On May 13, an important investment forum will take place in Riyadh, the capital of Saudi Arabia, featuring leading American entrepreneurs and top executives, including Donald Trump, Elon Musk, Mark Zuckerberg, Larry Fink, and Sam Altman. According to the New York Post, the event, unofficially dubbed “MAGA in the Desert,” is timed to coincide with the former U.S. president’s visit to the region.
The forum is expected to be a landmark event in international business relations, with agreements totaling over $600 billion planned for signing. These deals will cover key sectors such as defense, artificial intelligence (AI), energy, and healthcare. In addition, the forum will include prominent figures from the global economy, including executives from major corporations like Citigroup, Boeing, and Palantir.
Special attention at the event will be given to the development of artificial intelligence and cryptocurrency technologies, with a particular focus on the participation of David Sachs, the White House Special Representative for these fields. The forum will be chaired by Saudi Arabia’s Crown Prince Mohammed bin Salman, highlighting the strategic significance of the event for both countries.
This event carries historical significance, as it recalls Donald Trump’s first overseas visit in 2017, when he also visited Saudi Arabia.
The forum is expected to address not only business and investment issues but also matters of security and the future of global economic relations. The participation of major U.S. business leaders such as Musk and Zuckerberg signals a strong interest in fostering closer ties with Saudi Arabia, one of the leading economies of the Middle East.
