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DUBAI, United Arab Emirates (AP) — London real estate developer
Dar Global said Monday that it plans to launch a Trump Plaza in
the Red Sea city of Jeddah, its second collaboration with the
Trump Organization, the collection of companies controlled by
U.S. President Donald Trump’s children.
The $1 billion project will be the second Trump-branded
development in Saudi Arabia, following the launch of Trump Tower
Jeddah in December last year, Dar Global said. It will include
residences, serviced apartments, office space and townhouses.
Trump’s company struck many real estate licensing deals overseas
before he first entered the White House in 2017, including for
hotels and residential towers in Canada, Dubai, Mexico, India
and Turkey.
Trump’s close ties to Saudi Arabia’s crown prince and day-to-day
ruler, Mohammed bin Salman, drew heavy criticism after the 2018
killing of Jamal Khashoggi, a Saudi columnist for the Washington
Post who had written critically about the monarchy.
The first major foreign trip of Trump's second term was to Saudi
Arabia.
Dar Global is the international arm of Dar Al Arkan, a large
Saudi developer. It says it has $7.5 billion worth of projects
under development in the United Arab Emirates, Oman, Qatar, the
United Kingdom, Spain and Saudi Arabia.
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