Trump Organization leases brand to 2 recent projects in Saudi Arabia

DUBAI, United Arab Emirates — DUBAI, United Arab Emirates (AP) — The Trump Organization said Monday it has leased its brand to two recent real estate projects in Saudi Arabia just weeks before President-elect Donald Trump returns to the White House.

It will associate with Dar Global, a London-based luxury real estate developer that will contract the Trump brand but fully own and develop the projects in the Saudi startup distribution, Riyadh. The two have partnered on other projects in the region, including the advancement of a golf resort in neighboring Oman.

“Following the remarkable achievement 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 corporation’s real estate interests, said in a statement.

Trump’s corporation 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.

Trump’s close 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 Post who had written critically about the monarchy.

Trump’s son-in-law and former elder aide, Jared Kushner, has also drawn scrutiny from Democrats for a reported $2 billion property from a Saudi sovereign affluence pool for his property pool, which he started after he left the White House. Kushner had served as Trump’s point man for the Middle East and helped agent the 2020 Abraham Accords between Israel and the United Arab Emirates.

Dar Global is the international arm of Dar Al Arkan, a large Saudi developer. It says it has $7.5 billion worth of projects under advancement in the United Arab Emirates, Oman, Qatar, the United Kingdom, Spain and Saudi Arabia.