Google's parent company, Alphabet is the last company to boycott business conferences in Saudi Arabia. This boycott was carried out on their protest against the disappearance of journalist Jamal Khashoggi at the Saudi consulate office in Istanbul, Turkey.
Google said that Google Cloud Chief Executive Office (CEO) Diane Green would not attend the Future Investment Initiative. The event which is expected to attract business leaders around the world will be held on October 23.
Previously, the world's largest financial companies JP Morgan & Chase and automotive Ford had canceled their arrival at the conference. JP Morgan & Chase CEO Jamie Dimon and Ford Managing Director Bill Ford have stated they will not attend.
The cancellation of these two large companies could increase pressure on other US companies such as Goldman Sachs Group, Mastercard and Bank of America to consider taking the same steps. Both JP Morgan and Ford did not explain why they canceled their attendance at a conference in Riyadh.
Previously Uber CEO Dara Khosrowshahi, Viacom CEO Bob Bakish and AOL founder billionaire Steve Case had already canceled their attendance. While Goldman Sachs, Mastercard and Bank of America have not made a statement whether or not to boycott the event.
Meanwhile Citigroup and Credit Suisse Group AG declined to comment. CEO of Standard Chartered for Asia, Africa and the Middle East Bill Winters said he would continue to attend this investment conference.
The absence of business leaders around the world will overshadow the event that will last for three days. The conference is expected to be an event to promote the reform vision of Crown Prince Prince Mohammed bin Salman to foreign investors.