Saudi Arabia is set to welcome a new Trump Tower as the Trump Organization and Dar Global have announced plans to develop a residential project in Jeddah. The focus of these plans is to target the luxury Saudi market as well as international investors. Alongside the progress of Saudia Arabia’s Neom megacity, the kingdom is moving ahead with other luxury projects as well.
Dar Global, the international branch of Saudi developer Dar Al Arkan, unveiled a partnership with the Trump Organization to develop a residential development in Jeddah. This collaboration will result in the launch of a Trump Tower in the city, marking the Trump company’s first venture in Saudi Arabia. Ziad El Chaar, CEO of Dar Global, expressed excitement about the agreement, stating that it will attract more international investors and vacationers to the region.
In Oman, the Trump Organization and Dar Global have also announced a similar deal for a $500 million Trump International hotel complex. Although developers have the license to use the Trump branding, the Trump International Oman project is not owned by the Trump Organization. Saudi Arabia is making efforts to appeal to the luxury international market, setting itself apart from neighboring Dubai by initiating various luxury projects.
Among these projects is the development of resorts along the Red Sea, with Sindalah being one of the island resorts geared towards luxury clientele. Scheduled to open by the end of the year, Sindalah is expected to set a new standard for luxury travel and living. While representatives for the Trump Organization and Dar Global have not made comments outside normal working hours, the partnership is poised to elevate the standards of luxury living in Saudi Arabia.