Trump Family Expands Real Estate and Cryptocurrency Businesses in the Middle East
The Trump family has been reaping substantial benefits in the Middle East, with their business empire expanding significantly in the region, involving real estate and cryptocurrency sectors.
During President Trump's visit to the Middle East, he refrained from discussing questions related to business deals with the Saudi Crown Prince and UAE - backed companies. He also made no mention of projects associated with the family - owned golf businesses. However, CNN investigations have revealed that Trump family members have been vigorously investing in the Middle East since his first term. They have been involved in constructing skyscrapers, golf courses, and planning to issue virtual currencies, with their business scale nearly tripling.
In the real estate domain, the Trump Organization has struck multiple property project deals with Dar Global, a subsidiary of Dar Al Arkan, Saudi Arabia's largest - listed real estate developer. These projects include constructing two new Trump Towers in Dubai and Jeddah, a golf resort under a Qatari government project, and a hotel - golf complex in Oman. In April 2025, the Trump Organization made its foray into the Qatari real estate market and announced a new skyscraper project in Dubai.
When it comes to cryptocurrency, Eric Trump and Zach Witkoff, son of Trump's Middle East envoy, announced at a cryptocurrency conference in Dubai that the UAE - royal - backed MGX fund would invest $2 billion in the cryptocurrency exchange Binance using the cryptocurrency USD1 developed by their company. Eric Trump and Zach Witkoff co - founded the cryptocurrency company World Liberty Financial last year. In March this year, they launched USD1, a dollar - backed stablecoin pegged to the US dollar at a 1:1 ratio. The company controlled by the Trump family, DT Marks DeFi LLC, holds a 60% stake in World Liberty Financial. According to the issuance documents, companies affiliated with Trump can receive 75% of the net income of World Liberty Financial.
These business activities of the Trump family have drawn continuous criticism and raised concerns in the United States. American government officials and civil society groups have persistently raised the issue of potential conflicts of interest in the business using the Trump brand. There are accusations that the interests of the Trump family are directly or indirectly linked to the current president. The Democrats have gone so far as to label Trump's actions as "blatant corruption".
Experts also worry that the large - scale investments by the Trump family in the Middle East may damage the reputation of the United States and even pose risks to national security. There are concerns that these investments might increase the risk of foreign forces interfering in US policies. As the Trump family's business empire continues to expand in the Middle East, the controversy over the blurring of the boundaries between private enterprise and public policy is likely to persist.
