Dar Global, the international real estate developer, has announced its second major collaboration with The Trump Organization in Saudi Arabia. The new project, a mixed-use development in Jeddah valued at over $1 billion, aims to introduce a new standard of luxury living and commercial space in the city.
Named Trump Plaza Jeddah, the development will feature a combination of luxury residences, townhomes, serviced apartments, and modern office facilities. This announcement marks a continued expansion of the partnership between the two companies in the Kingdom.
Key Takeaways
- Project Name: Trump Plaza Jeddah, a mixed-use development.
- Valuation: The project is valued at over $1 billion.
- Location: Jeddah, Saudi Arabia.
- Partnership: This is the second collaboration between Dar Global and The Trump Organization in the country.
- Features: Includes luxury residences, townhomes, serviced apartments, office space, and a large central green space.
Details of the Trump Plaza Jeddah Development
The newly announced Trump Plaza Jeddah is designed to be a comprehensive urban hub. According to the development plans, the project will cater to a variety of needs by integrating high-end residential living with premium commercial real estate. The residential component will consist of luxury apartments, exclusive townhomes, and fully serviced apartments, offering different lifestyle options for future residents.
A significant feature of the project is its architectural focus on green space. The companies have stated the development will include a “Central Park-inspired green spine.” This landscaped park is planned to run through the entire length of the development, acting as a central anchor for the residential and commercial buildings. The goal is to create an open, natural environment within the urban setting, drawing inspiration from the iconic layout of Manhattan.
In addition to the residential units, Trump Plaza Jeddah will incorporate modern office spaces. This mixed-use approach is common in large-scale urban developments, aiming to create a self-contained community where people can live, work, and access amenities in one location.
What is a 'Green Spine' in Urban Planning?
A 'green spine' refers to a continuous corridor of open, landscaped space that runs through a development or city. It often includes parks, pedestrian walkways, and recreational areas. The purpose is to improve air quality, provide recreational opportunities, and enhance the overall quality of life for residents by integrating nature into the built environment.
Expanding a Strategic Partnership in the Kingdom
This project is not the first joint venture for Dar Global and The Trump Organization in Saudi Arabia. The collaboration began with the launch of Trump Tower Jeddah in December 2024, a residential tower that also aimed at the luxury market. The announcement of Trump Plaza Jeddah less than a year later signals a deepening of their business relationship and a shared confidence in the Saudi real estate market.
The expansion reflects a strategic focus on high-growth markets in the Middle East. For The Trump Organization, it represents a continued effort to license its brand for international luxury properties. For Dar Global, it leverages a globally recognized name to attract international interest and investment to its large-scale projects.
“We are honored to expand our footprint in Saudi Arabia with the Trump Plaza Jeddah. This project embodies our vision of excellence by blending world-class hospitality, modern living, and dynamic business environments. Together with Dar Global, we are creating a destination that will set a new benchmark for prestige and innovation in the Kingdom.”
Eric Trump, Executive Vice President, The Trump Organization
In his statement, Eric Trump emphasized the project's goal to set a “new benchmark for prestige and innovation.” This highlights the partners' ambition to create a landmark development that stands out in a competitive and rapidly evolving market.
The Developers Behind the Billion-Dollar Project
Understanding the companies involved provides context for the scale and ambition of Trump Plaza Jeddah. Dar Global is the international development arm of Dar Al Arkan, which is one of the largest and most established real estate developers in Saudi Arabia. Dar Al Arkan has a long history of delivering major residential and commercial projects across the Kingdom.
By establishing Dar Global, the parent company aimed to expand its operations beyond Saudi Arabia, developing luxury properties in key international locations. This strategy involves partnering with global luxury brands, such as The Trump Organization, to enhance the profile and appeal of its international projects.
About Dar Al Arkan
- Founded in 1994, Dar Al Arkan is a publicly listed company on the Saudi Stock Exchange (Tadawul).
- It has a portfolio of developed projects worth billions of dollars across Saudi Arabia.
- The company focuses on master-planned communities, commercial developments, and residential properties.
The Trump Organization is a U.S.-based conglomerate with a significant global presence in real estate, hospitality, and brand licensing. The company's business model often involves licensing the Trump name and providing management services for properties developed by local partners. This approach allows it to expand its brand presence globally without taking on the full financial risk of development.
Jeddah's Role in Saudi Arabia's Economic Vision
The choice of Jeddah for a project of this magnitude is strategic. Jeddah is Saudi Arabia's second-largest city and a major commercial hub and port on the Red Sea. It is often referred to as the gateway to the holy cities of Mecca and Medina, giving it significant cultural and economic importance.
The development of luxury real estate aligns with the broader goals of Saudi Vision 2030, a national transformation plan aimed at diversifying the country's economy away from oil. Key pillars of this vision include developing the tourism, leisure, and real estate sectors to attract foreign investment and create new economic opportunities.
Large-scale projects like Trump Plaza Jeddah contribute to this vision by:
- Attracting Foreign Capital: High-profile, branded developments can attract international investors and residents.
- Enhancing Urban Infrastructure: Such projects often lead to improvements in local infrastructure and amenities.
- Boosting the Tourism and Hospitality Sectors: Luxury residences and serviced apartments cater to affluent tourists and business travelers.
As Saudi Arabia continues to open its economy and invest in non-oil sectors, the demand for high-quality residential and commercial real estate is expected to grow. The partnership between Dar Global and The Trump Organization is positioned to capitalize on this trend, with Jeddah serving as a key market for their expansion plans.
