Quote:
Originally Posted by Sky88
Why does one have to go to the Arabian desert to build a skyscraper like this? He could have built it in New York, Chicago or Las Vegas...
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The Trumps aren't funding it, Dar Global is. The Trumps are essentially just selling their name brand.
"In most of the Trump Organization’s foreign deals, the company’s partners put up the capital to construct the hotels, towers or golf courses. The Trump family is effectively selling its name and brand, and typically plays a long-term role in managing the properties.
The Trump Organization is paid a branding fee up front and annual payments afterward for the foreign branding deals and management fees that collectively are worth about $10 million a year, according to a 2024 financial disclosure. Mr. Trump has turned over management of his companies to his sons, but he still benefits financially from these foreign projects."
https://www.nytimes.com/2025/04/30/world/middleeast/trump-family-qatar-dubai.html