From golf to skyscrapers: Trump Organization plans $10bn Saudi projects
Saudi developer Dar Global and the Trump Organization plan to develop two Trump-branded luxury projects in Riyadh and Jeddah with a combined value of $10 billion, Qazinform News Agency correspondent reports.
Dar Global CEO Ziad El Chaar said the projects include a Trump National Golf Course and a Trump International Hotel in Diriyah, a large-scale development area on the western edge of Riyadh. In Jeddah, the partners plan a mixed-use complex combining residential and office space under the name Trump Plaza.
The developments form part of Saudi Arabia’s Vision 2030 strategy, which aims to diversify the economy beyond oil and attract foreign investment. El Chaar noted that the projects align with broader efforts to increase international participation in the kingdom’s real estate sector.
Saudi authorities are also preparing to allow foreign nationals to own property in designated areas for the first time, a policy expected to take effect this month.
Eric Trump, executive vice president of the Trump Organization and son of U.S. President Donald Trump, said the projects are part of an ongoing partnership with Dar Global, the international arm of Dar Al Arkan. He added that construction is expected to be completed within four to five years.
Earlier, Qazinform News Agency reported that Tesla CEO Elon Musk introduced the Tesla Tiny House, an experimental energy-independent home designed to combine compact living, mobility and full sustainability.
