The Red Sea city of Jeddah in Saudi Arabia is about to get a Manhattan-sized makeover, complete with a Central Park-inspired green spine and a price tag that would make even seasoned developers blink twice.
The Trump Organization has partnered with Dar Global, a London-listed subsidiary of Saudi developer Dar Al Arkan, to develop a sprawling mixed-use community in the coastal city. The announcement marks the second collaboration between the two companies in Jeddah, following December’s Trump Tower launch. This latest venture positions itself as a game-changer for Saudi Arabia’s evolving real estate landscape, valued at over $1 billion and strategically situated along King Abdulaziz Road in the heart of the city.
The Trump Money Machine
The development promises to transform urban living in the kingdom by blending residential luxury with commercial sophistication.
According to a press release, Trump Plaza Jeddah will feature premium residences, serviced apartments, grade-A office space, and exclusive townhouses.
At its core lies a Central Park-inspired green spine, a landscaped corridor running the length of the development that aims to bring a slice of Manhattan’s iconic aesthetic to the Red Sea coast. The ambitious design seeks to redefine what mixed-use communities can achieve in the region, creating a destination where living, working, and leisure converge seamlessly.
“We are honored to expand our footprint in Saudi Arabia with the Trump Plaza Jeddah,” said Eric Trump, Executive Vice President of The Trump Organization. “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.”
The excitement extends to the developer’s side as well.
“Trump Plaza Jeddah is a pioneering concept in Saudi Arabia and one of the most ambitious developments Dar Global has undertaken to date,” said Ziad El Chaar, CEO of Dar Global. “By combining residential, serviced, and office components with a Central Park-inspired landscape, we are delivering a unique lifestyle destination that reflects both Manhattan’s vibrancy and Jeddah’s strategic role as a cultural and commercial hub.”
The project represents continuity in a broader pattern of Trump Organization deals across the Middle East since the president’s reelection. The company has secured licensing agreements for Trump-branded towers in Doha, Dubai, and Riyadh, building on a portfolio of overseas real estate ventures that predates the first White House term.
Before 2017, according to The Associated Press, the organization had already established hotels and residential towers in Canada, Mexico, India, Turkey, and various other international markets, demonstrating a long-standing commitment to international expansion.
Dar Global operates as the international arm of Dar Al Arkan, managing approximately $7.5 billion worth of projects under development across multiple countries.
The company maintains active developments in the United Arab Emirates, Oman, Qatar, the United Kingdom, Spain, and Saudi Arabia, positioning itself as a significant player in luxury real estate across diverse markets.
The Trump family’s business ventures have cashed in since President Trump’s second-term January inauguration. Beyond real estate licensing deals, the family empire has expanded into diverse revenue streams amid complaints of the Trump family getting wealthy off the presidency.
The president’s cryptocurrency venture generated billions in holdings with substantial transaction fees, while controversial branded merchandise, including fragrances, sneakers, and other products, brought in hundreds of millions in revenue throughout 2024.
Even 18-year-old Kai Trump, the president’s granddaughter, is taking advantage of the Trump money flow. She launched her own clothing line in September, using her social media influence and family connections to build her brand while securing a lucrative endorsement deal with TaylorMade golf. She has also been posting photos from the White House dressed in her gear.
