Trump Tower in Georgia to be built on land part-owned by son of US sanctions-hit leader
Summary
A new Trump Tower is planned for Tbilisi, Georgia, on land partly owned by the son of a Georgian billionaire and politician who was sanctioned by the U.S. government in 2024. The project is a partnership between the Trump Organization, run by President Donald Trump's sons, and several Georgian firms.Key Facts
- Trump Tower in Tbilisi will be built on land owned by the International Charity Fund Cartu.
- Cartu is 35% owned by Uta Ivanishvili, son of Bidzina Ivanishvili, a powerful Georgian politician under US sanctions.
- Bidzina Ivanishvili was sanctioned by the Biden administration in 2024 for undermining Georgia's democratic future.
- Uta Ivanishvili reduced his ownership share after his father was sanctioned; the rest of the ownership is unclear.
- US citizens are banned from doing business directly with Bidzina Ivanishvili without permission, but there are exceptions for his businesses.
- The Trump Organization, managed by Donald Trump Jr. and Eric Trump, is partnering with four Georgian companies and one US company on the tower.
- The Tbilisi plot was formerly a Soviet horse-racing track and was agreed to be sold to a new company in 2023.
- The Trump Organization has similar projects abroad, including in Oman and Saudi Arabia, some involving government-owned land or partners.
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