Trump Org today announced a new deal with Dar Global to develop a new Trump Tower project in Jeddah, Saudi Arabia.
Dar Global issued the following statement:
“Targeting the luxury Saudi Arabian market and international investors, this development significantly advances Dar Global’s growth strategy of capitalizing on opportunities across key cities in the Kingdom. As the international arm of the Saudi mega-developer Dar Al Arkan, this new project marks Dar Global’s debut in Jeddah, Saudi Arabia and will further strengthen its real estate offerings in the country.”
This deal follows a $2B investment the Saudi government made with Jared Kushner’s investment fund, and a deal with to develop a Trump International Oman resort, where the brothers toured the site of imminent construction over the weekend.
The Saudis have already established extensive business ties with the Trump family since they left with White House. In addition to the new projects in the Middle East and the money to Kushner, Trump also had a deal with the Saudi-owned LIV golf league where he hosts several tournaments annually at his courses.
Trump today announced a new deal with the Saudis. t.co/fEtgQ0qNeo
— MeidasTouch (@MeidasTouch) July 2, 2024
AC