The Trump Organization unveiled its newest Trump International Hotel & Tower in the United Arab Emirates, just ahead of President Donald Trump’s visit to the Middle Eastern region.
Standing at 80 stories tall, the project marks the Trump Organization’s first international hotel and tower within the Middle East, where it resides in Dubai, a city that is quickly gaining traction in the world of tourism. It is also the fifth time the Trump Organization has collaborated with London-based real estate developer Dar Global, with a press release stating the project reiterates the Trump family’s confidence in the region.
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“This whole region is dependent on a strong America. And I hear that time and time again,” Eric Trump told Reuters. “I hear that from the biggest leaders in the Gulf. Dubai, like the entire world, thrives on a healthy, safe world, and that’s what President Trump wants.”
Trump also detailed how the organization’s newest location will accept cryptocurrency from visitors and consumers, a move that he deemed “very exciting.” It comes after the president’s son detailed how people who own crypto “can’t be canceled” financially, urging the United States to lead on this.
Dar Global CEO Ziad El Chaar has also stated that the tower is expected to take around four years to build, with an additional year being taken as a backup. The first 18 floors of the tower will be dedicated to its hotel, with two other floors going toward the Trump Organization’s club.
Beyond being a hotel, the tower will also have residential offerings, including two penthouses inspired by the Trump Tower’s New York penthouse. These two living offerings will feature sky pools along with floor-to-ceiling windows.
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The gross development value of this new property is expected to be $1 billion.
Last week, White House press secretary Karoline Leavitt revealed that the president will be touring the Middle East for three days from May 13-16, which will include visits to Saudi Arabia, Qatar, and the UAE. Eric Trump, however, stated he would not join him for this visit since he wants “nothing to do with politics or policy,” but did state that his father “loves the region.”