Khashoggi crisis compounds bankers’ ‘Vision 2030’ fears

The murder of a Saudi journalist has led to the withdrawal of international financiers from Saudi Arabia’s state-run investment conference, and compounded growing fears over the kingdom’s leadership.

A steady stream of cancellations by high-ranking bankers scheduled to speak at Saudi Arabia’s ‘Future Investment Initiative’ (FII), due to begin tomorrow, is the latest sign of strain between the kingdom and the international banks needed to deliver its ‘Vision 2030’ reform programme.

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Jamal Khashoggi

The banking community’s public turn against Saudi Arabia comes after widespread outrage at the disappearance and since confirmed death of Jamal Khashoggi, a prominent Saudi journalist who wrote critically of the kingdom’s leadership.

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