ALBAWABA – The Trump Organization, the American privately owned company by Donald Trump that serves as the holding company for all of Trump's business ventures and investments, and DarGlobal, the real estate developer headquartered in Dubai and is a publicly listed company in the London stock exchange, announced building a new tower in Riyadh, Saudi Arabia under the name of Donald Trump.
Trump tower in Saudi Arabia
Eric Trump, the son of US President-elect Donald Trump, stated that the Trump Organization plans to build a Trump tower in Riyadh Saudi Arabia, according to Reuters.
The company aims to expand its real estate development projects in the Gulf, including Riyadh, Saudi Arabia, and Abu Dhabi, United Arab Emirates.
"What I'll tell you is one of them will definitely be a tower. We'll probably be in Abu Dhabi in the next year or so,” Eirc Trump said in an interview.
El Chaar noted that the Trump tower in Jeddah is worth approximately $530 million, while the Trump golf complex in Oman, is worth about $2.66 billion. (Shutterstock)
Ziad El Chaar, CEO of DarGlobal, said: “We're hoping to do one tower and one golf community.” El Chaar also confirmed that the new tower in Riyadh will be named after Donald Trump.
It is worth noting that DarGlobal previously signed an agreement with the Trump organization to build Trump towers in Jeddah, Saudi Arabia; Dubai, United Arab Emirates; and Oman.
El Chaar noted that the Trump tower in Jeddah is worth approximately $530 million, while the Trump golf complex in Oman, is worth about $2.66 billion.
