Saudi Arabia postpones FII conference to January 2021 due to coronavirus

The inaugural edition of the Future Investment Initiative was held in 2017 in Riyadh [Twitter]

Saudi Arabia has postponed its fourth Future Investment Initiative (FII) conference to January 2021 from October this year, the organisers said on Tuesday, due to global travel issues related to the coronavirus pandemic.

The conference, which attracts chief executives of global companies and top government officials, will now be held on January 26-28, 2021, in Riyadh, with the title “The Neo-Renaissance”.

FII was previously scheduled to take place on October 28-29.

Saudi Arabia, with a population of around 30 million, has reported a total of 316,670 coronavirus cases and 3,929 deaths since March 2, when the first COVID-19 infection case was announced.

It has introduced some of the most drastic measures in the Gulf region to curb the spread of COVID-19, including halting international flights and limiting the numbers attending the haj pilgrimage to fewer than 1,000 people already resident in the kingdom.

Saudi Arabia still plans to host the G20 Summit in November.

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