A new tower named “Trump” in Saudi Arabia.. What’s the story?

Late Monday, Dar Global, the international arm of Saudi developer Dar Al Arkan, said in a statement that the Trump Tower project in Jeddah aims to “attract international investors to the kingdom” and highlight “the Saudi luxury market.”

After arriving at White House In 2017, Trump entrusted the management of his giant real estate group to his sons, although he retained his shares in it.

“We are pleased to expand our business in the Middle East and offer the world-class luxury standards that the Trump Group is known for in collaboration with Dar Global,” said Eric Trump, Trump’s son and executive vice president of the Trump Group, in a statement, according to Dar Global. Global House

He added, “This partnership embodies our shared vision of developing exceptional projects according to the highest levels of luxury, quality and sophistication. In partnership with Dar Global, we seek to meet the growing demand for luxury real estate in key markets in the region, such as the Kingdom of Saudi Arabia.”

For his part, Ziad Al Shaar, CEO of Dar Global, confirmed that “we are pleased to strengthen our partnership with the Trump Group and expand our portfolio by developing exceptional properties that set new standards for the high-growth real estate market in the Kingdom of Saudi Arabia.”

Dar Global is also developing the Trump International Oman complex, which includes a hotel and luxury villas in neighboring Muscat and is expected to be completed in 2028, according to the company’s official website.

The Trump Organization does not own the complex in Oman but allows the use of the Trump name and brand under license.

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