The Trump Organization is expanding its footprint in Saudi Arabia with two new real estate projects in the capital city of Riyadh.
The new landmark projects come in partnership with the London-listed luxury developer, Dar Global. The announcement also comes ahead of the official launch of Trump Tower Jeddah, a high-rise luxury tower in Saudi Arabia’s second largest city located along the Red Sea coast.
Successful Partnership
In addition to Trump Tower Jeddah, Dar Global and The Trump Organization have partnered in other projects, including in Oman and the UAE. These include the Trump International Oman project; the Trump Tower Jeddah in Saudi Arabia; and the Trump Tower Dubai in the UAE.
These ambitious ventures demonstrate the fruitful partnership between the two world-renowned developers, emphasizing their shared vision of redefining luxury living. It also highlights Saudi Arabia’s status as an attractive hub for global investments.
Dar Global is the international arm of the Saudi mega-developer Dar Al Arkan. It is listed on the London Stock Exchange and currently has projects under development, valued at $7.5bn, in 6 countries, including the UAE, Oman, Qatar, the UK, Spain, and Saudi Arabia.
Riyadh Projects
The new Riyadh projects are an extension of a successful partnership between Dar Global and The Trump Organization. In the light of this, Dar Global’s CEO, Ziad El Chaar, said in a statement: “We are proud to expand our collaboration with The Trump Organization and deliver new iconic projects in Riyadh, building on the success of Trump International Oman.”
He added that these developments “will redefine luxury living in Saudi Arabia’s capital and strengthen our presence in this high-growth market. Together, we are setting new benchmarks for quality and sophistication.”
On this occasion, the Executive Vice President of The Trump Organization, Eric Trump, said: “Following the remarkable success of Trump International Oman, as well as our most recent ventures in Dubai and Jeddah, we are thrilled to announce two additional projects in Riyadh.”
He expressed excitement about the partnership with Dar Global, saying that “these developments will set the standard in luxury for years to come, and we are honored to continue our decade-long partnership with Ziad El Chaar and Dar Global to offer an unparalleled residential and lifestyle experience in these key markets.”
Trump Tower Jeddah
Saudi Arabia is bracing for the official launch of the iconic Trump Tower Jeddah this week. It is the first project for The Trump Organization and Dar Global in Saudi Arabia. The Trump Tower Jeddah targets Saudi Arabia’s luxury market and international investors.
The Jeddah Tower promises to be an architectural marvel in the heart of the coastal city, showcasing cutting-edge design and architecture. It will add a new dimension to Jeddah’s cityscape, combining innovation and elegance.
With the captivating views of the Red Sea, the Trump Tower Jeddah offers an unparalleled luxury experience with premium residences, luxury amenities, and high-end retail spaces. It also includes fine dining options, fitness centers and spa facilities for more comfort and convenience.
Fruitful Cooperation
The two Riyadh Projects mark the fourth and fifth collaboration between Dar Global and The Trump Organization. They also fall within the two giant developers’ plans to expand their presence in the Gulf region, and Saudi Arabia in particular.
In July 2024, the real estate developers announced the iconic Trump Tower Dubai, a luxury project that will include the renowned Trump Hotel and branded residential units, each showcasing state-of-the-art amenities and world-class services. Earlier in the same month, they unveiled the Trump Tower Jeddah.
In 2022, Dar Global announced the development of the Trump International Oman project, a luxury project featuring a hotel, villas, as well as a golf course, scheduled to open in late 2028.
Leveraging Opportunities in Saudi Arabia
Expanding investments in Saudi Arabia is part of Dar Global’s growth strategy which prioritizes capitalizing on opportunities in the Kingdom’s growing real estate market. Under Vision 2030, Saudi Arabia has embarked on a series of giga-projects worth $1.3 trillion.
Moreover, these luxury projects underscore Saudi Arabia’s commitment to improving the quality of life and transform the Kingdom into a top destination where people can live, work and play, in line with the objectives of the “Quality of Life Program.”
As a result of these efforts, Riyadh, Al Khobar and Jeddah have emerged among the most liveable cities in the world in the Global Liveability Index 2024. However, Saudi Arabia aims to get 3 Saudi cities among the top 100 liveable cities in the world by 2030.
