Jeddah is set to have its first Trump Tower, as announced by the Trump Organization and Dar Global. The residential project aims to cater to the luxury Saudi market and attract international investors, contributing to the ongoing development in the country.
Dar Global, a subsidiary of Saudi developer Dar Al Arkan, has revealed plans for a residential development in Jeddah in partnership with the Trump Organization. The agreement includes the future launch of a Trump Tower in the city, making it the first such project for the Trump Organization in Saudi Arabia. The collaboration seeks to enhance luxury living standards and attract more international investors to the region.
Ziad El Chaar, CEO of Dar Global, highlighted the significance of this agreement in Saudi Arabia and how it could improve luxury living standards in the region. This deal expands the presence of the Trump Organization in Middle East real estate development and underscores their commitment to growth and innovation in this sector.
In addition to this project, Dar Global has also partnered with the Trump Organization on a $500 million hotel complex in Oman. This agreement allows for use of Trump branding under license while showcasing
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