Trump Jr. comes to town

Damac paid the Trump Organization’s subsidiaries between $1m to $5m for two Trump golf course projects

Gulf News

Dubai: Donald Trump Jr. travelled to Dubai and met the Damac Chairman to discuss “new ideas” as the local real estate firm still lists possible plans for future joint projects while Trump’s father is in the White House, according to AP.

The Trump Organization had earlier said it won’t make new foreign deals while Donald Trump serves as America’s 45th president. That didn’t affect the Trump International Golf Club in Dubai’s opening in February, while a previously planned Trump-branded golf course designed by Tiger Woods is being built nearby, AP reports.

Both are being built by Damac. which paid the Trump Organization’s subsidiaries between $1 million to $5 million for the projects, according to a US Federal Election Committee report submitted in May 2016.

Sajwani’s Instagram account posted a picture showing him with Trump Jr., who now runs the Trump Organization with his brother Eric.

“It was great having my dear friend and business partner Donald Trump Jr. over for lunch,” a caption with the photo read. “Discussing new ideas and innovation always make our meetings even more interesting.”

Damac’s recent regulatory filings made by the company suggest possible future plans with the Trump Organization. In a prospectus for a sukuk, it noted Damac’s “product expansion also includes branding arrangements with ... the Trump Organization.”

It also listed plans for a “luxury boutique hotel to be operated by the Trump Organization” at Damac Hills. Days before becoming president, Trump had told journalists that DAMAC had offered the Trump Organization $2 billion in deals after his election, something Damac also confirmed.

While in Dubai, Trump also gave a commencement speech Sunday at the American University in Dubai, a private university founded in 1995 that has some 2,700 students. The university did not announce Trump would be making a commencement speech on its website ahead of time.

For information on the real estate sector within the UAE, please visit our sister site, getthat.com.

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