The Trump Organization is holding discussions to potentially bring a Trump-branded building to a Saudi government-owned project worth some $63 billion, The New York Times reported Saturday, ahead of US President Donald Trump’s White House meeting next week with Saudi Crown Prince Mohammed bin Salman.

“Nothing announced yet, but soon to be,” Jerry Inzerillo, chief executive of the Diriyah development and a longtime friend of Trump, told the outlet, adding it is “just a matter of time” until the agreement is inked.

The report said neither the Trump Organization nor Eric Trump, the US president’s second-oldest son who oversees the business, responded to questions on the matter, but noted that “it can be hard to separate hype from reality in international real estate discussions.”

The deal would be inked with Dar Global, a subsidiary of a major Saudi real-estate development firm with close ties to the royal family. According to a second report in the New York Times published Saturday, the firm “has become the Trump Organization’s most important foreign business partner and a key conduit to Gulf Arab governments and companies.”

According to the report, previous Dar Global deals to license the Trump name brought........

© The Times of Israel