Trump Organization executives are in discussions over a possible Trump-branded development inside one of Saudi Arabia’s largest government-owned real estate projects, according to the chief executive leading the site. The talks centre on Diriyah, a vast luxury redevelopment backed by the Saudi sovereign wealth fund and personally overseen by Crown Prince Mohammed bin Salman, the New York Times reported.
The potential deal comes as President Donald Trump prepares to host the crown prince in Washington, where the two leaders are expected to discuss a mutual defence agreement and possible nuclear cooperation. That creates an unusual overlap: a foreign leader who is central to a U.S. national security agenda is also a key decision-maker for a private project that could enrich the president’s family business.
What deal is on the table in Diriyah
Diriyah is a multibillion-dollar plan to turn the historic birthplace of the Saudi royal family into a dense cluster of hotels, branded residences, shops and offices. Jerry Inzerillo, the chief executive of the Diriyah development and a longtime Trump associate, said that a Trump-branded project there is “just a matter of time.”
Saudi officials showcased the development to Trump during his state visit in May, walking him through models and construction zones. Inzerillo says they deliberately appealed to Trump’s instincts as a real estate developer and that he was impressed by the scale of the project. Parts of Diriyah have already opened, but most of the site is still under construction.
Read More :Selena Gomez : Net Worth, Biography, Birth, Music Career, Wallpaper
Where governance and private interests intersect
During Trump’s first term, the Trump Organization promised to stop pursuing new foreign deals. That pledge expired with his return to private life, and in his second term there is no such restriction. The result is a deepening overlap between U.S. diplomacy and family business.
Prince Mohammed, who chairs the Saudi sovereign wealth fund and every major real estate project it owns, has long had close ties to Trump’s circle, particularly Jared Kushner. Those relationships survived intense criticism after the murder of journalist Jamal Khashoggi and grew into new business links after Trump left office, including Saudi backing for LIV Golf tournaments at Trump properties and a multibillion-dollar investment into Kushner’s fund.
Now, with talks over a defence pact and nuclear technology on the agenda, the prince is again central to U.S. strategic decisions even as his government entities explore deals with the Trump Organization. In the Gulf, where royal families often control both the state and major companies, such overlaps are common. In the United States, they cut against long-standing expectations that presidents keep a clear distance between public power and private enrichment.
Read Full Article :- How Trump’s Saudi real estate talks blur the line between business and foreign policy