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Rulers Eye Tech, Arms, Influence as Trump Kin's Empire in Gulf Grows
The Straits Times
|May 12, 2025
Gulf States See Trump-Related Ventures as an Easy Route to Access, Say Experts
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DUBAI — Ahead of US President Donald Trump's Gulf visit this week, his son Eric was promoting his crypto firm in Dubai, while Don Jr prepared to talk about "Monetising Maga" in Doha.
In April, the Trump Organisation struck its first luxury real estate deal in Qatar and released details of a billion-dollar skyscraper in Dubai whose apartments can be bought in cryptocurrency.
In a monarchical region awash with petrodollars, the list of Trump-related ventures is long and growing. However, the presidential entourage is not the only party cashing in, analysts say.
"Gulf governments likely see the presence of the Trump brand in their countries as a way to generate goodwill with the new administration," said Dr Robert Mogielnicki of the Arab Gulf States Institute in Washington.
If the President chose, he could criss-cross the region from one Trump venture to another when he visits Saudi Arabia, Qatar and the United Arab Emirates (UAE) this week on the first foreign tour of his second term.
From Dubai's Trump International golf course to a high-rise apartment block in Jeddah and a US$4 billion (S$5.2 billion) golf and real estate project on Omani state-owned land, business links are not hard to find in the desert autocracies.
Cette histoire est tirée de l'édition May 12, 2025 de The Straits Times.
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