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Investors told of golden age of US-Saudi co-operation at Miami conference

Trump is strengthening bonds with the oil-rich kingdom as he strains ties with other traditional allies

Billionaires attending an investment conference in Miami hosted by Saudi Arabia were told of a new dawn of co-operation between the oil-rich kingdom and the US in an hour-long address by US President Donald Trump.

Yasir al-Rumayyan, governor of Saudi Arabia’s sovereign wealth fund, hosted the top executives of finance giants BlackRock, Citadel and many others as part of an annual effort to attract billions in new investment.

But Trump’s attendance, which was announced just days before the conference, underlined the importance of the kingdom to the president and his inner circle.

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