{"id":29144,"date":"2024-07-01T16:57:31","date_gmt":"2024-07-01T21:57:31","guid":{"rendered":"https:\/\/ustower.net\/?p=29144"},"modified":"2024-07-02T00:13:36","modified_gmt":"2024-07-02T05:13:36","slug":"trump-organization-announces-new-project-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=29144","title":{"rendered":"Trump Organization announces new project in Saudi Arabia"},"content":{"rendered":"\n

The Trump Organization will construct a Trump Tower building in Jeddah, Saudi Arabia, the company announced<\/u><\/a> Monday.<\/p>\n\n\n\n

In partnership with a Saudi-owned developer, the Trump Organization effort expands its influence into the Middle East and comes after the Saudi government invested $2 billion with former President Trump\u2019s\u2002<\/u><\/a>son-in-law, Jared Kushner.<\/p>\n\n\n\n

The building would be the Trump Organization\u2019s first development in Saudi Arabia.<\/p>\n\n\n\n

\u201cWe are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global,\u201d Eric Trump,<\/u><\/a> the former president\u2019s son and executive vice president of the company, said in a statement. \u201cThis collaboration embodies our shared vision of creating landmark developments that exude luxury, quality, and sophistication.\u201d<\/p>\n\n\n\n

The announcement also comes weeks after developer Dar Global announced a licensing deal for a $500 million Trump International hotel complex in Oman<\/u><\/a>. That project is not owned or operated by the Trump Organization.<\/p>\n\n\n\n

Further development in the Middle East could raise concerns about conflicts of interest if Trump is reelected in November.<\/p>\n\n\n\n

Saudi Crown Prince Mohammed bin Salman\u2002<\/u><\/a>said last year that he plans to keep his $2 billion investment<\/u><\/a> with Kushner\u2019s hedge fund unchanged if Trump is elected again. The investment, which came just months after Trump left office, raised questions of a potential quid pro quo between Trump and Saudi leadership.<\/p>\n\n\n\n

Sen. Ron Wyden\u2002<\/u><\/a>(D-Ore.) launched an investigation<\/u><\/a> into the investment and Kushner\u2019s business dealings in Saudi Arabia and other gulf states last month.<\/p>\n\n\n\n

Wyden argued that the investments with Affinity Partners could create \u201csignificant conflicts of interest and potential counterintelligence risks.\u201d<\/p>\n\n\n\n

\u201cThese arrangements also raise concerns that Affinity\u2019s exclusively foreign funded private investment funds are being exploited as a loophole by Mr. Kushner and other former U.S. government officials as a means to avoid complying with the Foreign Agents Registration Act and other U.S. laws requiring U.S. persons to disclose payments from foreign governments,\u201d Wyden wrote last month.<\/p>\n\n\n\n

thehill<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Trump Organization will construct a Trump Tower building in Jeddah, Saudi Arabia, the company announced Monday. In partnership with a Saudi-owned developer, the Trump Organization effort expands its influence into the Middle East and comes after the Saudi government invested $2 billion with former President Trump\u2019s\u2002son-in-law, Jared Kushner. The building would be the Trump Organization\u2019s first development […]<\/p>\n","protected":false},"author":5,"featured_media":29145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[2425,29405,3240,1230,4910],"class_list":["post-29144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-construction","tag-new-projects","tag-saudi-arabia","tag-trump","tag-trump-tower"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/29144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29144"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/29144\/revisions"}],"predecessor-version":[{"id":29146,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/29144\/revisions\/29146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/29145"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}