The Trump Organization has signed an agreement with a leading Saudi real estate development company to launch a new tower project in Jeddah called Trump Tower Jeddah.
The organization revealed plans to develop the luxury Trump Tower in Jeddah in partnership with Dar Global, the international branch of Saudi real estate giant Dar Al Arkan.
#DarGlobal and The @Trump Organization announce Trump Tower Jeddah. We are excited to strengthen our relationship with The Trump Organization and expand our portfolio in Saudi Arabia’s real estate market. @EricTrump @DonaldJTrumpJr pic.twitter.com/78Ey1sZpPN
— DarGlobal (@dar_global) July 1, 2024
If completed, the Jeddah Tower will be the Trump Organization’s first major project in Saudi Arabia, according to “CNN”.
“We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global,” said Eric Trump, executive vice president of the Trump Organization and son of former President Donald Trump.
Dar Global said the project will target “the Saudi luxury market and international investors.”
The new project in the Kingdom comes just days after the Trump Organization and Dar Global unveiled a $500 million Trump International hotel complex in Oman.
On Tuesday, our @Trump team, led by EVP @EricTrumpcollaborated with @dar_global to unveil Trump International Oman at AIDA. Opening in 2028, this 140-key, 5-star hotel complex transforms Oman’s landscape with an 18-hole golf course, members-only club, and Cliff Hanging Night… pic.twitter.com/44oJ5ZSd0r
— The Trump Organization (@Trump) June 28, 2024
The Trump Organization’s new projects in the Middle East raise concerns about potential conflicts of interest, should the former president return to the White House.
“The Trump Organization’s continued pursuit of foreign business ventures raises national security, corruption and constitutional concerns,” Donald Sherman, vice president and senior counsel at Citizens for Responsibility and Ethics in Washington (CREW), told CNN.
The Trump Organization is owned by a private trust that lists the former president as the sole beneficiary. The family business is run by his sons, Donald Trump Jr. and Eric Trump.
Last year, a New York judge fined the Trump Organization $1.6 million for running a decade-long tax fraud scheme. Two Trump entities were convicted of 17 felonies, including tax fraud and falsifying business records.
Trump has close ties to Saudi Arabia even after leaving the White House.
Last April, American media revealed a call between him and Saudi Crown Prince Mohammed bin Salman.
Report reveals details of the “five-minute call” between Trump and Prince Mohammed bin Salman
Despite all the ways in which US President Joe Biden has sought to move away from his predecessor, Donald Trump,’s approach to the Middle East, the prospect of expanding one of the former president’s core foreign policy achievements has become a “key focus” for the current administration, according to the American network “CNN”.
The New York Times said at the time that Trump and Mohammed bin Salman’s discussions came at a time when the administration of US President Joe Biden was engaged in sensitive negotiations with the Saudis aimed at establishing a lasting peace in the Middle East, based on the normalization agreements between Israel and a number of Arab countries that were established during the Trump administration.
In 2022, a group of families of 9/11 victims who have long accused Saudi Arabia of aiding the terrorists who carried out the attacks criticized the former president for hosting a Saudi-backed golf tournament at a course he owns in New Jersey.
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