Trump plans to hold a signing ceremony for the new institution at the World Economic Forum in Davos, Switzerland, on Thursday. The board, intended as a forum to establish peace in Gaza, has worried allies who say it aims to supplant the United Nations. Most European Union governments have demurred on joining, at least in the near term.

Maharashtra Chief Minister Devendra Fadnavis is not in Davos for a picnic, his banker-singer wife Amruta Fadnavis said on Wednesday, responding to remarks by Shiv Sena-UBT MP Sanjay Raut.

The project aims to create a "plug-and-play" ecosystem, tailored for startups and innovation-led companies, reducing entry barriers for entrepreneurs and global firms alike.