Trump Firm Expands in Saudi Arabia With $1 Billion Project

The Trump Organization has inked a deal to build a new commercial and housing development valued at over $1 billion in Saudi Arabia’s second largest city, another project for the US president’s family firm in the kingdom.

Dar Global Plc, the London-listed unit of a Saudi Arabian developer, has partnered with the Trump Organization on the development, the firms said in a statement. The project will include a “few hundred” homes along with around 200,000 square feet of Grade A office space on Jeddah’s main highway, Dar Global’s Chief Executive Ziad El Chaar said in a phone interview.