The Trump Organization inked a licensing agreement with a Saudi Arabian developer, ending a hiatus from international deals as Donald Trump prepares his return to presidential politics.
The Trump Organization agreed to license its brand to a housing and golf complex set to be built in Oman, the New York Times reported. Financial terms of the deal with Dar Al Arkan were not disclosed; Quara Holding is the developer’s parent company.
The deal is the company’s first international marketing agreement since the end of Trump’s presidency and marks a return of ethical concerns over the intersection of his business and political interests. The Times report came one day before Trump is expected to announce a 2024 presidential run.
The $1.6 billion project in the Middle East, known as Aida, will also include 3,500 residential units, 450 hotel rooms and luxury retail destinations. The golf course will become the 17th to bear the Trump name, but it’s unclear yet if one of the project’s hotels will also carry the name.