[...] Trump will hold talks with Saudi Arabia’s leadership while he is in the
Kingdom with the aim of deepening bilateral trade ties to drive economic growth and create jobs, as well as developing significantly increased cooperation in areas of global security.
A SAUDI-U.S. CEO FORUM will be held on May 20 at the Four Seasons.
Bringing together business leaders from across the Kingdom and the United States, the Saudi-U.S. CEO Forum is a high-level one-day event designed to strengthen Saudi-U.S. business relationships by providing a platform to enhance bi-lateral trade and investment and break down barriers to enable closer economic ties.
At the end of today's press release:
A high-level Saudi-US CEO Forum will be held in Riyadh to coincide with the President’s visit at which more than 90 business leaders of American and Saudi Arabian companies will discuss mutual investment opportunities and partnerships to create jobs and drive economic growth. The summit will be hosted by the Custodian of the Two Holy Mosques King Salman. It will be attended by leaders from across the Islamic world.
Here is its agenda from the forum's site. Trump, along with the Custodian of the Two Holy Mosques, is going to witness the signing of a "Memorandum of Understanding".
On May 14, the Saudis issued a press release saying Trump is planning on signing multiple trade agreements.
What U.S. businesspersons are attending?
"Andrew Liveris, Chairman and CEO of Dow Chemical, Michael Corbat, CEO of Citigroup, Chuck Robbins, CEO of Cisco and Laurence Fink, Chairman and CEO of Blackrock."
The Saudis were probably informed of Trump's preference for graphics to assist his comprehension. Here's one they attached to a press release.
About Trump's kids not doing international deals after his inauguration: Here are Donald and Eric on Feb. 18, 2017, at the grand opening of the first piece of real estate in Dubai to have the Trump name.
The launch today sets the stage for two further Trump-branded properties — a cluster of high-end villas and a second golf course — to come online by end-2018.
Just last weekend, Donald Jr. was in Dubai to give a commencement address to graduates of American school. He also took time to meet with the Trump. Org.'s Dubai partner, the head of Damac.
Damac’s recent regulatory filings made by the company suggest possible future plans with the Trump Organization. In a prospectus for a sukuk, it noted Damac’s “product expansion also includes branding arrangements with ... the Trump Organization.”
It also listed plans for a “luxury boutique hotel to be operated by the Trump Organization” at Damac Hills. Days before becoming president, Trump had told journalists that DAMAC had offered the Trump Organization $2 billion in deals after his election, something Damac also confirmed.
The articles notes Trump's prior pledge of no new foreign investments:
The Trump Organization had earlier said it won’t make new foreign deals while Donald Trump serves as America’s 45th president. That didn’t affect the Trump International Golf Club in Dubai’s opening in February, while a previously planned Trump-branded golf course designed by Tiger Woods is being built nearby, AP reports.
Both are being built by Damac. which paid the Trump Organization’s subsidiaries between $1 million to $5 million for the projects, according to a US Federal Election Committee report submitted in May 2016.
Damac's President wrote on his Instagram page last week:
“It was great having my dear friend and business partner Donald Trump Jr. over for lunch,” a caption with the photo read. “Discussing new ideas and innovation always make our meetings even more interesting.”
The article continues:
Damac’s recent regulatory filings made by the company suggest possible future plans with the Trump Organization. In a prospectus for a sukuk, it noted Damac’s “product expansion also includes branding arrangements with ... the Trump Organization.”
This is the same company Trump was referring to when he said just before his un-inaugururation he turned down a $2 billion offer.
The press here didn't take much notice of another visitor Trump had this week at the White House: The Crown Prince of Abu Dhabi. Among the topics discussed:
[They] explored the prospects of economic cooperation and the importance of expanding their mutual trade ties to further enhance economic growth and achieve prosperity and well-being of the UAE and American people.
Here's the Crown Prince's Twitter page. He also separately met with Paul Ryan, the Defense Secretary and Rex Tillerson.
Here's more on the meeting from Gulf News.
Trump doesn't own anything yet in Abu Dhabi, although it's not from lack of trying. Here's an earlier post on Trump's financial investments in the Middle East and Ivanka's expressed intention for the Trump Org. to expand from Dubai to Abu Dhabi. Here's Ivanka from her website in 2015:
Abu Dhabi is the capital of the United Arab Emirates and it’s really a city unlike anyplace else. It’s growing at an impressive pace. The city’s towering skyscrapers are magnificent and I can’t wait to see the Trump name join the downtown Abu Dhabi skyline. (I’m also looking forward to seeing a gorgeous Trump resort on the beautiful white beaches of Saadiyat Island!).
The Abu Dhabi Tourism and Culture Authority rents space in Trump Tower. So does Qatar airlines. And a member of the Saudi royal family. My earlier post has links to photos.
At the same time Trump is reportedly committing to deals with Saudi Arabia, and discussing deals with the UAE, and his sons travel to Dubai, he's announcing the start of the "renegotiation of NAFTA..
Is Trump's trip intended to further potential economic opportunities for Trump. Org, which he still owns, either now through his sons, or after he departs Washington, for himself?
Why are Ivanka and Jared tagging along? Is Trump going to announce Jared found a solution to the Israel-Palestine conflict? What is Ivanka's role? Today she led a meeting of White House aides, at the White House, without the presence of her father, on Human Trafficking. She spoke for two minutes. Her experience is more attune to worker's rights violations than human trafficking.
Melania is also going on the Trump Family's Most Excellent Middle East Adventure. She'll be attending some spousal events.
Last (and probably least significant) the Saudis invited country music singer Toby Keith (who will perform at a Mens Only Concert. during Trump's visit.)
Donald Trump is such an embarrassment.