arabianbusiness
Saudi Arabia based Dar Global has unveiled that it will partner with US based The Trump Organisation to build Trump tower in the Saudi Arabian city of Jeddah. This partnership is based on the experience of the Trump International Oman, the construction of which is part of the AIDA facilities, which is the largest global premium mixed-use real estate complex.
Specifically oriented at the luxury segment in Saudi Arabia and foreign investors, this development is a major step forward for Dar Global in achieving its objective to leverage strengths on key cities in the kingdom. This new project from Dar Global is its first venture in the Jeddah market while consolidating its position in Saudi Arabia’s real estate market. Dar Global, listed on the London Stock Exchange, currently has $5. 9 billion worth of projects under development in six countries:
Ziad El Chaar, CEO of Dar Global, expressed his enthusiasm for the new project: “It is our great pleasure to continue-operation cooperation with The Trump Organisation and expand our presence by providing high-quality properties to revitalize the high-growth Saudi Arabia real estate market It is promising new agreement of Saudi Arabia that shares strengths of both companies to attract more international investors and tourists This partnership confirms our desire to penetration deeper into the demand in expanding the company’s presence in the region by setting new, higher standards of the quality of the living space.
”Eric Trump, Executive Vice President of The Trump Organisation, echoed this sentiment: “We are indeed privileged to increase our presence in the Middle East and deliver the Trump standard of luxury here through our partnership with Dar Global,” stated Trump. “Partnering with Dar Global represents our commitment to creating luxurious icon developments of quality and style that will be benchmarked to meet the current market demand for classic infrastructure in key markets.
”This venture can contribute to the advancement of the Saudi real estate market by offering a combination of the best materials and unique design, targeting both domestic audiences and foreign customers, and providing the people with the opportunity to live in comfort at a premium level.
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