★ Private Action
Dar Global and Trump Org launch $533M Trump Tower Jeddah
Saudi-Trump NexusTrump Family Business Dealings
Filed December 2024$533,000,000
★ The Brief
What happened
London-listed Saudi developer Dar Global and the Trump Organization unveiled the 47-floor residential tower on Jeddah's Corniche on December 16, 2024; Eric Trump appeared at the announcement, and the Trump family collects branding and management fees under the licensing deal.
Who enabled it
Who benefits
Deal or steal?
Dar Global is the international arm of a Saudi developer with royal-family ties; this is one of several Trump-branded projects the family is building with it across the Gulf, including a Qatari-government golf deal, with licensing fees flowing to the family while Trump holds office.
On December 16, 2024, London-listed Saudi developer Dar Global and the Trump Organization jointly announced the launch of Trump Tower Jeddah, a SAR 2 billion (~USD 533 million) 47-floor luxury residential tower on Jeddah's Corniche. Dar Global CEO Ziad El Chaar and Trump Organization Executive Vice President Eric Trump appeared in the joint release. The Trump Organization receives branding and management fees on the project under its ongoing Dar Global licensing relationship; branding income accrues to the Trump family per the president's ongoing financial disclosures.
Actors
Who pushed it · 1Who initiated, paid, or pushed the action.
- Dar Global
London-listed international arm of Saudi developer Dar Al Arkan; launched Trump Tower Jeddah jointly with the Trump Organization in December 2024 and channels branding/management fees to the Trump family.
Dar Global has paid into Trump’s orbit:
Beneficiaries
Who gained · 3Who stood to gain.
Donald TrumpReceives personal financial benefit from Trump Organization licensing income per his ongoing financial disclosure reports.
Eric TrumpPresident of the Trump Organization; oversees the Dar Global licensing relationship under which Trump Tower Jeddah was launched.
Trump OrganizationReceives branding and management fees from the SAR 2 billion Jeddah tower under Trump-family licensing.
Further reading
- ★ Private ActionSeptember 2025Dar Global launches $1B Trump Plaza Jeddah, second Saudi collaboration
- ★ Private ActionMay 2025Trump International Hotel Dubai launches $1B 80-story project
- ★ Private ActionApril 2025Dar Global signs Qatar government deal for Trump-branded golf and villas
- ★ Government ActionMay 2026DOJ settles Trump IRS suit with $1.8B anti-weaponization fund
- ★ Private ActionMay 2025Trump hosts golf-club dinner for memecoin holders after $148M buy-in
- ★ Private ActionMay 2025Fr8Tech buys $20M in $TRUMP memecoin as trade advocacy