RIYADH: A $1 billion Trump-branded mixed-use development has been launched in Jeddah, expanding Saudi Arabia’s pipeline of high-end real estate projects.
Dar Global, a London-listed luxury real estate developer majority-owned by Saudi developer Dar Al-Arkan, said the project marks its third collaboration with the Trump Organization in the Kingdom.
The development, called Trump Plaza Jeddah, will include executive and premium residences, home offices, retail outlets and curated dining offerings, the company said in a statement.
The launch follows the unveiling of Trump Tower Jeddah in December 2024 and comes as Saudi Arabia steps up efforts to attract private capital and foreign buyers into its real estate sector.
Eric Trump, executive vice president of the Trump Organization, said: “Expanding our presence in Saudi Arabia with Trump Plaza Jeddah underscores our commitment to world-class quality and iconic design.”
