The announcement comes after Saudi Crown Prince Mohammed bin Salman pledged a $600 billion investment in the U.S. in January during Trump’s first phone call to a foreign leader as president. The White House is floating the idea of renaming the body of water to the “Arabian Gulf,” a move that will please Saudi and the U.S.’s other Arab allies.

Elon Musk and Donald Trump in Qatar - Win McNamee/2025 . Mr Musk, the chief executive of Tesla, endorsed Mr Trump last year when the then Republican candidate narrowly

Elon Musk announces he will cut political spending significantly while focusing on his business ventures and Tesla's leadership.

Earlier this year Maye Musk, the mother of Kimbal and Elon Musk, was a headliner at a government conference in the Emirates. And Errol Musk, Elon Musk’s father, has said that he is in talks with an Emirati firm to build a Musk Tower in Dubai to house the Musk Institute, a planned technology hub.

Tesla CEO Elon Musk announced last month that he would cut his hours at the White House as Director of the Department of Government Efficiency.

Elon Musk’s prominent role in President Donald Trump’s White House appears to be fading, but the tech billionaire’s brainchild — the budget-slashing Department of Government Efficiency — is poised to continue its work after his departure.