Negotiations between the Trump Organization and Saudi Arabia regarding the construction-commercial project

According to Isna, the CEO of the Saudi company implementing one of the largest construction projects in this Saudi country says that the Trump Organization is negotiating to launch a property with the Trump brand in one of the largest real estate projects owned by Saudi Arabia.

The New York Times published this article and wrote: These negotiations are the latest example of the combination of Trump’s family business and governance, especially in the Persian Gulf countries. The US president’s family and businesses have announced new foreign schemes worth billions of dollars and made hundreds of millions in digital currency profits since his return to power.

Trump is going to host “Mohammed bin Salman”, the crown prince of Saudi Arabia, next week.

Bin Salman is overseeing a $63 billion project to transform the historic city of Dariyah into a luxury destination with hotels, shopping malls and office space. Trump’s business has a long history of lending its name to multipurpose projects with the tagline “legendary luxury.”

Will Trump’s brand reach the historic city of Dariyah?

The American media continued to write: “Jerry Inzerillo”, the CEO of Dariyah Development Company and a long-time friend of Trump, said in an interview: “Nothing has been announced yet, but it will be soon.”

He added that the conclusion of the agreement between the Trump Organization on the project will be done sooner or later.

According to Inzrillo, during President Trump’s official visit to Saudi Arabia in May, Saudi officials accompanied him on a tour of the Dariyah project to pique his interest in the project.

“It turned out to be a stroke of luck and maybe a little bit of smartness on our part to say, well, let’s get him on board as a make-and-sell—and he fell in love with it,” he said.

The Trump Organization did not respond to questions about the potential deal, and Eric Trump, one of Trump’s two sons who oversees the family business, did not respond to The New York Times’ request for comment.

It was further discussed: In international real estate negotiations, it is often difficult to separate reality from hype. Speculation does not always lead to negotiations, and negotiations do not always lead to signed contracts.

“Ziyad Al-Shaar”, the CEO of Dar Global, who is the most important foreign business partner of the Trump Organization and an important communication channel with Arab governments and Persian Gulf companies, said last month that Trump’s new projects in Saudi Arabia are on the way.

Dar Global did not specify whether the comments referred to Dariyah or another yet-to-be-announced deal. All these huge projects are owned by the Saudi sovereign wealth fund. The company did not respond to requests for comment.

The boom of the Trump family’s business in the Persian Gulf countries after his return to the White House

The New York Times wrote: Al-Shaar and Inzerillo’s statements indicate the boom in the Trump family’s business negotiations in the Persian Gulf countries since last year.

The construction of a Trump Tower is planned in Jeddah and two projects have been announced in Riyadh. The construction of a hotel and Trump Tower in Dubai – the largest city of the United Arab Emirates – is progressing. Also, a golf course deal in Qatar has made the Trump family a partner in a state-owned real estate company in the country.

Al-Shaar and Dar Global have been in charge of all these transactions. In order to use Trump’s name, a royalty fee must be paid for each of these designs. According to Dar Global, last year it paid 21.9 million dollars for royalties to the Trump Organization, and part of this money goes to the president himself.

Licensing deals can be lucrative. Often, a company gets paid to use its name and does not need to invest in the project itself. The Trump Organization’s licensing agreements are confidential and its contents cannot be known.

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