Trump Organization Makes New Announcement
Eric Trump, executive vice president of the Trump Organization, recently announced a major milestone for the company: its first real estate development project in Saudi Arabia. The project, known as Trump Tower – Jeddah, will be a 47-story luxury building, marking the Trump Organization’s continued global expansion.
In a statement posted on social media, Eric Trump expressed his pride in the project, highlighting the months of hard work that have gone into bringing it to fruition. “We are incredibly proud to officially launch Trump Tower – Jeddah,” he said. “This is the beginning of even more exciting developments across the world.”
The Jeddah tower is just the first of several upcoming Trump real estate projects in Asia. Plans are already underway for new developments in India, Vietnam, and Indonesia, with the company hoping to finalize more projects before President Trump’s second term begins. The Jeddah project is being developed in partnership with Dar Global, a London-based real estate firm. This will be the fifth collaboration between the two companies, and Trump has promised that the Jeddah tower will be among the most luxurious buildings anywhere in the world.
The $532 million residential development is expected to be completed in about four years, showcasing both the Trump Organization’s ongoing commitment to excellence and its growing presence in international markets. In addition to the Jeddah project, Trump’s real estate empire is also expanding in the Middle East. The Trump Organization has partnered with Dar Global on a $500 million Trump International Hotel project in Oman, though this hotel will not be owned or operated by the Trump Organization itself.
While the Trump Organization continues to broaden its global reach, questions have arisen about potential conflicts of interest, particularly concerning foreign investments and business dealings. In 2022, Jared Kushner, the president-elect’s son-in-law, received a $2 billion investment from the Saudi government for his private equity firm, drawing attention to the close ties between the Trump family and Middle Eastern financiers.
Despite these concerns, Eric Trump remains focused on expanding the family business and creating value for stakeholders across the globe. With ambitious plans for future development, it’s clear the Trump Organization is continuing to build on its global reputation for high-end real estate and luxury projects. As the Trump family enters the next chapter of their business ventures, their influence and presence on the international stage are only expected to grow.