geopolitical instability has also impacted Saudi Arabia's large-scale projects. City AM reports that the Public Investment Fund intends to reduce its 2034 World Cup stadium construction plans from eight new venues to three, including the cancellation of projects in Qiddya, Neom, King Abdullah Economic City, Roshn, and New Murabba. The fund has also retreated from investments such as the WTA Finals and Saudi-based snooker tournaments.

Brief written by urgent.news from Japan Times, Yahoo Sports, Time, Ajel English, City AM — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.