Hyderabad, May 11 -- United States (US) President Donald Trump's administration is reportedly set to accept a super-luxury Boeing 747-8 jumbo jet from the royal family of Qatar, according to ABC News.

Valued at approximately USD 400 million, the aircraft has been described as the most valuable gift ever offered to a US president by a foreign government.

Dubbed a "flying palace," the jet is expected to be officially unveiled this week during Trump's visit to Qatar.

Sources familiar with the matter state that Trump intends to use the aircraft as his new Air Force One for the remainder of his presidency. It is expected to be transferred to the Trump Presidential Library Foundation upon the conclusion of his term in 2029.

Trump previously...