The World Economic Forum (WEF) has postponed its upcoming conference in Saudi Arabia due to escalating regional tensions linked to the Iran war.
The organisation announced the decision in a statement on Tuesday, noting that the Global Collaboration and Growth Meeting, initially scheduled to hold in Jeddah in April, will be rescheduled.
The move reflects a growing trend of high-profile events being disrupted amid geopolitical uncertainties in the Middle East.
The WEF said the decision was taken to ensure optimal conditions for the meeting’s objectives and impact.
The WEF added that a new date for the conference will be communicated in due course.
The postponement highlights how rising geopolitical risks are influencing global business and policy engagements.
The WEF’s decision follows similar actions by major global institutions adjusting event plans due to the ongoing conflict.
These developments underscore broader concerns about stability and logistics in the region.
Global firms are increasingly prioritising risk management in event planning amid geopolitical uncertainty.
The shift signals a cautious approach by international organisations seeking to maintain participation and strategic value.
Nigeria has continued to strengthen its presence at WEF events, leveraging the platform to promote investment and economic reforms.
The government says it is shifting from broad investment promotion to problem-solving aimed at unlocking delayed capital.
A recent report by Swiss newspaper SonntagsZeitung had stated that initial findings from an ongoing investigation into the conduct of Klaus Schwab, founder and long-time head of the WEF, suggest that he may have manipulated key economic rankings and submitted unjustified expense claims.