Private jet charter costs from Saudi Arabia soar after Houthi attacks
Demand from wealthy travellers leaving kingdom pushes up prices more than 50%, brokers say
Saudi Arabia has postponed its Future Investment Initiative (FII) conference to 2027 due to increasing missile and drone attacks by Iran-backed Houthi rebels. The event, typically held in Riyadh from October 26 to 29, was expected to feature executives from major financial institutions. The decision comes after a Houthi attack on King Khalid International Airport in Riyadh, which killed at least 13 people, and threats to other strategic sites.
Princess Maha Bint Mishari Al Saud announced the postponement, stating that the new dates would be announced soon and that existing registrations and partnerships would remain valid. The 2026 conference was to feature prominent figures such as JPMorgan Chase CEO Jamie Dimon and Citigroup CEO Jane Fraser. S&P Global's Dan Yergin stated that the security situation made the postponement a "reasonable decision."
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