The Trump Organization is holding discussions to potentially bring a branded building to a Saudi government-owned project worth some $63 billion, The New York Times reports.
“Nothing announced yet, but soon to be,” Jerry Inzerillo, chief executive of the Diriyah development and a longtime friend of US President Donald Trump tells the outlet, saying it is “just a matter of time” until the agreement is inked.
The Times says neither the Trump Organization nor Eric Trump, who oversees the business, responded to questions on the matter, but notes that “it can be hard to separate hype from reality in international real estate discussions.”
The report comes as Trump plans to host Saudi Crown Prince Mohammed bin Salman at the White House next week, when they are expected to sign economic and defense agreements. Trump said yesterday that he was considering agreeing to a deal to supply Saudi Arabia with F-35 stealth fighter jets and that he hopes Riyadh will normalize relations with Israel.
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