Dar Global to launch Saudi Arabia project with Trump Organisation
Dar Global said the project is its second collaboration in Jeddah with The Trump Organisation.
Dar Global, a London-listed luxury real estate developer, plans to launch a Trump Plaza in the Saudi Red Sea city of Jeddah in a second collaboration with the Trump Organisation, following the success of Trump Tower Jeddah.
The announcement by the company said the one billion dollars (£750 million) landmark development is to rise along King Abdulaziz Road in the heart of the city.
Dar Global said the project is its second collaboration in Jeddah with The Trump Organisation following the launch of Trump Tower Jeddah in December last year.
Dar Global said the project will have a Central Park-inspired green spine as an anchor, “bringing Manhattan-style vibrancy” to Jeddah.
Donald Trump’s company struck many real estate licensing deals overseas before he entered the White House in 2017, including for hotels and residential towers in Canada, Dubai, Mexico, India and Turkey.
Mr Trump’s close ties to Saudi Arabia’s crown prince and day-to-day ruler, Mohammed bin Salman, drew heavy criticism after the 2018 killing of Jamal Khashoggi, a Saudi columnist for the Washington Post who had written critically about the monarchy.
Dar Global is the international arm of Dar Al Arkan, a large Saudi developer.
It says it has 7.5 billion dollars worth of projects under development in the United Arab Emirates, Oman, Qatar, the United Kingdom, Spain and Saudi Arabia.
Dar Global said Trump Plaza Jeddah will transform the city’s skyline into a world-class community that will include premium residences, serviced apartments, Grade-A office space, and exclusive townhouses.
Designed to redefine urban living in Saudi Arabia, the development will integrate living, working, and leisure into one seamless destination, the statement said.
“This project embodies our vision of excellence by blending world-class hospitality, modern living, and dynamic business environments,” Dar Global’s statement quoted Eric Trump, executive vice president of The Trump Organisation, as saying.
“Together with Dar Global, we are creating a destination that will set a new benchmark for prestige and innovation in the kingdom,” he said.
