Real estate developer Dar Global will launch the USD 1 bn mixed-use Trump Plaza Jeddah, marking the second collaboration with the Trump Organization, it said in a press release yesterday. The luxury development spans 28k sqm and will include apartments, townhouses, offices, a retail courtyard, and serviced units. No timeline was announced for the project.

Part of a master plan: The Plaza will be the centerpiece of Dar Al Arkan’s Manhattan masterplan on King Abdulaziz Road in central Jeddah, on a 1 mn sqm land, with the largest land transaction ever recorded in the city, chairman and co-founder Yousef Al Shelash told Aleqtisadiah. The masterplan — yet to be launched — features four districts connected by a walkable green spine inspired by New York’s Central Park and is designed as a mixed-use community, with residential, commercial, and retail districts.

The new project builds on the success of the Trump Tower in Jeddah — unveiled lastDecember — featuring a 47-floor, 350-unit tower valued at SAR 2 bn (USD 532 mn) and scheduled for completion by December 2029. Dar Global is in the “final stages” of awarding the main construction contract, with preliminary enabling works are already underway by Jeddah-based Specialized Italian Foundation Company, under a contract awarded in February.

Dar Global has been busy lately: The real estate developer is rolling out USD 4.8 bn in new community projects in Riyadh and Jeddah via a joint development agreement with Dar Al Arkan, lifting its total gross development value to USD 12.5 bn. It also snapped up land plots in both cities for USD 390 mn in March. The company’s expansion follows joint projects with the Trump Organization, including Trump Towers in Jeddah and Dubai, as well as a 3.5 mn sqm hotel project in Oman.

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