During a high-profile meeting at the White House with Saudi Crown Prince Mohammed bin Salman, President Donald Trump addressed concerns about his family’s ongoing business dealings with Saudi Arabia, stating: “I have nothing to do with the family business.” The remarks came after mounting scrutiny over The Trump Organization’s real-estate and licensing ventures in the Gulf alongside U.S. diplomacy with Riyadh.

The heart of the matter centres on several large projects during Mr Trump’s second term in office that involve Saudi-linked developers.

Among them is a luxury Trump-branded hotel project in Jeddah, Saudi Arabia, with Dar Global, and licensing arrangements that continue to generate fees for the Trump name.

While The Trump Organization says the deals are with private companies, analysts note the strong connections between Gulf sovereign wealth funds and state-linked commercial ventures.

Ethics experts warn that the situation blurs the traditional boundary between U.S. foreign-policy decisions and private business interests.

Although The Trump Organization released a voluntary ethics white paper earlier this year that prohibits new contracts directly with foreign governments, it still allows deals with foreign companies — a change from restrictions applied during Mr Trump’s first administration.

The White House has defended the arrangement, contending that the president has stepped away from day-to-day business operations and that his family’s ventures abroad do not influence U.S.-Saudi policy.

The president emphasised that his focus is “100 per cent” on the presidency and described his family’s business activity in Saudi Arabia as minimal and entirely legitimate.

Nonetheless, watchdog groups and lawmakers point to the timing and scale of foreign deals coinciding with diplomatic engagements as raising the appearance of a conflict of interest.

They highlight that Gulf-based funds linked to Saudi Arabia’s Public Investment Fund and other state-connected entities have backed companies affiliated with the Trump family since the end of Mr Trump’s first term.

As the bilateral U.S.–Saudi relationship deepens, including investment and defence cooperation, the spotlight on private business participation complements the public policy agenda.

While no legal breach has been established, the ethics debate remains vigorous — particularly over constitutional concerns such as the Foreign Emoluments Clause and the precedent it establishes for family-run enterprises of sitting presidents.

The unfolding dialogue between governmental duty and private enterprise underscores a broader question of how transparent and separable presidential business interests must be when intertwined with foreign-state actors.