Dar Global brings Trump Tower to Jeddah
Trump development aims to cater to the luxury Saudi market and international investors
Dubai: Dar Global, the Dubai-based property developer listed on the london stock exchange (LSE), partners with The Trump Organisation to bring the Trump Tower to the Jeddah.
This venture marks their second collaboration following the recent announcement of the Trump International Oman project, part of the AIDA development—a $500 million (Dh1.8 billion) mixed-use real estate initiative.
The Jeddah project signifies Dar Global's debut in the city, expanding beyond its role as the global arm of Saudi Arabia’s largest developer, Dar Al Arkan. According to Dar Global, the Trump development aims to cater to the luxury Saudi market and appeal to international investors.
Since its listing on the LSE in February last year, Dar Global has amassed a portfolio pipeline valued at $5.9 billion (Dh21.6 billion), with nearly half of that designated for projects in the GCC, as stated by CEO Ziad El Chaar.