On February 19, Donald Trump will participate in the FII Priority Summit in Miami, a strategic meeting with Saudi investors and global economic leaders.
The event, organized by Saudi Arabia’s Sovereign Wealth Fund, PIF, the country’s main state investment vehicle chaired by Yasir Al-Rumayyan, will feature prominent figures such as the CEOs of TikTok and Oracle. It is an opportunity the billionaire aims to leverage to strengthen relationships and promote his economic vision.
The summit takes place in a tense geopolitical context. The Republican leader, who has consistently advocated for close ties with Saudi Crown Prince Mohammed bin Salman, seeks to persuade investors to bring up to one trillion dollars to the United States. So far, the kingdom has pledged $600 billion over the next four years, but the former president is looking to revitalize the economic axis between Washington and Riyadh.
However, Trump’s presence at the event comes at a sensitive moment. His recent statements regarding the need to relocate Palestinians from the Gaza Strip have sparked intense reactions in the Arab world. Nevertheless, he does not seem willing to backpedal and continues to push his vision of a grand agreement between the United States, Israel, and Saudi Arabia, which would include diplomatic recognition and security investments.
According to the official invitation, Trump will deliver the opening speech at the conference, reaffirming his commitment to attracting foreign capital to the U.S. The event, sponsored by the Future Investment Initiative Institute an international organization that promotes investments and fosters dialogue among economic leaders, entrepreneurs, and institutions highlights Saudi Arabia’s economic influence. Its sovereign wealth fund manages over $900 billion in assets and has already invested more than $100 billion in the U.S. from 2017 to 2023.
Trump’s participation in the Miami event underscores the complexity of U.S.-Saudi relations. While the United States pushes for greater investments, Arab leaders remain cautious about the Palestinian issue. Jordan’s King Abdullah II, after a recent meeting at the White House, reiterated that he will not support the forced relocation of Gaza Strip residents, signaling that the matter remains unresolved.
Thus, the meeting stands as a crucial moment on both economic and diplomatic fronts, a challenge that could redefine America’s international alliances.
