Saudi real estate developer Dar Global plans to build a $1 billion Trump Plaza project in Saudi Arabia's Jeddah as US President Donald Trump's family business expands in the Gulf, the company said on Monday.
The project will be the second Trump-branded development in the kingdom after the launch of Trump Tower Jeddah last year, Dar Global said in a statement.
The bulk of the Trump Organisation's business is in the United States, but it has significant interests overseas, including in Saudi Arabia and the United Arab Emirates. It has partnered with Dar Global, the international arm of Saudi Arabia's Dar Al Arkan Real Estate Development Company, on several projects, which include plans for Trump towers in Dubai and Jeddah as well as a real estate project in Qatar.
The Jeddah Plaza project will include premium residences and serviced apartments as well as office space and exclusive townhouses, Dar Global said, adding it would also feature a Central Park-inspired park running the length of the development.
The developer did not provide more details on when the project is expected to be delivered.
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