Sponsors are dropping out of Saudi Arabia’s ‘Davos in the desert’

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Sponsors are dropping out of Saudi Arabia’s ‘Davos in the desert’

London (CNN Business)Media companies are reconsidering their association with a high-profile business conference in Saudi Arabia as questions mount about the kingdom’s role in the disappearance of journalist Jamal Khashoggi.

The Future Investment Initiative, also known as “Davos in the desert,” is hosted by Saudi Crown Prince Mohammed bin Salman and is part of his Vision 2030 plan to break the country’s dependence on oil.
The conference is scheduled to take place between October 23 and October 25 in Riyadh. Major political and business figures have been invited to speak and several big companies, including Siemens (SIEGY), MasterCard (MA) and Deloitte are listed as “strategic partners” for the event on its website.