Because something something real estate crooked deals and Trump lining his own pockets.
President-elect Donald Trump registered eight companies during his presidential campaign that appear to be tied to hotel interests in Saudi Arabia, according to a report in The Washington Post.
Trump registered the companies in August 2015, shortly after launching his presidential bid, according to The Post.
The companies were registered under names such as THC Jeddah Hotel and DT Jeddah Technical Services, according to financial disclosure filings.
The names of the companies registered appeared similar in pattern to how Trump named other companies connected to hotel deals registered in foreign cities, according to the Post. Trump names companies after cities in the state in which he is dealing with. Jiddah, also spelled Jeddah, is the second-largest city in Saudi Arabia, located on the Red Sea coast about 60 miles west of Mecca.
The Post reported that by the time of Trump’s May financial filing, four of those companies in which Trump was the president or director were still active. Trump has in the past said he wants to protect the oil-rich Arab kingdom.
During a rally on August 21, the day Trump created four of those companies, he said he gets along well with Saudi Arabia.
“They buy apartments from me,” Trump said during the Alabama rally. "They spend $40 million, $50 million. Am I supposed to dislike them? I like them very much.”
Before his inauguration, Mr. Trump handed his business, the Trump Organization, over to his eldest sons and his executives. But even with that distance, Mr. Trump continues to be the face of the company that bears his name, adding an unusual dimension to his foreign tours and diplomatic outreach — with the potential that he could return again as a businessman. In fact, Mr. Trump has registered or applied for a number of trademarks in both Israel and Saudi Arabia in the last decade, according to a review of international trademark databases, in categories that cover both potential real estate development projects and consumer goods.
…The Trump Organization has said it scouted a hotel deal in Saudi Arabia in recent years but ultimately opted not to pursue it. The company had set up eight corporate entities that appeared to be linked to a Jidda, Saudi Arabia, deal in August 2015, after Mr. Trump had begun his campaign. Each of those has since been canceled.
At a rally in Alabama in 2015, Mr. Trump suggested that he had benefited from the Saudis in his residential business, saying: “Saudi Arabia — and I get along great with all of them. They buy apartments from me. They spend $40 million, $50 million. Am I supposed to dislike them? I like them very much.”