The Trump Organization signed a new deal to build a luxury residential tower in Jeddah, Saudi Arabia, deepening the former US president’s business interests in the oil-rich Gulf region ahead of the 2024 US elections.
The deal will see the Trump Organization expand its business ties with Dar Global in Saudi Arabia, with the real estate developer using the Trump name and brand on a new luxury high-rise tower.
Eric Trump, one of the former president’s sons and executive vice president of the Trump Organization, said, “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.”
Dar Global is listed on the London Stock Exchange and manages a luxury property portfolio valued at roughly $5.9bn across the UAE, Oman, Qatar, the UK, Spain, and Bosnia.
