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Saudi real estate: Dar Global awards $531m contract for Trump Tower Jeddah

Dar Global awards $531m contract for Trump Tower Jeddah to Arabian Construction Company, advancing construction landmark

Trump Tower Dar Global Saudi real estate
Dar Global awards $531m contract for Trump Tower Jeddah to Arabian Construction Company, advancing construction landmark

Dar Global has awarded the main works contract for Trump Tower Jeddah to Arabian Construction Company (ACC), marking a major construction milestone for what is set to become one of the city’s most iconic residential towers.

The London-listed luxury developer confirmed the award following the completion of the enabling and foundation works for the SR2bn ($531m) project on the Jeddah Corniche.

Positioned to be one of the tallest buildings in the city, Trump Tower Jeddah will comprise 47 storeys of ultra-luxury residences, defined by a striking architectural design and high-end specifications.

Dar Global awards Trump Tower Jeddah contract

The development will also include the Kingdom’s first Trump Club — a private members-only social hub offering premium amenities, exclusive experiences and enhanced privacy.

Ziad El Chaar, CEO of Dar Global, said: “Trump Tower Jeddah represents the next era of luxury living in Saudi Arabia. With the enabling and foundation works completed and the main works now awarded, the project is ready to rise, a symbol of our long-term commitment to bringing world-class real estate to the Kingdom.

“This milestone reflects our confidence in Saudi Arabia’s vibrant real estate market and our mission to deliver globally benchmarked developments that elevate the local landscape.”

Saudi real estate development

Rasheed Mikati, Executive Director of Arabian Construction Company, said: “We are immensely proud to be awarded this significant contract for Trump Tower Jeddah. This collaboration with Dar Global reinforces our proven expertise in delivering complex, high-profile projects.

“Dar Global consistently delivers world-class projects, and we are thrilled to partner with them on this iconic development.

“ACC is fully committed to bringing this architectural landmark to life with the highest standards of quality and innovation, ensuring it becomes a testament to Jeddah’s ambition and our capabilities.”

  • A disclaimer issued with the announcement clarified that Trump Tower Jeddah is not owned, developed or sold by The Trump Organisation or any of its current or former principals or affiliates. Dar Global PLC uses the “Trump” name and mark under licence, which may be terminated or revoked in line with the licence terms.

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