The Trump Organization builds skyscrapers in Dubai and Jeddah
The Trump Organization has signed an agreement with Saudi Arabia's Dar Global construction company to build a skyscraper in Dubai (UAE). This building, called Trump Tower Dubai, will also include a Trump hotel and residential complex.
On Thursday, The Trump Organization announced a partnership agreement with Saudi Arabia's Dar Global construction company to build a high-rise building in Dubai, considered the business center of the UAE.
According to Dar Global, Trump Tower Dubai will target "Dubai's high-end (elite) market." Its location and design will be known by the end of the year.
According to Dar Global, an international subsidiary of Dar Al Arkan construction company, the skyscraper will include a Trump hotel and residential complexes.
The Dubai development comes two weeks after Dar Global announced another deal with The Trump Organization to build a high-rise tower in the Saudi coastal city of Jeddah.
Former US President Donald Trump entrusted the management of his real estate empire to his sons after taking office in 2017, but he retained his stake in The Trump Organization.
Trump, the Republican candidate in this year's presidential elections, has continued close ties with the Arab states of the Persian Gulf during his presidency and chose Saudi Arabia for his first foreign trip.
"We are proud to further expand our presence in the region with the launch of the iconic Trump Tower in Dubai," Eric Trump, executive vice president of the Trump Organization and son of the former president, said in a statement.
