🇸🇦🇾🇪 Saudi Arabia’s big plan to move beyond oil is running straight into Houthi missiles...
The kingdom wants $100 billion a year from foreign investors by 2030, but the attacks are making that a MUCH harder sell.
This week, the bosses of ExxonMobil, Shell, BP, and others were dropped from a major energy summit in Riyadh. The city’s main airport, hit 4x in a week, is shut until at least Oct 17.
Investors don’t need a country to collapse to get nervous. A closed airport and kids staying home from school are enough.
And there’s no quick fix. Saudi’s own allies in Yemen are split, and Trump still hasn’t decided whether to help.
The longer this drags on, the harder it gets to sell Saudi Arabia as the Middle East’s safest place to do business.
Source: Reuters / Writer: Daniyal
💬 48🔁 38
♥ 1,140👁 44K
Top reply · ♥ 0
Naija2capeblog @naija2capeblog ·
↗
@MarioNawfal A closed airport and missing CEOs don’t kill the projects, they just raise the risk premium. The longer it takes to show that these disruptions are temporary, the harder it gets to convince investors that the upside is worth it.








































