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.