Saudi Arabia cancelled the Future Investment Initiative, known as Davos in the Desert, on October 19, citing safety concerns for dignitaries after repeated Houthi attacks on Riyadh's airport this month. The conference, run by the Public Investment Fund chaired by Crown Prince Mohammed bin Salman, drew $50 billion in deals last year and $250 billion in commitments since 2017. The U.S. ordered non-emergency government employees and family members out of Saudi Arabia only, not across the Gulf. Reporting now weighs the lost deal pipeline against weaker fundamentals: foreign direct investment was about $30 billion in 2025 against a $100 billion target, and the IMF expects a 3.3% contraction.