The Trump organization has announced it will build a luxury Trump Tower in Saudi Arabia.
The new tower will be built in Jeddah and developed by Dar Global.
Eric Trump, the Executive Vice President of the Trump Organization, shared, “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.”
The project is expected to be completed by December 2028.
Trump foundation signed an agreement today in the Saudi 🇸🇦 coastal city of Jeddah to build a new Trump Tower in town. pic.twitter.com/vM60nwbBr9
— عبدالعزيز المقبل (@AzizSapphire) July 1, 2024
#DarGlobal and The @Trump Organization announce Trump Tower Jeddah. We are excited to strengthen our relationship with The Trump Organization and expand our portfolio in Saudi Arabia’s real estate market. @EricTrump @DonaldJTrumpJr pic.twitter.com/78Ey1sZpPN
— DarGlobal (@dar_global) July 1, 2024
Here’s what CNN reported:
The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia.
ADVERTISEMENTThe new tower will be built in Jeddah and developed in tandem with Dar Global, the international arm of Saudi mega-developer Dar Al Arkan.
If completed, it appears the Jeddah tower would be the Trump Organization’s first major project in Saudi Arabia.
“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, executive vice president of the Trump Organization and son of former president Donald Trump, said in the announcement.
Dar Global said the project will target the “luxury Saudi Arabian market and international investors.”
Donald Trump To Build 'Trump Tower' In Saudi Arabia | Sahara Reporters https://t.co/7I21wOSikB pic.twitter.com/mvvWsP43KE
— Sahara Reporters (@SaharaReporters) July 2, 2024
Per The Hill:
The Trump Organization will construct a Trump Tower building in Jeddah, Saudi Arabia, the company announced Monday.
In partnership with a Saudi-owned developer, the Trump Organization effort expands its influence into the Middle East and comes after the Saudi government invested $2 billion with former President Trump’s son-in-law, Jared Kushner.
The building would be the Trump Organization’s first development in Saudi Arabia.
“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, the former president’s son and executive vice president of the company, said in a statement. “This collaboration embodies our shared vision of creating landmark developments that exude luxury, quality, and sophistication.”
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