Project is part of the Lido City development in Jakarta and is the first to link the US president’s business interests to Beijing’s epic infrastructure plan
A billion-dollar Indonesian property development with ties to Donald Trump has become the latest project in China’s globe-spanning Belt and Road infrastructure project – just as Washington and Beijing are tussling over trade.
A subsidiary of Chinese state-owned construction firm Metallurgical Corporation of China (MCC) signed a deal with Indonesia’s MNC Land to build a theme park outside Jakarta as part of the ambitious project, the company said on Thursday.
The deal is the latest to raise questions about the extent of Trump’s financial exposure to Beijing.
The park – expected to be backed with up to US$500 million in Chinese government loans – is part of an “integrated lifestyle resort”, known as MNC Lido City.
The project includes Trump-branded hotels, residences and a golf course, as well as other hotel, shopping and residential developments.
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A Trump building project in Indonesia is receiving millions from Chinese government. How is this not emoluments? https://t.co/TGQiFSqsk3 via @SCMP_News
— Adam Davidson (@adamdavidson) May 14, 2018
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