Eric Trump has reportedly revealed the Trump Organization's intentions to expand its real estate and hospitality ventures in the Middle East, even as his father, former President Donald Trump, seeks re-election, prompting concerns over potential conflicts of interest.
Gulf Deals of Donald Trump
Eric Trump told the Financial Times about this. The Trump Organization, led by Donald Trump and overseen by his sons Eric and Donald Trump Jr., has reportedly finalized deals with Dar Global, a Saudi Arabian real estate company listed in London.
These agreements include launching a luxury resort in Oman and developing a Trump Tower in Jeddah. Additionally, the Trump Organization oversees a golf course in Dubai in partnership with local developer Damac.
Eric Trump highlighted the region's robust growth potential, stating in an interview with the Financial Times in Dubai that they plan to undertake further projects in the Middle East.
Coupled with Jared Kushner's hedge fund securing $2 billion from Saudi Arabia, critics have pointed out that these business expansions raised concerns about potential foreign influence if Donald Trump returns to office.
Potential Conflicts of Interest
The deals in Oman and Saudi Arabia are particularly sensitive due to their geopolitical significance and their roles in US foreign policy, including negotiations with Iran and efforts to normalize ties between Saudi Arabia and Israel.
Eric Trump has defended the business activities, emphasizing his role primarily as a hotel operator and not directly engaging with foreign governments.
He noted that the Trump Organization paused new international deals during his father's previous term but indicated a willingness to reconsider if Donald Trump were re-elected.
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