The Trump Organization has struck a deal with a Saudi real estate company to build a Trump Tower residential building in the city of Jeddah, the company announced on Monday.
As part of its recent expansion in the Middle East, the Trump Organization is teaming up with Dar Global, a subsidiary of the mega-real estate developer Dal Al Arkan, to create a luxury property targeted toward “Saudi Arabia’s high-growth real estate market.”
“We are thrilled to expand our footprint in the Middle East and bring the Trump standard of luxury to the region through our long-standing relationship with Dar Global,” Eric Trump, co-executive vice president of the Trump Organization, said in a statement.
The project comes shortly after the Trump Organization collaborated on $500m, multi-million dollar Trump Residences in Oman and one of the Trump golf courses agreed to host the LIV championship, which the Saudi Public Investment Fund finances.
