Member Since: 8/19/2013
Posts: 28,773
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Trump registers eight companies in Saudi Arabia
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The business interests range from sprawling, ultraluxury real estate complexes to one-man holding companies and branding deals in Azerbaijan, Indonesia, Panama and other countries, including some where the United States maintains sensitive diplomatic ties.
Some companies reflect long-established deals while others were launched as recently as Trump’s campaign, including eight that appear tied to a potential hotel project in Saudi Arabia, the oil-rich Arab kingdom that Trump has said he “would want to protect.”
Other potential projects remain a mystery. In August 2015, as Trump’s presidential campaign began to take flight, Trump registered eight separate companies with names such as THC Jeddah Hotel and DT Jeddah Technical Services, financial-disclosure filings show. Their names followed a pattern set by Trump companies connected to hotel deals in foreign cities: in this case, Jiddah, the second-biggest city in Saudi Arabia.
On Aug. 21, the same day Trump created four of the Jiddah companies, he told a rally crowd in Alabama: “Saudi Arabia, I get along with all of them. They buy apartments from me. They spend $40 million, $50 million. Am I supposed to dislike them? I like them very much.”
In January, a few months after the Jiddah companies were created, Trump told Fox News that he “would want to protect Saudi Arabia” from a potential Iranian threat but added that “Saudi Arabia is going to have to help us economically” and referenced the billions of dollars the Arab kingdom has made off the oil trade.
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But I thought he was against anti-gay countries?
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