Trump and Saudi Real Estate Company 4 Billion Project ‘Foreign Government Cooperation’

The New York Times reported on the 20th that President Trump signed a deal last week with Dar Al Arkan, a Saudi real estate firm, for a $4 billion real estate project, and the deal was linked to foreign government cooperation.
The former President Trump deal is a new conflict of interest with the 2024 presidential campaign he just launched last week with his son Eric Trump and the Saudi real estate firm's chief executive at an office in New York's Trump Tower. I signed a deal that would get me into trouble.
The NYT said the Republican Trump family's deal with the Dar Al Arkan real estate company, the deal last week, is the second deal that has direct financial ties with the Middle East government.
The latest deal was signed in a $4 billion real estate project in Oman in which a Saudi real estate company will lead the construction of a Trump-branded hotel villa golf course.
The New York Times said, “The deal continues as a popular practice for Trump family businesses until Trump is elected president,” and “selling branding rights to overseas projects in exchange for license fees.”
On the deal between Saudi Arabia and Trump, “Trump, as a former president who hopes to win again in the White House, has a complicated relationship with foreign government partners with the United States, including his role in ending the war in Yemen and other important foreign policy agendas in Washington. We have effectively cooperated,” he explained about ‘cooperation with foreign government partners’ linked to real estate construction in the Middle East real estate project.
The South Korean government is linked to the Yemeni government forces supported by the Saudi coalition, and the Houthi rebels are a confrontational structure supported by Iran.
Former President Moon Jae-in criticized the Houthi rebels just before the meeting with the Saudi crown prince.
The NYT reported, “The Trump Organization also hosted Saudi government-sponsored LIV golf tournaments at family-owned golf clubs in New Jersey and Florida, funded LIV golf activities with the Saudi government’s $620 billion public investment fund, and later hosted the Trump National Golf Club in Miami. We have paid for two tournaments this year at locations such as Doral and Trump National Golf Club in Bedminster, New Jersey.”
Regarding Jared Kushner, the son-in-law of former President Trump, who attended the North American summit at Panmunjom, the NYT said, "The Trump administration, including Kushner, maintained close ties with Saudi Arabia while President Trump was in office." has received financial support to invest $2 billion in its newly formed private equity firm, Affinity Partners.”
The NYT continued, "Before being elected president, Trump and his family signed agreements licensing the Trump name in territories including Indonesia, Turkey, the Philippines, Dubai, India, Panama and Canada, and own golf resorts in Scotland and Ireland." “One of the Dubai skyscraper deals attempted in 2005 involved Dubai government-controlled real estate firm Nakheel, and the project did not go through,” it reported.
Regarding the “Trump Project,” which he participated in the signing ceremony right after the announcement of his candidacy for president, “the government named it ‘Oman Vision 2040’ and it is to transform the small country’s economy into a diversified system by building hotels, golf courses and other tourist attractions,” he said. The Aida project is managed and operated by the Oman Development and Tourism Company, the Oman Government Tourism Authority, 20 minutes from Muscat, the capital, and will be built on a hill overlooking the Arabian Sea. It includes restaurants and shops,” said the NYT.
Regarding the Oman project, Dar Al Arkhan executives sent a press release to the world media on the 20th confirming a deal with the Trump organization in the new project in Oman.
The press release distributed by Dar Al Arkan, which is headquartered in Rayad, included a photo of its executives sitting with former President Trump and his son Eric Trump at Trump Tower in New York.
The contractor, Ziad El Chaar, CEO of Dar Al Arkan Global, previously worked for the Trump family's business partner, Damac Properties, in Dubai.
“This is yet another example of Trump receiving personal financial gain in exchange for past or future political power,” said Kathleen Clark, a law professor at the University of Washington (St. Louis). "You can count on giving Trump this license deal to benefit them in the future. This deal could be a way to ensure they're in Trump's good graces," he told The New York Times.
"This new deal, in which Trump organizations seek to profit from land or financial capital provided by foreign governments, increases the potential for conflicts of interest as Trump continues his dual role as White House candidate and corporate executive," the lawyers said. did.

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), led by the Crown Prince of Saudi Arabia, invested $2 billion in Affinity Partners, a private equity fund established by Trump's son-in-law, Kushner, shortly after Trump's retirement in April.

At the time, the NYT said, “Kushner’s ‘Affinity Partners’ appeared to have attracted very few large investors other than PIF.” It is highly likely that it will be 'reward' or 'insurance' with former President Trump's return to the presidency in 2024 in mind,” it reported on April 11th.

The NYT continued, “Around this time, Saudi Arabia’s PIF invested $1 billion in the investment company of Steven Mnuchin, a former Goldman Sachs former Treasury Secretary in the Trump administration, and invested twice as much in his son-in-law.”After taking office in 2017, Republican President Trump made an extremely unusual choice of Saudi Arabia for his first state visit.

The Trump regime adhered to the policy of advocating Bin Salman despite the conclusion of US intelligence authorities that Saudi Crown Prince bin Salman ordered the killing of Saudi journalist Jamal Khashoggi.

PIF (Saudi Sovereign Wealth Fund) signed a contract with Hanmi Global for Neom City e-PMO (Special Management Program Management) service in June of last year, and Hanmi Global is in charge of three areas of general project management, transportation, environment, and sustainability as a construction project promotion advisory service.

Chan-gun Han, vice chairman of Hanmi Global, said, “Of the total 670 trillion won in Neom City, about 30% will be covered by PIF or the Saudi government budget, and the rest is highly likely to be carried out as a PPP (Private Partnership Investment Project) by receiving foreign investment. “I asked for an investment proposal first,” he said on the 21st, saying, “The crown prince seems to be putting in effort to attract Asian investment, especially considering Korea as a promising investment destination.”