During his trip, Trump is meeting with King Salman of Saudi Arabia, and will also meet with King Hamad of Bahrain, President El-Sisi of Egypt and several other Mideast leaders.
According to the memorandum, the centre is dedicated to cut funding for terrorist groups such as the Islamic State (IS), Al Qaeda, the Lebanese Shiite group Hezbollah, the Pakistani Lashkar-e-Taiba, the Afghan Taliban and its Haqqani network, among other groups.
In this second stop on his maiden foreign trip, Trump unexpectedly offered a new defense of his disclosure of classified information to Russian diplomats in a recent Oval Office meeting.
The time has come for "honestly confronting the crisis of Islamist extremism", Trump said, calling on religious leaders to condemn extremist attacks.
"Drive them out! Drive them out of your places of worship".
After an exhausting two days in Saudi Arabia, US President Donald Trump is due to travel to Israel, attempting to revive the stalled Israeli-Palestinian peace process with visits to Jerusalem and the West Bank.
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The United States and Gulf Arab countries announced an agreement to coordinate efforts against the financing of terrorist groups.
Tillerson's candid assessment, made to reporters aboard Air Force One Monday, represents a remarkable turnaround for a presidential candidate who campaigned on a platform that argued for "total and complete shutdown of Muslims entering the United States".
"I think Islam hates us", Trump said during a CNN interview in March 2016.
A centerpiece of Trump's visit to Saudi Arabia is to curb any threats to the region posed by Iran, US Secretary of State Rex Tillerson said.
Trump gave Netanyahu the same warning he gave Saudi King Salman, that Iran can not be allowed nuclear capabilities and its aggression must not go unchecked.
Hoda Abdulrahman Al-Helaissi was speaking to Arab News on the sidelines of the Riyadh Forum on Countering Extremism & Fighting Terrorism, which was held on Sunday in the Saudi capital.
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Trump made nearly no mention of Israel, his next stop on the tour Monday, leaving it off a list of countries fighting terror.
On Sunday, however, standing before dozens of regional leaders, he said Islam was "one of the world's great faiths". The groups the United States has been fighting in Afghanistan, Iraq and elsewhere since the September 11, 2001, attacks on Washington and NY are mostly Sunni Muslims, and enemies of Iran.
In some ways, Trump delivered a conventional speech for an American politician.
The Saudis' warm embrace was welcome change for the besieged White House. Trump praised el-Sissi for the April release of Egyptian-American charity worker Aya Hijazi, detained in the country for almost three years.
Trump promised to schedule a trip to Egypt soon, and he singled out the Egyptian's choice of footwear, a pair of shiny black shoes.
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We noticed visible tearing during the session, which is likely due to the projector that AMD used for the presentation. The Threadripper 16-core and 32-thread CPU was demod briefly, paired with two Radeon RX Vega GPUs running Prey at 4K.