Saudi Arabia postpones in-person investor summit due to Houthi attacks

• Saudi Arabia has postponed its flagship investor summit, originally planned for 2023, to 2027.
• The decision follows missile attacks by Iran-backed Houthi rebels, targeting critical infrastructure.
• The Houthi attacks have caused significant security concerns across the kingdom.
• The postponement is a blow to Saudi Arabia's ambitions of becoming a business hub and attracting foreign capital.
• The attacks have also raised questions about the safety of other major events in the region.