Dar Global and The Trump Organization Announce Second Collaboration with Future Launch of Trump Tower Jeddah, Saudi Arabia
Dar Global, the luxury international real estate developer, and The Trump Organization, known for its prestigious properties worldwide, have unveiled plans to develop a new project in Jeddah, Saudi Arabia. This new agreement follows the success of The Trump International Oman project within the AIDA development, one of the largest premium mixed-use real estate projects globally, which has received significant acclaim.
Targeting the luxury Saudi Arabian market and international investors, this development advances Dar Global’s growth strategy by capitalizing on opportunities in key cities across the Kingdom. As the international arm of Saudi mega-developer Dar Al Arkan, this project marks Dar Global’s debut in Jeddah and strengthens its real estate offerings in the country. Listed on the London Stock Exchange, Dar Global currently has $5.9 billion worth of projects under development in six countries: the UAE, Oman, Qatar, the UK, Spain, and Bosnia.
Ziad El Chaar, CEO of Dar Global, stated, "We are delighted to strengthen our ongoing relationship with The Trump Organization 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 growing our footprint by elevating the standards of luxury living in the region.”
Eric Trump, Executive Vice President of The Trump Organization, added, "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.”
