Dar Global and Trump Organization unveil $10 billion Saudi developments

Dar Global announced plans to develop two Trump-branded luxury complexes in Saudi Arabia with a combined value of about $10 billion, aiming to capitalize on recent property ownership reforms and the kingdom’s push to expand premium tourism and real estate. The initiative was unveiled on January 11, 2026, by Dar Global CEO Ziad El Chaar and involves the Trump Organization as the branding and licensing partner, represented by executive vice president Eric Trump.

The Riyadh component sits inside the Rayana masterplan at Diriyah’s Wadi Safar on the city’s western edge. Materials from the developer identify a flagship Trump International Wadi Safar project and accompanying Trump National Golf Course and Trump International Hotel within the development footprint. The Diriyah location is a high-profile, historical development area that Riyadh has prioritized for premium residential and cultural tourism projects under broader economic diversification efforts.

In Jeddah, the scheme will be called Trump Plaza Jeddah and is planned along King Abdulaziz Road in the city center. Dar Global describes the Jeddah masterplan as a world-class mixed-use community featuring premium residences, serviced apartments, Grade-A office space and exclusive townhouses anchored by a Central Park–inspired landscaped green spine running the length of the site. The Jeddah element is characterized in company materials as a roughly $1 billion-plus project; the combined valuation of the two projects is cited at approximately $10 billion. Eric Trump said the developments are expected to reach completion over the next four to five years.

Dar Global is the international arm of Dar Al Arkan and is listed on the London Stock Exchange (LSE: DAR). Company statements note approximately $7.5 billion of projects under development across the United Arab Emirates, Oman, Qatar, the United Kingdom, Spain and Saudi Arabia. The Trump Organization’s role in these deals is primarily licensing the Trump brand; the partnership follows an earlier Trump-branded launch in the kingdom with Trump Tower Jeddah in December 2024.

The timing of the announcement underscores the developers’ intent to tap a shifting policy landscape. Saudi Arabia plans to allow foreigners to own property in designated areas starting this month, a move designed to boost direct foreign investment and expand the market for high-end residential and hospitality offerings. For developers and investors, the projects promise a pipeline of construction activity, high-margin sales to wealthy buyers, and opportunities for international capital to enter Saudi real estate markets.

Yet significant questions remain. Project ballpark values have been disclosed, but the precise split between the Riyadh and Jeddah components, the exact land parcels and site footprints, and the financing and construction contracts have not been published. Formal planning approvals and permitting timetables will determine how quickly construction can proceed, and the identity of lenders or co-investors will shape the deals’ financial profiles.

The launches also revive political and reputational considerations tied to Trump Organization overseas licensing arrangements and the kingdom’s geopolitical controversies, which could affect marketing and investor sentiment. For now, the developments add scale to Saudi Arabia’s premium real estate pipeline and offer a high-profile test of whether reforms to open property ownership will draw sustained foreign capital into the kingdom’s non-oil economy.