Trump Firm Plans More Towers in Booming Saudi Property Market
- Two new developments planned for capital city of Riyadh
- Saudi Arabia is rapidly building luxury resorts and homes
This article is for subscribers only.
The Trump Organization and luxury developer Dar Global Plc plan to build two new luxury projects in Saudi Arabia in a bid to capitalize on the kingdom’s rapidly growing real estate market.
The developments will be based in the capital city of Riyadh, the companies said in a statement on Monday, without giving details on the projects or expected timelines. Trump and London-listed Dar Global are working together on several projects in the Middle East and are set to formally launch another Trump Tower this week in Jeddah, Saudi Arabia’s second largest city.