President Donald Trump shakes hands with Gary Cohn, Director of the National Economic Council, during a retreat with Republican lawmakers and members of his Cabinet at Camp David in Thurmont, Maryland, January 6, 2018.

U.S. President Donald Trump will meet with Israeli Prime Minister Benjamin Netanyahu, British Prime Minister Theresa May, and other world leaders when he attends the World Economic Forum in Davos, Switzerland, this week, White House officials said on Tuesday.

Trump is due to take an overnight flight on Wednesday night to snowbound Davos, where he will encourage investment in the United States and cooperation on national security issues, including the fight against Islamic State and North Korea's nuclear and ballistic missile programs.

Trump will have a full day of meetings in Davos on Thursday and then deliver a keynote address to the forum on Friday before returning to the United States later that day.

White House senior economic adviser Gary Cohn said Trump will use his speech to encourage global companies to invest in the United States and take advantage of Trump's corporate tax cuts.

He will also stress his "America First" policies and seek more reciprocal trade policies from U.S. allies, Cohn said, in keeping with Trump's belief that international trade deals are tilted against the United States.

"The president will continue to promote fair economic competition and will make it clear that there cannot be free and open trade if countries are not held accountable to the rules," Cohn told reporters.

Trump will be the first U.S. president to attend Davos in 20 years, giving him a chance to mingle with the same elite "globalists" that he bashed in his 2016 presidential run.

In addition to meetings with world leaders, Trump will also host a small dinner for European business executives on Thursday night.

"The attendees run companies that have sizeable footprints in the United States. They have invested in our economy, we want them to continue to do so and encourage others to join them," said Cohn.