Trump organisation expands its Middle East presence

Date:

Share post:


According to Reuters, the expansion comes as part of a growing partnership with Dubai-based luxury developer Dar Global, which will see new projects across the Gulf region, including developments in both Saudi Arabia and the United Arab Emirates.

Eric Trump, Executive Vice President of the Trump Organisation, confirmed the company’s ambitious plans for the region, highlighting the strategic importance of these developments.

“What I’ll tell you is one of them will definitely be a tower,” Mr Trump said.

The developments are expected to be similar in scale to existing projects, including the $530 million Trump Tower in Jeddah and a $2.66 billion Trump Golf community in Oman.

Dar Global CEO Ziad El Chaar said the Riyadh developments will include one tower and one golf community.

The Trump Organisation has maintained a careful approach to international expansion, particularly in sensitive regions. 

Eric Trump said the company is committed to avoiding potential conflicts of interest.

The development plans come amid growing business ties between Gulf states and Trump-affiliated enterprises, including a US$2 billion Saudi investment in a firm belonging to Jared Kushner, Donald Trump’s son-in-law.

“I have no interaction with Washington, D.C. I want no interaction with Washington, D.C.,” Mr Trump said.

The Trump Organisation remains selective about its international partnerships, avoiding countries involved in active conflicts or facing potential U.S. trade restrictions.

Mr Trump said the company focuses on managing potential conflicts of interest.

“I think we are going to navigate that very smartly, very well, no different than we did in 2016,” Mr Trump said.



Source link

Nicole Lambert
Nicole Lambert
Nicole Lamber is a news writer for LinkDaddy News. She writes about arts, entertainment, lifestyle, and home news. Nicole has been a journalist for years and loves to write about what's going on in the world.

Recent posts

Related articles

New partnership fuels growth for Ray White Epsom

The existing owners of Ray White Epsom, Mark Bycroft and Heather Walton, last year welcomed Nick Lyus...

How to “Thrive in 25” with REIV President Jacob Caine

Podcast: Play in new window | Download (Duration: 40:58 — 57.5MB) | EmbedSubscribe: Apple Podcasts | Spotify...

Bec Turner: signing 1600 managements in 4.5 years

As Head of the Growth Team at Ray White AKG, Bec Turner has built her career through...

Gen X overtakes Baby Boomers in property wealth, according to KPMG report

According to the report, Gen Xers hold an average of $1.31 million in property wealth, slightly ahead...

What tenancy law changes mean for agents

Last year, several jurisdictions legislated changes to give renters more control over their tenancy, with fewer restrictions...

Finding joy in real estate: beyond the million-dollar listings

When I traded my dance shoes for a real estate license, I never imagined I’d be writing...

Joan Rivers’ former NYC penthouse re-listed with a US$10M price cut

That’s a significant $10 million (AUD $15 million) reduction from its original 2021 asking price of...

NZ property market closed 2024 with fresh opportunities despite December lows

The New Zealand property market experienced a subdued close to 2024, with realestate.co.nz reporting record lows across...