Author: Eric Lipton
Published on: 05/02/2025 | 00:00:00
AI Summary:
The region has become a hot spot for the family’s business. Mr. Trump is advocating bringing the United States into a region where his family has a growing collection of real-estate and business interests. There is no part of the world as crucial to the growth of various Trump family business ventures as the Middle East. Real estate in Oman, Saudi Arabia and Dubai The Middle East has in the past three years turned into the hottest spot for the Trump family in terms of new international real-estate deals. Most of these are so-called branding deals, which collectively earn the family tens of millions of dollars in fees in exchange for the right to use the name to boost luxury condo, golf or hotel sales. Recent agreements have been signed with a Saudi-based real estate company called Dar Al Arkan to build high-rise luxury apartments, Trump International Golf Club, Dubai, opened in 2017 shortly after Mr. Trump started his first term in the White House. The partner in this Dubai club is DAMAC Properties, run by Hussain Sajwani, a billionaire real-estate executive. In April, for the fourth year in a row, the league is slated to hold one of its tournaments at the Trump National Doral near Miami. Kushner's business partner at Shlomo Holdings is also a partial owner of Israel’s only domestic builder of warships. That puts him in business with executives who are also major shareholders in an Israeli military contractor whose vessels have been used in the war in Gaza. The Trump Administration’s First 100 Days Tariffs: Nearly the entire global workforce of the main American aid agency will be put on leave.
Original: 1212 words
Summary: 287 words
Percent reduction: 76.32%