Dar Global Company has announced a partnership with the Trump Organization to launch a prestigious tower project in Jeddah called “Trump Tower Jeddah”, Invest-Gate reports.
Dar Global, the international division of Saudi Arabia’s Dar Al Arkan Real Estate Development Company, aims to attract international investors and tourists to the luxury real estate market in Saudi Arabia through this collaboration.
The new project seeks to emphasize Dar Global’s commitment to quality, sophistication, and the establishment of new standards of excellence. This venture marks Dar Global Real Estate’s debut in Jeddah, Kingdom of Saudi Arabia.
Ziad El Chaar, CEO of Dar Global, expressed his delight, stating, “We are thrilled to strengthen our ongoing relationship with The Trump Organization and expand our portfolio by delivering premium properties that redefine Saudi Arabia’s high-growth real estate market. This new agreement in Saudi Arabia will leverage the strengths of both organizations to attract more international investors and vacationers. This collaboration underscores our commitment to expanding our presence by elevating the standards of luxury living in the region.”
Eric Trump, Executive Vice President of The Trump Organization, shared his enthusiasm, saying, “We are excited to broaden our presence in the Middle East and introduce the Trump standard of luxury to the region through our long-standing partnership with Dar Global. This collaboration reflects our shared vision of creating iconic developments that epitomize luxury, quality, and sophistication. Together with Dar Global, we are setting new benchmarks for excellence, aiming to meet the demand for remarkable properties in key markets.”
Dar Global, a real estate developer listed on the London Stock Exchange, highlighted its portfolio of development projects valued at $5.9 bn in the UAE, Oman, Qatar, the UK, Spain, and Bosnia.
It is worth noting that in November 2022, Dar Al Arkan International signed an agreement with the Trump Organization to develop Trump residential villas, a hotel, and a golf course in the Aida project in the Sultanate of Oman.
