BREAKING: Trump Announces Plans For New Trump Tower


The Trump empire is stronger than ever, based on a statement by the former president that his corporation will be undertaking a new venture overseas within the next year.

In a surprise announcement on Monday, the Trump Organization revealed plans to build a new Trump Tower in Saudia Arabia with a focus on luxury amenities targeted toward the country’s high-net worth individuals, according to CNN. The new tower will be constructed in the city of Jeddah, a popular port citizen with about four million residents, and will be designed in partnership with mega-developer Dar Al Arkan of the Dar Global brand.

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“We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global,” Eric Trump, executive vice president of the Trump Organization and son of former president Donald Trump, said in the announcement. Dar Global added the venture would cater to the “luxury Saudi Arabian market and international investors.”

The sudden news builds on a previous announcement that Dar Global and the Trump Organization would be partnering on the construction of a $500 million Trump International hotel complex in Oman, another relatively peaceful Middle Eastern nation that shares a lengthy border with Saudia Arabia. The five-star hotel, set for completion in 2028, promises a nightclub, golf course and members-only club. The Trump name and logo will be affixed to the property, Dar Al Arkan confirmed to the outlet.

Watchdog groups have already cited the pending projects as areas of potential conflict if President Trump were to win another four-year term.

“The Trump Organization’s continued pursuit of foreign business projects raises perilous national security, corruption and constitutional concerns,” Donald K. Sherman, senior vice president and chief counsel at the Citizens for Responsibility & Ethics in Washington (CREW), told CNN in a statement. “This is particularly true of their development in Saudi Arabia, whose government has a long history of apparently seeking to influence Donald Trump. If Trump were to return to the presidency, he would likely violate the Foreign Emoluments Clause of the Constitution, as he did repeatedly in his first term in office.”

CREW previously found that President Trump made at least $9.6 million off his Middle East properties during his four years in office. The Republican has maintained his distance from the Trump Organization’s day-to-day operations, instead entrusting his sons Eric Trump and Donald Trump, Jr. to do what they think is best for the family brand.

The timing of the announcement is good news, considering a legal ruling in New York state earlier this year that the Trump Organization artificially inflated the value of its assets to leverage favorable loan terms with banks. President Trump, who attended most of the trial, has accused state Attorney General Letitia James of unfairly targeting him and seeking to dismantle the company he inherited from his father.

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