realestate

Trump Organization pursues global expansion amidst controversy

The Trump Organization renews global business efforts despite ethics concerns, anticipating a second presidential term.

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.

Trump Organization logo on world map, controversial global expansion strategy.