Saudi Arabia’s Dar Global and The Trump Organisation have announced plans to develop a new project in Jeddah.
This new agreement builds on the success of The Trump International Oman project within the AIDA development, one of the largest premium mixed-use real estate projects in the world.
Targeting the luxury Saudi Arabian market and international investors, this development significantly advances Dar Global’s growth strategy of capitalizing on opportunities across key cities in the Kingdom.
Trump Tower Jeddah to boost Saudi real estate
As the international arm of the Saudi mega-developer Dar Al Arkan, this new project marks Dar Global’s debut in Jeddah, Saudi Arabia and will further strengthen its real estate offerings in the country.
Listed on the London Stock Exchange, Dar Global currently has $5.9bn worth of projects under development in six countries:
- UAE
- Oman
- Qatar
- UK
- Spain
- Bosnia
Ziad El Chaar, CEO of Dar Global, said: “We are delighted to strengthen our ongoing relationship with The Trump Organisation and expand our portfolio by delivering premium properties to redefine Saudi Arabia’s high-growth real estate market.
“The new agreement in Saudi Arabia will leverage the strengths of both organizations to attract more international investors and vacationers. This collaboration underscores our commitment to grow our footprint by elevating the standards of luxury living in the region.”
Eric Trump, Executive Vice President of The Trump Organisation, said: “We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global.
“This collaboration embodies our shared vision of creating landmark developments that exude luxury, quality, and sophistication. Together with Dar Global, we are setting new benchmarks for excellence, aiming to meet the demand for iconic properties in key markets.”
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