DUBAI, United Arab Emirates — DUBAI, United Arab Emirates (AP) — The Trump Group stated Monday it has leased its model to 2 new actual property tasks in Saudi Arabia simply weeks earlier than President-elect Donald Trump returns to the White Home.
It can associate with Dar World, a London-based luxurious actual property developer that may lease the Trump model however totally personal and develop the tasks within the Saudi capital, Riyadh. The 2 have partnered on different tasks within the area, together with the event of a golf resort in neighboring Oman.
“Following the outstanding success of Trump Worldwide Oman, in addition to our most up-to-date ventures in Dubai and Jeddah, we’re thrilled to announce two extra tasks in Riyadh,” Eric Trump, the president-elect’s son who oversees the corporate’s actual property pursuits, stated in an announcement.
Trump’s firm struck many actual property licensing offers abroad earlier than he entered the White Home in 2017, together with for motels and residential towers in Canada, Dubai, Mexico, India and Turkey.
Trump’s shut ties to Saudi Arabia’s crown prince and day-to-day ruler, Mohammed bin Salman, drew heavy criticism after the 2018 killing of Jamal Khashoggi, a Saudi columnist for the Washington Publish who had written critically concerning the monarchy.
Trump’s son-in-law and former senior aide, Jared Kushner, has additionally drawn scrutiny from Democrats for a reported $2 billion funding from a Saudi sovereign wealth fund for his funding fund, which he began after he left the White Home. Kushner had served as Trump’s level man for the Center East and helped dealer the 2020 Abraham Accords between Israel and the United Arab Emirates.
Dar World is the worldwide arm of Dar Al Arkan, a big Saudi developer. It says it has $7.5 billion value of tasks beneath growth within the United Arab Emirates, Oman, Qatar, the UK, Spain and Saudi Arabia.
