Dar Global (DARD.L) said on Tuesday it plans to expand in the US 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 (4300.SE), the statement said, plans to invest in “key international cities” in the US, reported by Reuters.
Dar Global signs deal with The Trump Organization
Dar Global said it is looking to partner with leading developers to create luxury residences targeting both US and international buyers. No further details were provided. Dar Global has struck a series of deals with The Trump Organization, the company of US President-elect Donald Trump.
These include plans to build Trump Towers in Jeddah and Dubai, as well as a real estate project in Oman. Trump Organization Executive Vice President Eric Trump told Reuters last month that the company is planning two more projects with Dar Global in Saudi Arabia, including a tower in Riyadh, and is planning further expansion in Abu Dhabi, UAE.
Trump Organization Plans Further Expansion in UAE
Donald Trump has maintained close ties with Gulf countries during his first term as president, including Saudi Arabia, which invested $2 billion in a company owned by his son-in-law and former aide Jared Kushner, which was incorporated after Trump left office. Other close Trump allies have also maintained close business ties in the Gulf since he left office in 2021.