politics

Trump joined by dozens of CEOs during his Middle East trip


U.S. President Donald Trump and Boeing CEO Kelly Ortberg attend a signing ceremony with Qatar’s Emir Tamim bin Hamad Al Thani (not pictured), in Doha, Qatar, May 14, 2025.

Brian Snyder | Reuters

More than 30 business leaders representing America’s top companies joined President Donald Trump on Tuesday for a lunch in Saudi Arabia during the president’s high-stakes Middle East tour.

A list provided by the White House includes executives from big banks, AI companies, defense contractors and retail giants. It also paints a larger picture of executives and companies that have cultivated ties with the second Trump administration.

The impetus to be there is simple: Invitations to attend U.S. presidential events overseas are among the most prestigious in politics and in business. They offer executives a chance to network with Saudi investors, build relationships and show patriotic support for American industry.

In some ways, the stakes are higher this year than they might have been in the past. Many of the companies are facing challenges and uncertainty caused by Trump’s tariff and trade policies.

Many corporate leaders are taking every available chance to further joint goals and interests with famously transactional president.

The lunch was part of a packed schedule for the president, who is currently touring the Middle East. In a speech on Tuesday, Trump praised Saudi Arabia after the White House announced it had secured $600 billion in investments from the kingdom.

The lunch was hosted by Saudi Crown Prince Mohammed bin Salman at the Saudi royal court in Riyadh. Many of the companies represented also contributed to Trump’s inauguration fund, which raised a record-breaking $239 million, much of which is expected to be spent on Trump’s presidential library project.

Some of the executives in attendance have already announced deals secured during the trip.

Here are some of the notable attendees.

Elon Musk, CEO of Tesla and SpaceX

Tesla CEO Elon Musk reacts ahead of a state dinner hosted by Qatar’s Emir Tamim bin Hamad Al Thani during a visit by U.S. President Donald Trump, at Lusail Palace in Lusail, Qatar, May 14, 2025.

Brian Snyder | Reuters

Alex Karp, CEO of Palantir

Kelly Ortberg, CEO of Boeing

U.S. President Donald Trump speaks with Boeing CEO Kelly Ortberg and Qatar’s Emir Tamim bin Hamad Al Thani ahead of a state dinner at Lusail Palace in Lusail, Qatar, May 14, 2025.

Brian Snyder | Reuters

Jensen Huang, CEO of Nvidia

Sam Altman, CEO of OpenAI

OpenAI’s Altman donated $1 million to the Trump inauguration fund and in January, he posted on X, “watching @potus more carefully recently has really changed my perspective on him.”

Altman is now working on the Stargate Project, a collaboration with the government to build artificial intelligence infrastructure.

Andy Jassy, CEO of Amazon

Larry Fink, CEO of BlackRock

Ruth Porat, president and CIO of Alphabet

Arvind Krishna, CEO of IBM

James Quincey, CEO of Coca-Cola

Dara Khosrowshahi, CEO of Uber

William Oplinger, CEO of Alcoa



Source link:www.cnbc.com

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