The Trump Organization is reportedly in advanced discussions to align with one of Saudi Arabia’s major government-owned real-estate developments, according to the chief executive of the Saudi company leading the project.

The potential agreement mirrors the growing convergence of the president’s family business interests with U.S. diplomatic engagement.

The prospective deal involves the Diriyah project—a vast luxury destination development managed by the Saudi sovereign wealth fund that spans historic and modern elements of the Kingdom.

Jerry Inzerillo, chief executive of the Diriyah developer, said: “Nothing announced yet, but soon to be… it’s just a matter of time” before a Trump-branded property is integrated into the scheme.

The timing of the negotiations overlaps with a scheduled visit by Saudi Crown Prince Mohammed bin Salman to Washington, during which economic and defence pacts are expected to be finalised.

During a tour of Diriyah in May, the Crown Prince and U.S. President Donald Trump viewed architectural models and discussed the development with Inzerillo and other officials, reflecting the interlinked nature of real-estate interests and diplomatic engagement.

The Saudi-based partner in these ventures is Dar Global, the international arm of Dar Al Arkan Real Estate Development Company, which has described new Trump-branded projects in the Kingdom as “coming”.

It recently announced a one-billion-dollar Trump-branded scheme in Jeddah, highlighting the scale of Gulf real-estate ambition.

While the Trump Organization is providing brand-licensing and development advisory services, the direct investment and operational risk remain with the Saudi partner.

However, observers note that the overlap of business and diplomacy raises questions about governance boundaries and jeopardises perceived separation between the private and public spheres.

The deal remains unsigned and contingent on final commercial, legal and regulatory terms.

Both sides emphasise that the transaction will adhere to applicable licensing arrangements, with no equity stake by the Trump Organization itself.

The full impact of a union between a U.S. presidential business brand and a major foreign state-owned infrastructure complex will be closely watched amid evolving norms of global investment and governance.