Saudi Arabia is set to welcome a new Trump Tower as the Trump Organization and Dar Global have announced plans to develop a residential project in Jeddah. The focus of these plans is to target the luxury Saudi market as well as international investors. Alongside the progress of Saudia Arabia’s Neom megacity, the kingdom is moving ahead with other luxury projects as well.
In Oman, the Trump Organization and Dar Global have also announced a similar deal for a $500 million Trump International hotel complex. Although developers have the license to use the Trump branding, the Trump International Oman project is not owned by the Trump Organization. The partnership between these two companies will result in the development of luxurious properties in both countries, appealing to high-end clientele.
Ziad El Chaar, CEO of Dar Global, expressed excitement about this agreement, stating that it will attract more international investors and vacationers to the region. He believes that this collaboration will elevate standards of luxury living in Saudi Arabia and set it apart from neighboring Dubai by initiating various luxury projects.
Saudia Arabia’s efforts to appeal to the luxury international market are evident through its ongoing development of resorts along the Red Sea. Sindalah, one of these island resorts geared towards luxury clientele, is expected to open by the end of this year. This new standard for luxury travel and living will undoubtedly attract more tourists from around the world who are looking for an exclusive getaway experience in Saudi Arabia.
While representatives for the Trump Organization and Dar Global have not made comments outside normal working hours, their partnership is poised to elevate standards of luxury living in Saudi Arabia and attract more investment opportunities in both countries.
Overall, this collaboration between two major players in real estate development is expected to bring significant economic benefits to both Saudi Arabia and Oman while setting a new standard for luxury living in these countries.
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