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Dar Global plans US, Greece projects after Trump Organization deals
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Dar Global plans US, Greece projects after Trump Organization deals
Jan 7, 2025 1:03 AM

DUBAI, Jan 7 (Reuters) - Dar Global said on

Tuesday it plans to expand in the U.S. and Greece, after the

Dubai-based developer recently unveiled projects in partnership

with the Trump Organization.

The international arm of Saudi Arabia's Dar Al Arkan Real

Estate Development Company said in a statement it

plans to invest in "key international cities" in the U.S.

It said it aims to partner with top-tier developers to

create luxury residences, targeting both U.S. and international

buyers. It did not provide further details.

Dar Global has agreed a number of deals with The Trump

Organization, the company of U.S. President-elect Donald Trump.

These include plans for Trump towers in Jeddah and Dubai, and a

real estate project in Oman.

Trump Organization executive vice president Eric Trump last

month told Reuters the firm was planning two more projects with

Dar Global in Saudi Arabia, including a tower in Riyadh, and was

planning further expansion in Abu Dhabi, in neighbouring UAE.

Donald Trump fostered close ties with Gulf states during his

first term as president, including Saudi Arabia, which has

invested $2 billion in a firm belonging to his son-in-law and

former aide Jared Kushner, incorporated after Trump left office.

Other close Trump allies have also maintained close business

ties in the Gulf since he left office in 2021.

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