The Trump Organization is making a major move in Saudi Arabia.
The real estate conglomerate, owned by former president Donald Trump, has signed a deal to build “a residential high-rise tower in the city of Jeddah,” The New York Times reports.
As the outlet notes, this would extend the Trump family’s close ties to the kingdom.
“We are delighted to strengthen our ongoing relationship with the Trump Organization and expand our portfolio by delivering premium properties to redefine Saudi Arabia’s high-growth real estate market,” Ziad El Chaar, the chief executive of the real estate firm, Dar Global, said in a statement to The Times.
The Trump family was over the moon with the deal.
“We are thrilled to expand our footprint in the Middle East,” Eric Trump said in a statement, according to The Times.
According to The Times, the project in Oman includes a “Trump-branded golf course and hotel as well as Trump villas, in a development that Dar Global is building on land owned by the government of Oman on a cliff overlooking the Gulf of Oman.”
The deal is reportedly set to earn the Trump family roughly $5 million. Trump previously earned controversy by his close ties to LIV Golf, the Saudi-backed competitor to the PGA Tour.
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