Trump family ventures expand in Georgia, Kazakhstan, Armenia-Azerbaijan corridor

September 23, 2026 at 08:09 AM2 min

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Trump-linked businesses, including family members, are expanding projects in former Soviet republics, Bloomberg reports. The ventures span a Tbilisi skyscraper, a tungsten deposit in Kazakhstan, and a transport corridor between Armenia and Azerbaijan. The White House says the president acts in the public interest and there is no conflict of interest.

Key Facts

Trump Organization is building the 280-meter Trump Tower Tbilisi, part of a $2 billion development project.
Investor Konstantin Sokolov leads a $201 million fund for the TRIPP transport corridor between Armenia and Azerbaijan.
Cove Capital Group acquired a controlling stake in Kazakhstan's largest undeveloped tungsten deposit with US administration assistance.
Eric Trump and Donald Trump Jr. entered the Kazakhstan project through a stake in Skyline Builders.
US development institutions approved up to $1.6 billion for the projects.

Tbilisi Skyscraper

Trump Organization is constructing the 280-meter Trump Tower Tbilisi, the centerpiece of a $2 billion development. Eric Trump said at the project presentation that the company sees Tbilisi as a significant international business and investment hub. The 62-story tower was presented in September and is scheduled for completion by 2031. Trump structures previously considered branded projects in Batumi, Baku, and Moscow, but those were not implemented.

Transport Corridor

The TRIPP corridor between Armenia and Azerbaijan is led by investor Konstantin Sokolov, who heads a $201 million fund. Under an unratified agreement, a US structure will hold 74% of the route operator company, with Armenia holding 26%. Armenia, Azerbaijan, and the US agreed on the 'Trump Route for International Peace and Prosperity' (TRIPP) in August 2025. The corridor is intended to connect mainland Azerbaijan with Nakhchivan through Armenia.

Kazakhstan Tungsten

Cove Capital Group obtained a controlling stake in Kazakhstan's largest undeveloped tungsten deposit with assistance from the US administration. Tungsten is used by the Pentagon in ammunition and shell production. Eric Trump and Donald Trump Jr. entered the project through a stake in Skyline Builders, which acquired participation in a tungsten-related structure.