President Donald Trump will speak at a Saudi Arabia-backed summit on Wednesday in Miami, just a day after Secretary of State Marco Rubio met with Russian officials in Riyadh.
The FII Priority Summit is hosted by Saudi Arabia’s sovereign wealth fund and attended by global tech executives and financiers, Reuters first reported. The president will deliver remarks at the summit, several people with knowledge of the event told Reuters. FII describes itself as a “global non-profit foundation” with interests in AI and robotics, education, healthcare, and more.
According to White House scheduling, Trump will participate in the summit at 5:00 p.m. ET on Wednesday and will return to the White House Wednesday evening.
It’s not immediately clear what the president will speak on, but the event comes only a day after Rubio met with Russian officials in the Saudi capital to discuss an end to the war in Ukraine, as well as foreign ministers of France, Germany, Italy, and the United Kingdom, as well as the European Union’s High Representative for Foreign Affairs. Trump’s appearance, like Rubio’s meeting, could signal the Trump administration’s interest in forging a strategic partnership with the Saudis.
Trump’s Middle East Envoy Steve Witkoff will also participate in a session moderated by Jared Kushner, Trump’s son-in-law and the CEO of Affinity Partners, a private equity firm.
That session will deal with the question: “Is a new era of US-Middle East economic cooperation dawning?”
Trump’s remarks also come as he seriously considers plans to relocate around two million Palestinians from Gaza to Egypt, Jordan, and other Arab countries, allowing for the United States to “take over” the region and to create an economy that would “supply unlimited numbers of jobs and housing for the people of the area.”
Trump has also said that America would work “with great development teams from all over the World” to rebuild the territory that has been controlled by Hamas terrorists, adding that no American troops would be needed on the ground.
“With the United States being in control of that piece of land … you can have stability in the Middle East for the first time,” Trump told reporters at the White House earlier this month. “And the Palestinians, or the people that live now in Gaza, will be living beautifully in another location.”
Zach Jewell contributed to this report.