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Donald Trump's Visit And Saudi-US Investment Forum

As Saudi Arabia eagerly prepares for the upcoming visit of US President Donald Trump next week, significant media focus has shifted to the highly anticipated Saudi-US Investment Forum.

Deputy Editor

4 months ago

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As Saudi Arabia eagerly prepares for the upcoming visit of US President Donald Trump next week, significant media focus has shifted to the highly anticipated Saudi-US Investment Forum. 

This exclusive, invitation-only event will be held at the luxurious Ritz-Carlton hotel in Riyadh on 13th May to foster deeper economic ties between the two nations. 

High-profile media outlets in the US have reported that influential business magnates such as Elon Musk, Mark Zuckerberg, and Larry Fink are expected to attend the forum. 

Additionally, sources indicate that approximately 15 Saudi ministers and senior officials will participate, alongside the chief executives of some of Saudi Arabia's largest companies and visionary giga-projects. 

Hundreds of prominent business leaders from Saudi Arabia and the United States are anticipated to mingle and discuss potential collaborations. 

The guest list is further distinguished by the inclusion of notable figures like OpenAI CEO Sam Altman, Citigroup CEO Jane Fraser, and Boeing CEO Kelly Ortberg, as well as David Sacks, who serves as the White House's advisor on artificial intelligence and cryptocurrency matters.

Their presence underscores the event's gravity and its focus on cutting-edge industries. According to invitations extended for the forum, the event is designed to "provide an exclusive opportunity to deepen engagement, unlock new investment avenues, and reaffirm our long-standing economic partnership." 

This statement reflects a mutual desire to enhance the economic collaboration that has traditionally characterized the Saudi-US relationship. 

While military cooperation and security alliances remain focal points of the bilateral ties, the expectation surrounding this conference is that it will catalyze the emergence of new industries and areas of cooperation. 

The forum aims to serve as a two-way investment platform, promoting collaboration in areas where both nations can benefit. 

Agreements to be signed during the event are anticipated to span innovative sectors, including artificial intelligence, advanced technology, and healthcare cooperation. 

These agreements could potentially reach a staggering total of at least $600 billion, a goal set by Crown Prince Mohammed bin Salman back in January. 

Notably, this event marks the first time a foreign leader spoke with Trump after his return to the White House, highlighting the significance of the Kingdom's willingness to strengthen its ties with the US. 

In a recent address at the Milken Institute in Los Angeles, Saudi Investment Minister Khalid Al-Falih articulated the Kingdom's perspective on its relationship with the US, emphasizing that it views the American market as unparalleled in aspects such as capital investments and innovation. “There is no close competitor to the US in many aspects, especially in their capital markets, given their depth and breadth, alongside their remarkable spirit of innovation,” Al-Falih asserted, affirming the importance of this partnership for both nations.

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