One undercovered bit of the “circus” of a press conference today, is that President-Elect Donald Trump said he turned down a $2 billion deal with a Dubai real estate company “over the weekend.”
The president-elect said the deal was with “a very, very amazing man, a great developer from the Middle East,” while talking about his magnanimous gesture to turn down business little more than a week away from when he takes the oath of office.
He was referring to Hussain Sajwani, chairman of Damac Properties Dubai Co. The company already has two golf resort development deals with Trump in Dubai which paid him as much as $10 million in 2015 and the first part of 2016, according to his financial disclosure filed last May.
“Damac confirms that discussions took place but, as stated, they were declined. These were proposals for different property deals,” Damac’s spokesman Niall McLoughlin said by phone from Dubai. He declined to say whether those deals involved properties in Dubai or when the talks took place.
The company did not confirm that it was worth $2 billion, and refused to elaborate on whether or not this deal was in the works before the election or after. Latest.com has reached out to the Trump transition team for comment and there’s been no reply at the time of this writing.
This would not be the first business relationship between the Trump organization and Damac. The president-elect praised the businessman in a speech during his New Year’s Eve celebration, and already has two projects with the company, according to CNN Money.
Perhaps the most surprising revelation–or, at least, implication–from the president-elect’s remarks is that he is still devoting time during this transition to business conferences.
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