★ Private Action
Dar Global and Trump Org launch $533M Trump Tower Jeddah
Gulf Money, U.S. FavorsThe Family Business Abroad
Filed December 2024$533,000,000
★ The Brief
What happened
London-listed Saudi developer Dar Global and the Trump Organization unveiled the 47-floor residential tower on Jeddah's Corniche on December 16, 2024; Eric Trump appeared at the announcement, and the Trump family collects branding and management fees under the licensing deal.
Who enabled it
Who benefits
Deal or steal?
Dar Global is the international arm of a Saudi developer with royal-family ties; this is one of several Trump-branded projects the family is building with it across the Gulf, including a Qatari-government golf deal, with licensing fees flowing to the family while Trump holds office.
★ Cast your vote
On December 16, 2024, London-listed Saudi developer Dar Global and the Trump Organization jointly announced the launch of Trump Tower Jeddah, a SAR 2 billion (~USD 533 million) 47-floor luxury residential tower on Jeddah's Corniche. Dar Global CEO Ziad El Chaar and Trump Organization Executive Vice President Eric Trump appeared in the joint release. The Trump Organization receives branding and management fees on the project under its ongoing Dar Global licensing relationship; branding income accrues to the Trump family per the president's ongoing financial disclosures.
Further reading
- ★ Private ActionSeptember 2025Dar Global launches $1B Trump Plaza Jeddah, second Saudi collaboration
- ★ Private ActionMay 2025Trump International Hotel Dubai launches $1B 80-story project
- ★ Private ActionApril 2025Dar Global signs Qatar government deal for Trump-branded golf and villas
- ★ Government ActionMay 2026Trump's DOJ forever-bars IRS claims against Trump and family
- ★ Government ActionNovember 2025Trump and Lutnick cut a mining deal their sons stand to profit from
- ★ Private ActionApril 2025Serbia approves Trump-Kushner hotel on government-owned land