Saudi Arabian government ministers attending a Euromoney conference in Riyadh on Wednesday made little mention of last weekend’s drone attacks on two Saudi oil facilities. The emphasis was on downplaying any impact on the country’s economy one day after Saudi Aramco had reassured investors that its initial public offer was still on track and lawmakers had approved capital market reforms.
While the drone attacks ‒ claimed by Houthi rebels based in Yemen but blamed on Iran by the US ‒ have shaken an already fragile geopolitical situation, Saudi officials are keen to press ahead with the country’s attempts to attract foreign investment to the economy as it looks to diversify its revenues away from oil.
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