Trump Organization teams with Saudi developer for $10 billion projects

RIYADH –

Saudi real estate developer Dar Global is set to launch two high-profile Trump-branded luxury projects in Riyadh and Jeddah, with a combined value of $10 billion, as part of the kingdom’s broader efforts to attract foreign investment and diversify its economy under Vision 2030.

The announcement was made by Dar Global CEO Ziad El Chaar on Sunday. In Riyadh, the projects include the Trump National Golf Course and the Trump International Hotel, located in Diriyah, a sprawling development on the western edge of the Saudi capital. In Jeddah, Dar Global plans a mixed-use development named Trump Plaza, which will feature offices, residential units, and luxury amenities.

Eric Trump, executive vice president of the Trump Organization, said the projects would be completed over the next four to five years and are part of a long-running partnership between the Trump Organization and Dar Global, the international arm of Saudi developer Dar Al Arkan.

“The Gulf offers arguably the strongest real estate environment on Earth right now,” Eric Trump said. “We see enormous interest from both local and international investors as Saudi Arabia opens its market in unprecedented ways.”

The timing of the launch is strategic. Starting this month, new Saudi rules will allow foreigners to buy property in designated areas for the first time, including parts of Riyadh and Jeddah, with potential extensions to the holy cities of Mecca and Madinah. Regulators have also eased rules around the Saudi stock market and even alcohol consumption in certain areas, reflecting a wider push to make the country more attractive to foreign capital.

El Chaar highlighted that demand is expected to be strong both locally and internationally, with investors eager to participate in the kingdom’s newly liberalised real estate market. “People want to join from the beginning,” he said.

The Riyadh development, Trump International Golf Club Wadi Safar, is a gated community that will combine a Trump-branded hotel, a golf course, and premium residences. Meanwhile, Trump Plaza in Jeddah represents a $1 billion investment in mixed-use offices and housing, designed to attract both domestic and international buyers.

These projects form part of a wider series of collaborations in the Middle East. Dar Global and the Trump Organization are also developing properties in Oman and Qatar, as well as the Trump International Hotel & Tower in Dubai, which will feature the world’s highest swimming pool. Eric Trump hinted at plans for further expansion in Abu Dhabi.

The Trump Organization’s ongoing ventures in Saudi Arabia come amid concerns over potential conflicts of interest, as US President Donald Trump’s businesses continue to operate under a trust managed by his sons Eric and Donald Jr. Despite this, the firms emphasise the strategic importance of the partnership in light of Saudi Arabia’s economic reforms and Vision 2030 goals.

Saudi Arabia’s Crown Prince Mohammed bin Salman has made foreign investment a cornerstone of his economic diversification agenda, encouraging international developers to help transform the kingdom’s urban landscape and reduce reliance on oil revenues. The Trump projects are viewed as a high-profile endorsement of this policy shift, signalling confidence in the kingdom’s rapidly evolving real estate market.