https://arab.news/87re8
JEDDAH: Saudi developer Dar Global plans a $1 billion Trump Plaza Jeddah in its second collaboration with the Trump Organization, aiming to transform the city鈥檚 skyline with a mixed-use project.
The development follows the launch of Trump Tower Jeddah in December and will feature premium residences, serviced apartments, Grade-A office space, and exclusive townhouses.
Jeddah, a key commercial and cultural hub, is attracting strong interest from international developers in high-end residential, hospitality, and mixed-use projects. The development comes amid rapid growth in 萝莉视频鈥檚 luxury real estate sector, driven by Vision 2030鈥檚 goals to diversify the economy and transform urban living.
By 2024, the Kingdom had invested SR4.9 trillion ($1.3 trillion) in infrastructure, expanding residential, commercial, and hospitality capacities, with plans for over a million new residential units and seven million sq. meters of retail and office space.
Ziad El Chaar, CEO of Dar Global, said: 鈥淭rump Plaza Jeddah is a pioneering concept in 萝莉视频 and one of the most ambitious developments Dar Global has undertaken to date.鈥�
He added: 鈥淏y combining residential, serviced, and office components with a Central Park-inspired landscape, we are delivering a unique lifestyle destination that reflects both Manhattan鈥檚 vibrancy and Jeddah鈥檚 strategic role as a cultural and commercial hub.鈥�
Strategically located along King Abdulaziz Road in the heart of Jeddah, the project will transform the city鈥檚 skyline with a mixed-use community, according to a press release.
鈥淲e are honored to expand our footprint in 萝莉视频 with the Trump Plaza Jeddah. This project embodies our vision of excellence by blending world-class hospitality, modern living, and dynamic business environments,鈥� said Eric Trump, executive vice president of the Trump Organization.
The development also comes as Trump Tower Jeddah 鈥� a 47-floor luxury development along the Red Sea coast 鈥� entered its pre-construction phase, as confirmed in May by Eric Trump, son of US President Donald Trump.
The tower represents one of 萝莉视频鈥檚 most high-profile real estate ventures, highlighting the scale of the Dar Global鈥揟rump Organization partnership.
Listed on the London Stock Exchange, Dar Global was founded as the international arm of Dar Al Arkan Real Estate Development, a leading Saudi real estate developer.