{"id":135023,"date":"2025-11-15T16:55:11","date_gmt":"2025-11-15T16:55:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/135023\/"},"modified":"2025-11-15T16:55:11","modified_gmt":"2025-11-15T16:55:11","slug":"trump-organization-said-close-to-joining-major-saudi-owned-real-estate-project","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/135023\/","title":{"rendered":"Trump Organization said close to joining major Saudi-owned real estate project"},"content":{"rendered":"

The Trump Organization is holding discussions to potentially bring a Trump-branded building to a Saudi government-owned project worth some $63 billion, The New York Times reported <\/a>Saturday, ahead of US President Donald Trump\u2019s White House meeting next week with Saudi Crown Prince Mohammed bin Salman.<\/p>\n

\u201cNothing announced yet, but soon to be,\u201d Jerry Inzerillo, chief executive of the Diriyah development and a longtime friend of Trump, told the outlet, adding it is \u201cjust a matter of time\u201d until the agreement is inked.<\/p>\n

The report said neither the Trump Organization nor Eric Trump, the US president\u2019s second-oldest son who oversees the business, responded to questions on the matter, but noted that \u201cit can be hard to separate hype from reality in international real estate discussions.\u201d<\/p>\n

The deal would be inked with Dar Global, a subsidiary of a major Saudi real-estate development firm with close ties to the royal family. According to a second report<\/a> in the New York Times published Saturday, the firm \u201chas become the Trump Organization\u2019s most important foreign business partner and a key conduit to Gulf Arab governments and companies.\u201d<\/p>\n

According to the report, previous Dar Global deals to license the Trump name brought some $21.9 million to the Trump Organization in 2024 alone.<\/p>\n

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The reports came days before the president is set to host the de facto Saudi leader in Washington, where they are expected to sign economic and defense agreements.<\/p>\n

\t\"\"
\n\t\tUS President Donald Trump arrives with Saudi Crown Prince Mohammed bin Salman for the group photo with Gulf Cooperation Council leaders during the GCC Summit in Riyadh, Saudi Arabia, May 14, 2025. (Alex Brandon\/AP)<\/p>\n

Trump said<\/a> Friday that he was considering agreeing to a deal to supply Saudi Arabia with F-35 stealth fighter jets and that he hopes Riyadh will normalize relations with Israel.<\/p>\n

It will be the first visit to the White House in seven years for the Saudi crown prince, and according to the Times, Bin Salman is looking to \u201cpotentially advance a deal to transfer American nuclear technology to Saudi Arabia.\u201d<\/p>\n

As for the potential Diriyah real estate deal, the report said it was first presented to Trump during his recent visit to Saudi Arabia, where he toured the site with Inzerillo and Saudi officials who looked to interest him in investment opportunities.<\/p>\n

\t\"\"
\n\t\tUS President Donald Trump speaks at the Saudi-US Investment Forum at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia, Tuesday, May 13, 2025. (AP\/Alex Brandon)<\/p>\n

\u201cIt turned out to be a good stroke of luck and maybe a little bit clever of us to say, \u2018OK, let\u2019s appeal to him as a developer\u2019 \u2014 and he loved it,\u201d Inzerillo said.<\/p>\n

Trump and Prince Mohammed talked \u201cnot just as heads of state,\u201d but as \u201cvisionaries and developers,\u201d the project\u2019s CEO told the Times, adding that the two looked over architectural plans and models during a state dinner.<\/p>\n

\u201cYou normally wouldn\u2019t do that in a state dinner. It\u2019s not really the normal protocol,\u201d he told an associate who questioned the idea at the time, according to Inzerillo. \u201cBut that\u2019s because you\u2019re looking at the president of the United States as the president of the United States. You\u2019re not looking at him as a developer.\u201d<\/p>\n

Inzerillo also noted specific interest from Eric Trump, adding that he and the president\u2019s son-in-law and White House Middle East adviser Jared Kushner had visited Diriyah in the past.<\/p>\n

\t\"\"
\n\t\tEric Trump, executive vice president of the Trump Organization and son of United States President Donald Trump, speaks during the Bitcoin Asia 2025, at the Hong Kong Exhibition Centre in Hong Kong, on August 29, 2025. (AP Photo\/Daniel Ceng)<\/p>\n

While nothing has been announced, the report that the president\u2019s family business is nearing a major real estate deal with a state-owned project of a close ally highlights the increasingly blurred lines between Trump\u2019s diplomacy and his personal business dealings.<\/p>\n

Since Trump became president for the second time earlier this year, the Trump Organization has inked several high-profile real estate deals in Saudi Arabia, Qatar, and the United Arab Emirates, including a Trump Tower complex in Jeddah and a golf course near Doha.<\/p>\n

While many critics have called out the president and his family business for conflict of interest concerns that his policy decisions could bleed into the business interests of his family, administration officials have repeatedly brushed off such concerns by noting that the Trump Organization is managed by his children and that the president has no input on its daily affairs.<\/p>\n


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\t\t\tAlready a member? Sign in to stop seeing this<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Trump Organization is holding discussions to potentially bring a Trump-branded building to a Saudi government-owned project worth…\n","protected":false},"author":2,"featured_media":135024,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-135023","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/135023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=135023"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/135023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/135024"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=135023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=135023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=135023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}