Dar Global and Trump Organization Announce $1 Billion Trump Plaza Jeddah Project

Saudi developer Dar Global has unveiled plans for Trump Plaza Jeddah, a $1 billion mixed-use development that marks its second collaboration with The Trump Organization. The project, announced on Monday, is set to redefine the skyline of Jeddah, one of Saudi Arabia’s most dynamic cultural and commercial hubs.

The announcement follows the December launch of Trump Tower Jeddah, a 47-floor luxury tower along the Red Sea coast currently in its pre-construction phase. Together, the developments underscore the growing partnership between Dar Global and The Trump Organization and highlight Saudi Arabia’s expanding luxury real estate market.

Trump Plaza Jeddah will feature a combination of premium residences, serviced apartments, Grade-A office space, and exclusive townhouses. According to Dar Global, the project’s design will integrate modern living with a Central Park-inspired landscape, offering residents and businesses a unique lifestyle destination.

“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 world-class landscaping, we are delivering a development that captures Manhattan’s vibrancy while reflecting Jeddah’s strategic role as a cultural and commercial hub.”

Located along King Abdulaziz Road in central Jeddah, the project will serve as a landmark mixed-use community. Eric Trump, executive vice president of The Trump Organization, said the partnership reflects a shared vision to bring premium living and business experiences to the Kingdom.

“We are honored to expand our footprint in Saudi Arabia with Trump Plaza Jeddah,” he said. “This project embodies our vision of excellence by blending world-class hospitality, modern living, and dynamic business environments.”

The new development comes amid Saudi Arabia’s real estate transformation under Vision 2030, which aims to diversify the economy beyond oil and expand urban living options. By 2024, the Kingdom had already invested SR4.9 trillion ($1.3 trillion) in infrastructure projects, including plans for more than a million new residential units and seven million square meters of retail and office space.

Jeddah, often regarded as the gateway to Mecca and a major Red Sea port, has been attracting international attention from developers seeking to capitalize on the city’s growing demand for high-end residential and hospitality projects.

Dar Global, listed on the London Stock Exchange, was established as the international arm of Dar Al Arkan Real Estate Development, one of Saudi Arabia’s leading property developers. Its latest ventures with The Trump Organization highlight the increasing globalization of the Kingdom’s luxury property sector.

With Trump Plaza Jeddah now confirmed, industry analysts say the city is poised to become a focal point for large-scale, internationally branded real estate ventures that align with the broader ambitions of Vision 2030.