How the Iran war is ruining Saudi Arabia’s plans

The ongoing conflict between the United States and Iran has had a significant impact on Saudi Arabia's plans, causing widespread damage and disruption. Earlier this month, Yemen's Iran-backed Houthi militia launched a missile attack on an airport in Riyadh, killing at least 13 people and injuring over 300 others. In response, Saudi Arabia retaliated by striking oil facilities in Yemen, and the Houthis retaliated with more strikes targeting Saudi oil infrastructure.

These attacks are part of a decade-long conflict between the two countries, which intensified when the Houthis became affiliated with Iran's network of proxy groups. The current violence has far-reaching implications for the United States, Israel, and the global energy economy. Moreover, the attacks have severely affected Saudi Arabia's efforts to diversify its economy, attract foreign investment, and establish itself as a hub for finance, travel, and tourism.

The country's upcoming Future Investment Initiative was postponed until 2027 due to the attacks. The country's leader, Crown Prince Mohammed bin Salman, is facing immense pressure as he tries to establish Saudi Arabia as the region's premier economic hub.