Jeddah will be home to the first Trump Tower in Saudi: Dar Global, the international arm of one the Kingdom’s largest listed real estate developers, Dar Al Arkan, signed an agreement with the Trump Organization to build a Trump Tower in Jeddah, according to a statement (pdf). It would be Dar Global’s debut project in Jeddah, according to the statement, as the luxury real estate venture looks to expand its offerings across the Kingdom.

BACKGROUND- This is the Trump Organization’s second venture in the region with Dar, with the announcement of the project coming days after the two unveiled a USD 500 mn Trump International hotel project in Oman.

Who’s doing what: Dar will build and market the tower, to which the Trump organization is lending its name. The facility will also include a Trump-branded golf course.

By the numbers: Neither the Trump Organization nor Dar Global made public the financial details of the Jeddah project. Dar Global partners with high-profile brands including Missoni, Trump, and Lamborghini.

Dar Global’s shares on the London Stock Exchange are tightly held and did not trade yesterday, LSE market date shows.

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