According to Reuters, the expansion comes as part of a growing partnership with Dubai-based luxury developer Dar Global, which will see new projects across the Gulf region, including developments in both Saudi Arabia and the United Arab Emirates.
Eric Trump, Executive Vice President of the Trump Organisation, confirmed the company’s ambitious plans for the region, highlighting the strategic importance of these developments.
“What I’ll tell you is one of them will definitely be a tower,” Mr Trump said.
The developments are expected to be similar in scale to existing projects, including the $530 million Trump Tower in Jeddah and a $2.66 billion Trump Golf community in Oman.
Dar Global CEO Ziad El Chaar said the Riyadh developments will include one tower and one golf community.
The Trump Organisation has maintained a careful approach to international expansion, particularly in sensitive regions.
Eric Trump said the company is committed to avoiding potential conflicts of interest.
The development plans come amid growing business ties between Gulf states and Trump-affiliated enterprises, including a US$2 billion Saudi investment in a firm belonging to Jared Kushner, Donald Trump’s son-in-law.
“I have no interaction with Washington, D.C. I want no interaction with Washington, D.C.,” Mr Trump said.
The Trump Organisation remains selective about its international partnerships, avoiding countries involved in active conflicts or facing potential U.S. trade restrictions.
Mr Trump said the company focuses on managing potential conflicts of interest.
“I think we are going to navigate that very smartly, very well, no different than we did in 2016,” Mr Trump said.
