The Trump Tower astatine 5th Ave, Midtown, NYC. Credit: Ajay Suresh, CC 2.0/WikipediaReal property elephantine Dar Global said it plans to grow successful the U.S. and Greece aft the Dubai-based developer precocious unveiled projects successful concern with the Trump Organization, Reuters reported earlier successful the week.
The planetary arm of Saudi Arabia’s Dar Al Arkan Real Estate Development Company said successful a connection it plans to put successful “key planetary cities” successful the U.S. and unspecified locations successful Greece.
It said it aims to spouse with top-tier developers to make luxury residences, targeting some U.S. and planetary buyers. It did not supply further details.
Greece, Dar Global and the Trump Organization
Reuters reports that Dar Global has agreed connected a fig of deals with The Trump Organization, the institution of U.S. President-elect Donald Trump. These see plans for Trump towers successful Jeddah and Dubai, and a existent property task successful Oman.
Trump Organization enforcement vice president Eric Trump past period told Reuters the steadfast was readying 2 much projects with Dar Global successful Saudi Arabia, including a operation successful Riyadh, and was readying further enlargement successful Abu Dhabi, successful neighboring UAE.
Donald Trump fostered adjacent ties with Gulf states during his archetypal word arsenic president, including Saudi Arabia, which has invested $2 cardinal successful a steadfast belonging to his son-in-law and erstwhile adjutant Jared Kushner, incorporated after Trump near bureau successful 2020. Other adjacent Trump allies person besides maintained adjacent concern ties successful the Gulf since helium near bureau successful 2021, the quality bureau says.
The Trump Organization is simply a conglomerate of existent property businesses and holdings chiefly owned by the President-elect and his family. It is progressive successful assorted sectors, including commercialized and residential existent estate, hospitality, and entertainment. The enactment operates a scope of assets specified arsenic hotels, play courses, bureau buildings, and residential properties.
Dar Global is simply a salient existent property improvement and concern institution that chiefly operates successful the Middle East and North Africa (MENA) region, with a absorption connected creating luxury residential and commercialized properties. The institution is portion of the larger Dar Al Arkan group, 1 of the starring existent property developers successful Saudi Arabia.
One of the astir notable collaborations betwixt Dar Global (through its genitor institution Dar Al Arkan) and the Trump Organization was the improvement of Trump Estates, a luxury residential task successful Dubai. The task was portion of the larger Trump World Golf Club development, which featured luxury villas and a title play course.
As portion of the deal, the Trump Organization was progressive successful the plan and branding of a play course, which was cardinal to the luxury residential development. The play people was designed to connection an upscale surviving experience, with a absorption connected attracting planetary investors and residents.
This collaboration betwixt Dar Global and the Trump Organization exemplified a concern wherever Dar Global handled the existent property improvement and construction, portion the Trump Organization provided branding and its expertise successful high-end luxury existent estate.
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