Jago Times "English Edition" Best Online Newspaper
RIYADH: US government officials have not been invited to a Saudi investment conference planned for later this month, its organiser told AFP on Monday, saying he did not want the gathering “to become a political platform”.
The decision not to invite American officials, a departure from previous years, comes as tensions rise between longtime partners Washington and Riyadh over the Saudi-led OPEC+ cartel’s recent vote to cut oil production by up to two million barrels per day from November.
The Future Investment Initiative (FII), a three-day conference set to begin on October 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world, and up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event.
It is often referred to as “Davos in the Desert”.
Saudi Arabia has in recent days rejected US accusations it has aligned itself with Russia amid the Ukraine war.