The Kingdom announced Tuesday it will delay its flagship Future Investment Initiative until inbound ballistic missiles stop detonating near the venues where Wall Street executives are scheduled to discuss frictionless regional synergies.
The Kingdom announced Tuesday it will delay its flagship Future Investment Initiative until inbound ballistic missiles stop detonating near the venues where Wall Street executives are scheduled to discuss frictionless regional synergies.
Major U.S. financial figures from BlackRock and Goldman Sachs had already packed for the three-day "Davos in the Desert" event, prepared to publicly praise the Kingdom’s visionary transition toward artificial intelligence and luxury mega-cities. The sudden postponement has forced dozens of private equity chiefs to temporarily suspend their lucrative sycophancy until the airspace over the capital is cleared of explosive drones.
We remain deeply committed to the Kingdom's Vision 2030 and the incredible shareholder value to be unlocked here, but we prefer to do our strategic bootlicking in a zero-shrapnel environment.
The high-profile summit has historically weathered severe PR headwinds, most notably the 2018 state-sponsored dismemberment of a Washington Post columnist. However, analysts note that while global capital allocators are perfectly comfortable navigating sovereign human rights abuses, falling debris from intercepted rockets presents a much harder barrier to finalizing term sheets on a $50 billion solar initiative.
Rather than risk the physical safety of their top dealmakers, several New York-based asset managers have quietly asked the Saudi Public Investment Fund if the massive infrastructure contracts could simply be signed via a secure Webex link while the Patriot missile batteries reload.