Is Trump Considering Carrying on His Interest in Mena Business Plans?

  • Date: 26-Jan-2021
  • Source: Al Bawaba
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Is Trump Considering Carrying on His Interest in Mena Business Plans?

Prior to getting involved in US politics, former US President Donald Trump was amongst the world's well-known businessmen, one who continuously pursues business deals worldwide, especially real estate related ones.

Interest in the business opportunities in the Middle East has been no exception, which is why Trump had for years engaged in serious discussions over investments, including ones in the UAE and KSA.

However, his 2015 decision to run for office and winning the 2016 elections had urged him to announce putting all of his business plans on hold in order for him "to avoid conflict of interest." Now that he left the White House for good after ending his first term and failing to win a reelection, questions over his future business plans are on the rise.

Since politics had brought Trump and most of the GCC leaders closer over the last four years, analysts are increasingly wondering whether this will facilitate business talks for potential investments he could make in the UAE, KSA, or elsewhere in the region.

According to the Washington Post, business cooperation between Trump and the Saudi government dates back to the 1990s, when he sold an apartment near the United Nations to the Saudi government for $4.5 million. Similarly, Trump