T
he Trump Organization is gearing up for international business ventures under Donald Trump's second term as president, adopting a less restrictive ethics approach compared to his first term. Eric Trump, the de facto leader of the family business, will pursue global real estate deals while avoiding direct transactions with foreign governments.
Eric Trump is developing Trump-branded projects in Oman, Saudi Arabia, Indonesia, India, Vietnam, and the United Arab Emirates. In Oman, a golf course, hotel, and villa complex is being developed, involving profit-sharing with the government due to its land ownership. The Trump Organization has already earned $7.5 million from this deal.
The company aims to balance public criticism with business expansion by crafting an ethics "white paper" that includes a prohibition on direct deals with foreign governments, an outside ethics adviser, and donating profits from foreign officials at hotels and golf clubs to the U.S. Treasury. This approach differs from Trump's first term, where a more restrictive policy was in place.
However, legal experts have criticized this approach, suggesting it may violate anti-corruption provisions and trigger new emoluments clause lawsuits. The company remains interested in potential Israeli projects, but is waiting until the current conflict ends.
realestate
Trump Organization pursues global expansion amidst controversy
The Trump Organization renews global business efforts despite ethics concerns, anticipating a second presidential term.
Read More - realestate
realestate
Buyer found for Robin Williams' previous Seacliff residence
Seacliff home of Robin Williams sells after a year on the market
Read More - realestate
realestate
Potential for Development in Far North Side with Broadway Upzoning
Zoning proposal aims to transform Broadway on Chicago's Far North Side
Read More
realestate
Did a Senior Mayoral Staffer Sacrifice Everything for Chick-fil-A?
Ingrid Lewis-Martin accused of expediting real estate project for cash and gifts for son