Trump Signs $2B Saudi Golf Deal

Trump Strikes $2 Billion Deal with Saudi Arabia for New Golf Venture

Jeddah, Saudi Arabia – May 14, 2025

Former U.S. President Donald Trump has finalized a monumental $2 billion agreement with Saudi Arabia’s Public Investment Fund (PIF) to develop a luxury golf and resort complex near Jeddah, sources close to the deal confirmed today.

The project, tentatively named Trump International Golf Club – Jeddah, is set to feature two championship golf courses, a five-star hotel, and high-end residential villas. This marks Trump’s latest business venture in the Middle East, further deepening his ties with Saudi Arabia, a country he frequently engaged with during and after his presidency.

'This is a historic partnership,' Trump said in a statement. 'Saudi Arabia is a tremendous place with incredible vision under Crown Prince Mohammed bin Salman. Together, we’re going to build the most spectacular golf destination in the world.'

The deal comes amid ongoing scrutiny over foreign investments in Trump’s businesses, particularly from Gulf nations. Critics argue that such ventures could pose conflicts of interest, especially if Trump makes another presidential run in 2024. However, Trump’s representatives have dismissed these concerns, stating that this is purely a private sector endeavor.

Saudi officials have welcomed the project, emphasizing its alignment with the Kingdom’s Vision 2030 initiative to diversify its economy and boost tourism. 'This partnership with the Trump Organization underscores our commitment to world-class development,' said a PIF spokesperson.

Construction is expected to begin in early 2026, with the first phase slated to open by late 2027. Analysts suggest this deal could further solidify Trump’s business empire’s presence in the Gulf, even as his political future remains a hot topic in the U.S.

— Reuters, with additional reporting by The Wall Street Journal

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