The Trump Organization on Wednesday announced a new project in Saudi Arabia: Trump Tower Jeddah.
Eric Trump announced: Post to Xwrote, “We are incredibly proud to officially launch Trump Tower – Jeddah, a project that has been in the works for months!” He expressed his gratitude to Dahl Global, a partner in the project. Dar Global is a real estate development company headquartered in Dubai and affiliated with Dar Al Alkan. biggest developer In Saudi Arabia.
Trump added that the tower will be the company’s fifth project with Dahl Global. The two companies have so far $532 million This residential condominium site is scheduled to be completed in four years. The Trump Organization relies heavily on Saudi Arabia for its real estate transactions in the United States. fell Since Donald Trump’s first presidential term ended amid backlash over the Jan. 6, 2021, Capitol riot.
The tower has long been a stalled project for the Trump family, which had plans to build one of their signature towers in the Middle East before Donald Trump was elected president in 2016. . The Trump family then pledged not to sign any new international agreements during that time. he was president. However, now that he has been elected for the second time, President Trump appears to be unconcerned about the alleged conflict of interest, and corruption issues have come to the fore.
The president-elect has long business relationships with: Saudi Arabia In the affidavit, he claimed he could sell his property to a domestic buyer for whatever amount he wanted. President Trump hosted Saudi supporters liv golf tournament at his club, and his son-in-law Jared Kushner’s investment fund was accepted. 2 billion dollars Funding is provided by Saudi Arabia’s sovereign wealth fund, but make a profit itself.
Kushner and Saudi Arabia’s Crown Prince Mohammed bin Salman talked a few times The past four years have continued a close relationship that began when Mr. Kushner advised his father-in-law on the Middle East during the Trump administration’s first term.
As of now, Kushner has not accepted a formal job in the new Trump administration, but his business interests still do not look good for the president-elect. Coupled with the Trump Organization’s dealings with Saudi Arabia, Trump doesn’t seem worried about being accused of corruption or receiving foreign favors.
