Page 38 - bne IntelliNews monthly magazine December 2024
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38 I Southeast Europe bne December 2024
A resort and golf complex in Oman’s capital Muscat, as shown here on the developer's website, is one of the latest luxury real estate projects around the world to bear the Trump name. / darglobal.co.uk
So you want to get on the right side of Donald Trump? Try gift- wrapping a hotel
bne bureaus
How to get on the right side of Donald Trump? With the erratic businessman-politician due back in the Oval Office in two months’ time, it’s the question governments
all around the world are desperate to solve. Might throwing in a Trump hotel or high-rise grease the bigger deal? It’s been tried before...
New ventures in the Gulf
Even in the short time since Trump’s return to office was confirmed at the ballot box, the latest on new business ventures backed by the American president-elect in the Middle East has been popping up in the headlines.
www.bne.eu
The idea of Iran ever using a downtown Tehran property deal with Trump
to get him off its case at this point seems rather far-fetched – though
the November 13 announcement that Trump has appointed his golfing buddy and real estate developer Steve Witkoff to be his special envoy to the Middle East might give Tehran some food for thought on that score. Across the other side of the Persian Gulf, however, there’s plenty of commercial action involving Trump enterprises.
In July, The Trump Organization announced a partnership with Dar Global, the international arm of Saudi
real estate developer Dar Al Arkan, to build a high-rise luxury tower in Dubai. The development includes branded residential units and a Trump hotel. It will capitalise on strong demand for luxury branded real estate in the Gulf.
Earlier in July, The Trump Organization said that, in another collaboration with Dar Global, it would construct a Trump Tower in Jeddah, Saudi Arabia.
"We are excited to expand our presence in the Middle East," Eric Trump, the second son of Donald Trump, and executive vice president of The Trump Organization, said in a statement.
