Dar Global to build Trump hotel and golf course in Riyadh

• Combined value of $10bn
• Located in Wadi Safar, part of Diriyah giga-project
• No construction timeline announced

Saudi Arabia’s largest listed developer has announced an agreement to build two Trump-branded projects in Riyadh with a combined value of $10 billion.

Dar Al Arkan and its London-listed subsidiary DarGlobal plan to construct a Trump International Golf Club along with a Trump International Hotel in the Saudi capital in collaboration with the Trump Organization, a US conglomerate owned by President Donald Trump and operated by his children.

The development, named Rayana, will be in Wadi Safar, part of the giga-project of Diriyah on the western edge of Riyadh. It is the Trump Organization’s first venture in the capital.

According to promotional material, the 2.6-million-square-metre site will include an 18-hole golf course and Trump Mansions branded residences within a gated community.

No construction timeline has yet been announced. 

Diriyah eventually hopes to house 100,000 people and has issued $27 billion of contracts to date. In November, a senior executive told AGBI that the project was looking to increase partnerships with private developers and investors.

Further reading:

• Saudi Arabia’s Dar Global launches Trump-branded Maldives resort
• Turkish developers target Saudi real estate market
• Trump in the Gulf: There’s substance behind the hype

Rayana is the Trump Organization’s latest Gulf foray in the last two years. Separately, it has partnered with Dar Global to build a 350-metre-tall Trump Tower in Dubai, which they say will feature the highest swimming pool in the world, as well as a 47-storey Trump Tower and a $1 billion Trump Plaza in Jeddah.

The Trump Organization and Dar Global have also announced plans to build “the world’s first tokenised hotel development” in the Maldives.