While Trump Talks America First, His Company Awards Multi-Million Dollar Contract to Chinese Govt. Owned Company
While Donald Trump raves about American jobs and America First, his businesses are busy doling out multi-million contacts to foreign entities including Chinese government-owned companies.
A major construction company owned by the Chinese government has just received a $32 million contract from a Trump golf club development in Dubai, United Arab Emirates.
DAMAC Properties, a partner in Dubai, awarded a $32-million contract to the Middle East subsidiary of China State Construction Engineering Corporation (CSCEC) to build a six-lane road as part of Akoya Oxygen, the residential piece of the Trump World Golf Club Dubai project.
Mohammed Tahaineh, Senior Vice President – Commercial for DAMAC Properties, said: “Sustaining momentum from the successful launch of the Trump International Golf Club Dubai at DAMAC Hills, work has been steadily progressing at DAMAC Hills as the community takes shape.”
“We are also pleased with the level of progress at AKOYA Oxygen, AYKON City, Avanti Tower and Merano Tower and our appointment of these reputable contractors, consultants and suppliers to get the work completed on our projects at various stages of development,” he added.
The statements did not detail the exact date the contract was signed but indicated it was penned in the first two month of 2017, the same time President would have been inaugurated.
This raises potential conflict of interest for the president who has until now, refused to release his income tax returns as other recent presidents have done, that would show how is benefiting from his vast real estate empire even as he serves as president.
CSCEC as the Chinese company is known, is majority owned by the Chinese government, according to information from Bloomberg and Moody’s. It is said to be the 7th largest company in China and 37 worldwide with over $130 billion in revenues in 2014.
The Emoluments Clause in the U.S. Constitution forbids U.S. officials from accepting gifts, titles of nobility or emoluments from foreign governments with respect to their office and no benefit should be derived by holding office.
Trump proudly announced in 2014 that DAMAC and his Trump Organization are developing a second Trump golf course in Dubai, UAE.
— Donald J. Trump (@realDonaldTrump) September 23, 2014
CSCEC, the Chinese conglomerate has had a presence in the U.S. since the 1980s. It was one of the companies accused by the World Bank of corruption and banned in 2009 from World Bank-financed contracts.
WHITE HOUSE NEWS
/ 7 months ago
In a move that would not need congressional approval, the Trump administration is working...
/ 8 months ago
U.S. President Donald Trump is at it again. On Tuesday, he demanded in a tweet that...
/ 8 months ago
President Donald Trump’s attorney and former New York mayor Rudy Giuliani asserted Monday that...