Trump Organization leases brand to 2 new projects in Saudi Arabia
The Trump Organization says it has leased its brand to two new real estate projects in Saudi Arabia just weeks before President-elect Donald Trump returns to the White House
DUBAI, United Arab Emirates (AP) — The Trump Organization said Monday it has leased its brand to two new real estate projects in Saudi Arabia just weeks before President-elect Donald Trump returns to the White House.
It will partner with Dar Global, a London-based luxury real estate developer that will lease the Trump brand but fully own and develop the projects in the Saudi capital, Riyadh. The two have partnered on other projects in the region, including the development of a golf resort in neighboring Oman.
“Following the remarkable success of Trump International Oman, as well as our most recent ventures in Dubai and Jeddah, we are thrilled to announce two additional projects in Riyadh,” Eric Trump, the president-elect’s son who oversees the company's real estate interests, said in a statement.
Trump’s company struck many real estate licensing deals overseas before he entered the White House in 2017, including for hotels and residential towers in Canada, Dubai, Mexico, India and Turkey.
