The institute aims to strengthen ties between Arab and Western civilisations
US President Joe Biden lands in the Middle East on Wednesday for a trip that will see stops in Israel and Saudi Arabia.
The 79-year-old President's visit to Jeddah on Friday will be the focus of the tour.
Air Force One will also make an unprecedented direct flight between Israel and Saudi Arabia.
Before that, Biden will meet Israeli leaders seeking to broaden cooperation against Iran.
Israel's caretaker Prime Minister Yair Lapid, who took office less than two weeks ago, has said talks "will focus first and foremost on the issue of Iran."
Israel expanded its regional reach with US backing in 2020, when it formalised ties with the United Arab Emirates, Bahrain and Morocco -- breakthroughs that came after its peace accord with Jordan, in 1994, and Egypt in 1979.
Biden's trip to Saudi Arabia is seen as part of efforts to stabilise oil markets rattled by the war in Ukraine, by re-engaging with a country that has been a key strategic ally of the United States for decades and a major supplier of oil.
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