Mar 2 • 12:37 UTC 🇮🇹 Italy Il Giornale

Riyadh, the new escape route from the conflict for the super-rich

Riyadh has become a primary evacuation corridor for wealthy individuals fleeing escalating conflict in the Gulf region.

In recent hours, Riyadh has emerged as the main evacuation corridor for international financial elites trying to escape the growing military tensions in the Gulf. With missiles and Iranian drones striking cities like Dubai and Abu Dhabi, the Saudi capital has become one of the few accessible routes for those looking to leave a region sinking into chaos. What was once considered a safe and glamorous tax haven is now at the center of a military spiral due to retaliatory strikes following 'preventive' attacks by the United States and Israel against Iranian targets.

The escalation of tensions has left many residents and tourists in the Emirates in a state of panic as Iranian missiles have hit populated areas, resulting in civilian casualties. The strikes on UAE cities come as a part of a broader Iranian response that also includes drone and missile attacks across Israel, Qatar, Bahrain, Kuwait, and Oman. As a consequence of the conflict, airspace in the region has been paralyzed with thousands of flights canceled, stranding many travelers.

This rapid transformation of Riyadh from a lavish getaway to a critical exit point for the wealthy reflects larger geopolitical shifts in the area. As the region falls into disarray, the implications for international finance and real estate are substantial, as wealthy individuals scramble to secure their safety and assets. The effectiveness of Riyadh in accommodating fleeing elites will also determine its future as an investment and lifestyle destination amidst ongoing instability in neighboring countries.

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