DUBAI, Sept 29 (Reuters) - Saudi real estate developer
Dar Global plans to build a $1 billion Trump Plaza
project in Saudi Arabia's Jeddah as U.S. President Donald
Trump's family business expands in the Gulf, the company said on
Monday.
The project will be the second Trump-branded development in
the kingdom after the launch of Trump Tower Jeddah last year,
Dar Global said in a statement.
The bulk of the Trump Organization's business is in the
United States, but it has significant interests overseas,
including in Saudi Arabia and the United Arab Emirates.
It has partnered with Dar Global, the international arm of Saudi
Arabia's Dar Al Arkan Real Estate Development Company,
on several projects, which include plans for Trump towers in
Dubai and Jeddah as well as a real estate project in Qatar.
The Jeddah Plaza project will include premium residences and
serviced apartments as well as office space and exclusive
townhouses, Dar Global said, adding it would also feature a
Central Park-inspired park running the length of the
development.
The developer did not provide more details on when the
project is expected to be delivered.