Eric Trump, the son of President-elect Trump, on Wednesday revealed a video rendering of a new Trump Tower project launching in Jeddah, Saudi Arabia.
Trump, executive vice president of the Trump Organization, shared the video rendering in a post on X of what marks the Trump Organization’s first major project in Saudi Arabia.
"Incredibly proud to officially launch a project that has been underway for many months, Trump Tower - Jeddah!" he wrote. "Thank you to our partners @dar_global - This will be our 5th project together and among the most luxurious buildings anywhere in the world!"
In the video, the rendering of the potential future high-rise residential tower is emblazoned with the Trump name.
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The Trump Organization is developing the project with Dar Global, a luxury international real estate developer.
The project aims to target "the luxury Saudi Arabian market and international investors," according to a press release from July on the Trump Organization’s website.
"This collaboration embodies our shared vision of creating landmark developments that exude luxury, quality, and sophistication," Trump said in a statement at the time.
With President-elect Trump set to return to the White House in January, it’s possible the Trump Organization’s business dealings in the Middle East could become a subject of scrutiny.
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This past year, top Democrats have called for an investigation into Jared Kushner, the president-elect’s son-in-law, over his investment firm Affinity Partners’ ties to the governments of Saudi Arabia, Qatar, and the United Arab Emirates.
Democrats have also seized on a $2 billion investment in Affinity Partners made by Saudi Arabia’s sovereign wealth fund after the Trump administration ended.
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Kushner served as senior White House adviser in the first Trump administration. He has said he will not return to serve in the second Trump administration.
source https://www.foxbusiness.com/real-estate/eric-trump-reveals-rendering-trump-tower-project-saudi-arabia
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