Houthi attacks may slow Saudi Arabia’s non-oil recovery
Houthi attacks on Riyadh airport could weigh on tourism, business travel and consumer-facing sectors across Saudi Arabia.
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what happened
Recent Houthi attacks on Riyadh airport could delay the recovery of Saudi Arabia’s non-oil economy, even if the tourism sector suffers limited damage, Capital Economics economist Jason Tuvey said. Dow Jones Newswires reported the assessment, citing a note from Tuvey.
He said that, even without additional attacks, security concerns could discourage tourists and business travelers ahead of the Future Investment Initiative, scheduled for later this month. The effects may be most visible in wholesale and retail trade, restaurants and recreational services.
The impact on non-oil GDP has so far been relatively modest, with the measure contracting by 0.4% in the second quarter, Tuvey noted.
why it matters
For markets, the assessment points to possible pressure on Saudi companies exposed to consumer spending, tourism and business activity. Persistent security concerns could reduce footfall in these sectors even if no further attacks occur.
instruments
sources
- Impact of Houthi Attacks on Saudi Arabia Could Spread to Non-Oil Sectors — Market Talk — Dow Jones Newswires, 12 October 2026 at 14:16 UTC
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