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Kushner teams up with Alabbar to build Trump hotel in Belgrade

Founder of Gulf-backed Affinity Partners tells Bloomberg he talked to brother-in-law Eric Trump and they settled on the licensing deal

Photo: Jonathan H. Ferziger

Affinity Partners founder Jared Kushner at 2022 Future Investment Initiative conference in Riyadh

Jared Kushner, founder of Gulf-backed Affinity Partners, is bringing the Trump name to Belgrade.

Kushner tells Bloomberg in an interview published Thursday that Affinity will team up with Mohamed Alabbar, founder of Dubai-based Emaar Properties, to develop a luxury hotel and apartment complex on the site of the former Yugoslav defense ministry in the Serbian capital.

Kushner said he discussed the idea with Eric Trump, his brother-in-law and executive vice president at the Trump Organization, and they settled on the licensing deal.

Hussain Sajwani, founder of Emaar rival Damac Properties, appeared with President-elect Donald Trump at his Mar-a-Lago resort last week and pledged to invest $20 billion to build data centers in the U.S.