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Trump Family Expands Business Ventures in the Middle East

The Trump Organization teams up with investors in Qatar and Dubai before a presidential visit.

By Vivian Nereim and Eric LiptonSource: nytimes.com1 min read
Trump Family Expands Business Ventures in the Middle East
Image via nytimes.com

In brief

Eric Trump travels to Dubai to promote luxury projects, including a golfing estate and new tower, right before President Trump's upcoming trip to the Middle East.

In an exciting development, the Trump Organization has finalized a deal with a Qatari government-owned company to create a stunning golf course and luxury residential project. This agreement comes just two weeks before President Trump is scheduled to make a state visit to the Middle East, beginning May 13.Eric Trump, who oversees the family's business empire, hopped over to Dubai this week to participate in a cryptocurrency conference while also promoting their latest real estate ventures. One highlight is an ambitious Trump-branded tower project in the United Arab Emirates. The upcoming golf course, situated along the ocean, is set to be developed in collaboration with Qatari Diar, a leading real estate firm backed by Qatar's sovereign wealth fund, and led by a government minister. Furthermore, the projects in the Gulf will also see contributions from Dar Global, known for its strong connections with the Saudi government. Eric Trump mentioned to The New York Times that the golf course is particularly promising, proclaiming it would be “beautiful.”As the President emphasizes the financial prospects in the region for American businesses, anticipation mounts for his visit, which will include stops in Saudi Arabia, Qatar, and the Emirates.

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