Trump to Announce $100B SoftBank Investment in the US

House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)
House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)
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Trump to Announce $100B SoftBank Investment in the US

House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)
House Speaker Mike Johnson, left, President-elect Donald Trump, from third left, Vice President-elect JD Vance and Trump’s pick for Defense Secretary Pete Hegseth, attend the NCAA college football game between Army and Navy at Northwest Stadium in Landover, Md., Saturday, Dec. 14, 2024. (AP Photo/Stephanie Scarbrough)

US President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is planning to invest $100 billion in US projects over the next four years.

That's according to a person familiar with the plans who spoke on condition of anonymity before the planned announcement. Trump is set to speak at his Mar-a-Lago resort at 11 a.m., marking the first time he will address reporters since he won the election last month, The AP reported.

Japanese technology group SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company's investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

The announcement will come days after Trump vowed to expedite federal permits for energy projects and other construction worth more than $1 billion.

In a post on his Truth Social site Tuesday, Trump said anyone making a $1 billion investment in the United States “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.”

“GET READY TO ROCK!!!” he added.

The announcement was first reported by The Wall Street Journal.



ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
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ImpaQ Forum Kicks Off in Saudi Arabia’s Diriyah

Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)
Saudi Minister of Media Salman Al-Dossary and other officials are seen at the opening of the event in Diriyah. (SPA)

Under the patronage of Saudi Minister of Media Salman Al-Dossary, the Impact Makers Forum (ImpaQ) kicked off in Diriyah on Wednesday, attracting a host of influencers, experts and content creators from around the world.

The opening ceremony featured a modern theatrical performance titled "The Butterfly Effect," celebrating the forum's message and its significance in various fields of influence.

In an opening speech to over 1,500 guests at the Diriyah Arena, Al-Dossary emphasized the growing role of influencers, highlighting the importance of leveraging this influence to foster creativity and innovation and to stimulate community and economic development.

"The Kingdom's Vision 2030, led by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, is a vision that has inspired the world and created impact," he stated.

"Influence can be a single word from a passerby that might forever change someone's life for the better. It could come from a street vendor striving to provide for his children, a loving father, or a great mother who performs miracles to instill values in her children," he remarked.

"Influence is not confined to platforms and screens alone. Look around you at work, in your club, in your neighborhood, at home, and you will see who has shaped your personality and life. ImpaQ celebrates them and all of you," stressed the minister.

The Impact Makers Forum, the largest of its kind in the Kingdom, is being held on a 23,000-square-meter venue and includes three main areas: "Innovation Space" hosting panel discussions and major events, "Impact Space" where influencers share their inspirational experiences, and "Lab Space" for creative and technical workshops.

The two-day forum features over 40 diverse activities across 14 areas of influence, including media, artificial intelligence, sports, tourism and culture. The event will attract over 30,000 visitors, making it a leading platform for exchanging expertise and showcasing success stories in various fields of influence.

The forum also allows international influencers through special tours organized in cooperation with the Saudi Tourism Authority, aiming to highlight Saudi Arabia's uniqueness and appeal. The opening ceremony was digitally streamed to over one million viewers.

The forum features a diverse and engaging agenda, including panel discussions and workshops, while fostering substantial interaction among participants and attendees. This dynamic atmosphere underscores the Kingdom's role as a global hub for inspiration and innovation in the area of influence.