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Jan 10, 2026 Trump Organization announced $10 billion in Saudi Arabian luxury developments funded by the Saudi sovereign wealth fund Corroborated Economic Structure
The president's family business struck major deals with a foreign government while he negotiated defense and energy agreements with that same country.
Independently corroborated by1 independent news desk
Supporting reportingSurfacings — do not carry alone
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- Trump Organization announced $10 billion in Saudi Arabian developments — Trump's family business announced $10 billion in luxury real estate developments in Saudi Arabia, expanding its footprint in the Gulf. Real estate developer DarGlobal, which has partnered with the Trump Organization in the past, announced a $7 billion project including a Trump-branded hotel and golf course as part of the Diriyah development backed by the Saudi sovereign wealth fund. The two businesses are also working on a $3 billion Trump Plaza tower in Jeddah that will include offices, high-end apartments, and townhouses. The announcement comes weeks after Crown Prince Mohammed bin Salman met Trump at the White House and agreed to a series of deals in defense, AI, and nuclear energy.
- Trump Organization announces $3 billion Saudi development deal in Jeddah — The Trump Organization announced a separate $3 billion deal with Dar Global to construct Trump Plaza in Jeddah, Saudi Arabia. Like the Diriyah project, this development is part of Saudi Arabia's broader investment initiatives and involves licensing the Trump name to a developer closely tied to the Saudi government. The deal follows Trump's November 2025 grant of major non-NATO ally status to Saudi Arabia and represents a second major Trump Organization project in the kingdom announced simultaneously.
- Trump Organization announces $7 billion Saudi development deal while holding presidency — The Trump Organization announced a partnership with Dar Global to build a $7 billion "Trump-branded hotel and golf course" in Saudi Arabia's Diriyah development. The project, which includes 500 mansions priced between $6.7 million and $24 million, is funded by Saudi Arabia's Public Investment Fund (PIF), chaired by Crown Prince Mohammed bin Salman. According to Forbes reporting on similar deals, approximately 80% of the money will flow directly to Trump through licensing fees. The Diriyah Company, which is implementing the master plan, is a wholly owned subsidiary of PIF, making the deal effectively with the Saudi government.
- Lauder donated to Trump's campaign and subsequently received favorable policy treatment on Ukraine minerals — Ronald Lauder donated $100,000 to Trump's 2016 campaign and $5 million to Maga Inc in March 2025. A November 2023 leaked letter revealed Lauder was part of a mining consortium seeking to exploit Ukrainian lithium deposits. After Lauder's 2025 donations, the US and Ukraine signed a minerals-exploitation deal in April 2025, and Lauder's consortium reportedly won the first lithium tender under that agreement, suggesting a direct correlation between financial support and policy outcomes favoring his business interests.
- Ronald Lauder encouraged Trump to acquire Greenland and subsequently acquired business interests there — Ronald Lauder, a billionaire cosmetics heir and longtime Trump associate, first proposed in 2018 that the US purchase Greenland. Trump's national security adviser John Bolton confirmed Lauder made this suggestion, after which the White House explored increasing US influence in the Arctic territory. Years later, as Trump threatened military seizure of Greenland during his second term, Lauder acquired commercial holdings there, including ventures in luxury springwater export and hydroelectric power generation for an aluminium smelter.
Verified: Corroborated — 2+ independent news desks
Week 52 – 2026-01-10–2026-01-16
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