Trump Organization announces deal for Saudi tower
The Peninsula
Riyadh: The Trump Organization on Monday announced a deal to partner with a Saudi developer on a high rise tower in the coastal city of Jeddah. Tru...
Riyadh: The Trump Organization on Monday announced a deal to partner with a Saudi developer on a high-rise tower in the coastal city of Jeddah.
Trump Tower Jeddah will target "the luxury Saudi Arabian market and international investors," real estate developer Dar Global said in a press release.
Dar Global is the international subsidiary of Saudi developer Dar Al Arkan.
Former President Donald Trump entrusted the management of his real estate empire to his sons after taking office in 2017, although he held onto his shares in the Trump Organization.
Trump, the presumptive Republican nominee in this year's presidential election, cultivated close ties with Riyadh during his term, choosing the Gulf kingdom for his first foreign trip.