The project is situated within the Amaya development located along King Abdulaziz Road
Saudi Arabia-headquartered real estate developer Dar Global has launched the estimated $1bn Trump Plaza Jeddah project.
The London Stock Exchange-listed developer is co-developing the project in collaboration with US-based firm The Trump Organisation.
The project comprises a mixed-use development of apartments, townhouses, offices, retail, food and beverage offerings, and a 4,000-square-metre (sq m) club.
It will be located within the Amaya development along King Abdulaziz Road in Jeddah.
Further details about the project timelines and budget were not disclosed.
The announcement comes shortly after the launch of a mixed-use project in the Wadi Safar development in Diriyah, Riyadh.
The project comprises a residential community featuring a Trump-branded championship golf course, a Trump hotel and residences.
The project will cover 2.6 million sq m.
In November, Dar Global awarded a SR2bn ($532m) contract to Abu Dhabi-based Arabian Construction Company to build its Trump Tower Jeddah project.
In 2024, Dar Global said it would develop two new projects in Riyadh in collaboration with the Trump Organisation, according to MEED.
The announcement followed the partnership deal signed in September 2024 with Geneva-based jeweller Mouawad to develop a residential project in Riyadh.
The estimated SR880m ($234m) development will offer 200 residential villas and will be located in the north of Riyadh, close to the Expo 2030 site.
Dar Global was one of the first Saudi brands to list on the London Stock Exchange.
Dar Al-Arkan established Dar Global in 2017 to focus on developing projects in the Middle East and Europe, including in Dubai, Qatar, Oman, London and the Costa del Sol in southern Spain.
Dar Global has projects under development in six countries: the UAE, Oman, Qatar, Saudi Arabia, the UK and Spain.
It completed three developments – the Urban Oasis and Da Vinci towers in Dubai and the Sidra gated community in Bosnia – in 2023.
The company collaborates with global brands including Missoni, W Hotels, Versace, Elie Saab, Automobili Pagani and Automobili Lamborghini.
READ THE JANUARY 2026 MEED BUSINESS REVIEW – click here to view PDF
Saudi Arabia courts real estate investment; EVs and battery production are key regional tech themes; Muscat holds a steady growth course despite headwinds
Distributed to senior decision-makers in the region and around the world, the January 2026 edition of MEED Business Review includes:
> AGENDA: Saudi real estate to surge in 2026 > BATTERIES: Batteries shape the region's energy future > INTERVIEW: Tabreed finishes the year on a high > CONTRACTORS: Managing risk in the GCC construction market > ECONOMIC ACTIVITY INDEX: UAE and Qatar emerge as markets to watch > AIRSHOW: Top deals signed at Dubai Airshow 2025 > MARKET FOCUS: Oman steadies growth with strategic restraint |
To see previous issues of MEED Business Review, please click here
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