U.S. President Donald Trump is scheduled to attend a meeting of global financiers and tech executives hosted by Saudi Arabia’s sovereign wealth fund in Miami later in February, according to several people with knowledge of the event.

Trump’s participation would come after Saudi Arabia condemned his call to displace Palestinians from Gaza as part of a U.S.-led rebuilding plan.

It also follows Trump’s call in January for Riyadh to invest $1 trillion in the U.S. – a figure about matching the size of the Saudi PIF sovereign fund’s assets.

According to the people, who spoke to Reuters on condition of anonymity, Trump is scheduled to deliver an in-person address at the gathering.

A Riyadh-based representative for the FII Priority summit, scheduled for February 19 to 21, declined to comment. Representatives for the U.S. embassy in Riyadh didn’t immediately respond to a request for comment.

It demonstrates that the U.S.-Saudi relationship is multi-dimensional and Riyadh is able to compartmentalise policies because it has become increasingly transactional in how it manages foreign relations, Neil Quilliam, associate fellow at the Middle East and North Africa Programme of London-based think tank Chatham House.

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Source : https://www.globalbankingandfinance.com/TRUMP-FII-MIAMI-1a25be65-6682-481b-9218-d42820d5eab0