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Apparently, Saudis and now the government of Oman think the Trump brand still has value?
When former President Donald J. Trump returned briefly last week to his office at Trump Tower in New York, he was joined by his son Eric Trump and the top executive of a Saudi Arabian real estate company to sign a deal that creates new conflict-of-interest questions for his just-launched presidential campaign.
The deal is with a Saudi real estate company, which intends to build a Trump-branded hotel, villas and a golf course as part of a $4 billion real estate project in Oman. The agreement continues a practice that had been popular for the Trump family business until Mr. Trump was elected president — selling branding rights to an overseas project in exchange for a generous licensing fee.
But what makes this project unusual — and is sure to intensify the questions over this newest transaction — is that by teaming up with the Saudi company, Mr. Trump is also becoming part of a project backed by the government of Oman itself.
............
The deal Mr. Trump signed was with Dar Al Arkan, the Saudi-based real estate company that is leading the project in collaboration with the government of Oman, which owns the land. It is the second deal signed recently between Mr. Trump and his family that has direct financial ties to a Middle East government.
www.nytimes.com
When former President Donald J. Trump returned briefly last week to his office at Trump Tower in New York, he was joined by his son Eric Trump and the top executive of a Saudi Arabian real estate company to sign a deal that creates new conflict-of-interest questions for his just-launched presidential campaign.
The deal is with a Saudi real estate company, which intends to build a Trump-branded hotel, villas and a golf course as part of a $4 billion real estate project in Oman. The agreement continues a practice that had been popular for the Trump family business until Mr. Trump was elected president — selling branding rights to an overseas project in exchange for a generous licensing fee.
But what makes this project unusual — and is sure to intensify the questions over this newest transaction — is that by teaming up with the Saudi company, Mr. Trump is also becoming part of a project backed by the government of Oman itself.
............
The deal Mr. Trump signed was with Dar Al Arkan, the Saudi-based real estate company that is leading the project in collaboration with the government of Oman, which owns the land. It is the second deal signed recently between Mr. Trump and his family that has direct financial ties to a Middle East government.
Trump Family’s Newest Partners: Middle Eastern Governments (Published 2022)
The government of Oman is a partner in a real estate deal signed last week by the former president, intensifying questions about a potential conflict as he seeks the White House again.
