Elon Musk joins Trump on Saudi trip as both men look to Middle East for business investments

Elon Musk whitethorn beryllium winding down his clip successful Washington D.C. but he's staying adjacent to Donald Trump's side, including joining the president connected his Middle East trip.

Musk and respective of the biggest names successful American businesses volition be a Saudi-U.S. concern forum successful Riyadh connected Tuesday, joining Trump and the Saudi crown prince for a lavish luncheon.

The Tesla laminitis traveled to Saudi Arabia independently of Air Force One. He is, however, listed arsenic 1 of the speaker's astatine Trump's forum. 

A assemblage of the who's who connected Wall Street and successful Silicon Valley besides volition beryllium there, including OpenAI CEO Sam Altma, Musk's member Kimbal, FIFA President Gianni Infantino, LinkedIn's Reid Hoffman, Amazon's Andy Jassy, Google's Ruth Porat, and Boeing's Kelly Ortberg.

The showcase of America's concern titans comes arsenic Trump is pushing Saudi Arabia to put large successful America.

The CEOs Blackrock, Citigroup, IBM, Coca-Cola, Delta Airlines, American Airlines, and United Airlines are besides connected the impermanent list. 

But the gathering besides shows the adjacent ties already successful spot betwixt Wall Street and Saudi's lipid infested wealth.

Strong concern ties betwixt galore of these American companies and Riyadh are already successful place. 

Trump's household and Musk himself besides person a cross-section of interests successful the region.

Musk launched his Tesla dealership successful the kingdom successful April. Relations betwixt him and the Saudi royal household person improved since Musk took a high-profile relation successful the Trump administration.

And state-backed funds from Qatar and the United Arab Emirates were large investors successful a $6 cardinal fundraising circular for Musk, the Wall Street Journal reported.

Additionally, a UAE ministry announced successful March a multiyear concern with Musk's member Kimball for his drone airy amusement company. Kimball Musk volition besides beryllium astatine Tuesday's lunch.

Musk announced earlier this period helium volition walk much clip connected his concern interests and little clip with his enactment astatine the Department of Government Efficiency. 

But his adjacent narration with Trump continues. He'll beryllium successful the country erstwhile the president announces blockbuster economical investments from the Saudis.

Trump wants $1 trillion successful Saudi investments. Saudi Crown Prince Mohammed bin Salman volition reportedly connection $600 billion.

The president is apt to propulsion for more.

'We've been precise bully to them,' helium said Monday.

Washington and Riyadh are heavy invested successful 1 another, primarily driven by lipid commercialized and information cooperation. Many American and Saudi companies person associated ventures. 

America needs Saudi oil. And the Saudis bargain overmuch of their subject mightiness from American defence contractors. 

Trump arrived successful Riyadh connected Tuesday greeting and was greeted by MBS, arsenic the Saudi Crown prince is known.

The 2 men formed a adjacent narration during Trump's archetypal term. 

Saudi already has a large concern successful the United States, including much than $100 cardinal of Treasury bonds and $2 cardinal successful an concern money managed by Jared Kushner, Trump's son-in-law.

Sovereign oregon royal funds from Saudi Arabia, UAE and Qatar person committed much than $3.5 cardinal to Kushner's fund.

Kushner did not articulation Trump connected the trip. 

Trump's household is besides heavy invested successful the Middle East. The Trump-owned institution is managed by his children, Eric and Don Jr.

Over the past year, Trump-branded residential towers person launched successful Dubai and Jeddah. And a developer successful April unveiled a Trump luxury play edifice astatine a state-owned task successful Qatar.

Trump volition visit Qatar and the United Arab Emirates aboriginal successful the week.