Saudi Arabia is preparing to host a high-profile U.S.–Saudi Investment Summit in Washington on November 19, coinciding with Crown Prince Mohammed bin Salman’s official visit to the U.S. capital.
Mohammed bin Salman © Mena Today
Saudi Arabia is preparing to host a high-profile U.S.–Saudi Investment Summit in Washington on November 19, coinciding with Crown Prince Mohammed bin Salman’s official visit to the U.S. capital.
According to sources familiar with the planning, the summit will take place on the sidelines of the Crown Prince’s visit but is not included in his formal schedule. The event aims to showcase new economic and investment opportunities between the two strategic partners.
Crown Prince Mohammed bin Salman is scheduled to meet with President Donald Trump at the White House on November 18, a senior U.S. official confirmed last week.
The summit, reportedly co-hosted by the Saudi Ministry of Investment and the U.S.–Saudi Business Council, will be held at the prestigious John F. Kennedy Center for the Performing Arts. Though not formally announced, invitations have already circulated in top business circles.
While both Trump and Bin Salman may make an appearance at the summit, their participation has not been officially confirmed.
The visit comes at a crucial time in regional diplomacy. The White House is eager to bring Saudi Arabia into the fold of the Abraham Accords, the U.S.-brokered agreements that have normalized ties between Israel and several Arab states.
Beyond investment and diplomacy, defense cooperation will also be on the agenda. Saudi Arabia remains one of the United States’ largest purchasers of military equipment.
Saudi oil giant Aramco announced Tuesday a 44% surge in net profit for the second quarter compared to the same period last year, driven by soaring crude prices amid the war in the Middle East.
Iran is betting it can outlast Washington by turning the Middle East's trade routes, shipping lanes and energy infrastructure into pressure points that steadily raise the cost of confrontation, according to Gulf officials and analysts.
Conflicting signals from the United States and Iran over the status of talks to end their five-month-old war boosted uncertainty on Tuesday, with the latest attack on shipping in the Strait of Hormuz highlighting risks to global energy flows.
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