The Trump Organization has announced 13 foreign developments since Trump won back the presidency
The Trump Organization has announced plans for 13 new international developments in nine foreign countries since Trump was reelected in 2024, according to CREW’s review of press releases, news reports and other sources. Trump’s foreign business partners will seek contractors, buyers and permits from their governments, creating massive conflicts of interest for Trump, as he weighs American foreign policy against his own financial incentives while serving as president.
Since Trump won the White House again, the Trump Organization has announced new projects that are being developed in Saudi Arabia, India, Qatar, Romania, the Maldives, Georgia and South Korea. They also announced developments in Serbia and Australia, but those plans have since been canceled. Between announcing his candidacy in 2022 and the 2024 election, the Trump Organization announced additional projects in Saudi Arabia, the UAE, Oman and Vietnam that are also undergoing development during Trump’s second term.
These new foreign deals will double the Trump Organization’s international portfolio of owned and branded properties. There are 15 Trump developments abroad that were announced before Trump became a presidential candidate again, according to the Trump Organization’s website. Some of those have still been in development during Trump’s second term, including a resort in Indonesia.
As much as Trump’s conflicts during his first term pushed beyond the bounds of both the Constitution and long-held ethics norms, the aggressive foreign expansion in this term creates new and unprecedented ethics issues. In each country where Trump has business interests, especially those where he has new properties under development, foreign policy may factor in his bottom line.
Most international developments are licensing deals for the Trump Organization, meaning they license the Trump name to another development company in exchange for a fee. Some are also management deals, meaning the Trump Organization is paid to manage the property. The Trumps’ new foreign deals have generated a massive windfall for the president. During his first year back in office, he incorporated more than a dozen companies tied to new foreign projects and took in $117 million in foreign revenue, including $59 million in licensing and development fees.
Ten days before Trump took office, the Trump Organization released an ethics plan for his second term. The document omitted a key limitation to which the Trump Organization had been subject eight years prior: It did not include a ban on new foreign deals. As a result, the president’s namesake private company, which he still owns and profits from, is free to do business in foreign countries while Trump is in office.
Instead of a ban on foreign deals, the Trump Organization’s ethics plan restricts business with foreign governments themselves. But many Trump developments still have unnervingly close relationships to foreign governments where they’re being developed.
In Oman, a Trump hotel, golf course and residences are being developed on land owned by the government as part of a development in which an official tourism agency is a partner. A development in Qatar announced during the first months of Trump’s presidency included a real estate company connected to the country’s sovereign wealth fund as a partner. And in Vietnam, a local government is paying to relocate residents so a Trump-branded development can be built, which the prime minister has agreed to expedite.
Here are all the foreign projects that have been announced since Trump became a candidate for president in 2022. CREW will be updating this page as new developments are announced.