**Trump Towers Over Saudi Real Estate: A New Skyscraper Takes Shape**
In a striking blend of American ambition and Middle Eastern wealth, Eric Trump recently unveiled plans for a stunning new development in Saudi Arabia: the Trump Tower Jedha. This luxurious skyscraper, thumbed up for its 47 stories, will grace the shores of the Red Sea, representing an eye-watering $530 million investment. As the Trump organization continues to expand its global footprint, this partnership with Saudi developer Dar Global is poised to add a shiny new jewel to the family’s portfolio.
Eric Trump, the son of former President Donald Trump and executive vice president of the Trump Organization, journeyed to the sun-drenched locale to make this announcement. The event was held in an opulent hotel ballroom, complete with a glimmering crystal chandelier that surely outshone the ambitions of the assembled crowd. With heartfelt thanks, Eric lauded Ysef Al Shalash, the chairman and co-founder of Dar Global’s parent company, Dar Al Aran. The relationship between the Trump family and Al Shalash has blossomed over the years, leading Eric to affectionately call him a “member of the Trump family.” It seems those bonds extend far beyond mere business.
This partnership has been thriving since its inception nearly a decade ago. Al Shalash, while maybe not as well-known stateside, has firmly positioned his company in the real estate spotlight. Over just the past three years, he has collaborated on at least six Trump-branded luxury projects across various Arabian locales, including Dubai, Oman, and Qatar. This business is not just about glitz and glam; it’s also about the dosh. Donald Trump himself disclosed a cool $7.85 million earned from a single licensing fee tied to a DAR Global project in Oman—a strong indicator of the financial fruitfulness awaiting both partners.
But what about Al Shalash himself? While his wealth of $900 million falls short of Trump’s estimated $5.5 billion fortune, he has made a name for himself in the Saudi financial landscape. Co-founding Dar Alarchan in 1994, Al Shalash helped guide the company to great heights, recording a hefty $215 million net profit against $1 billion in revenues for 2024 alone. This considerable revenue gain—up 32% from the prior year—comes primarily from land sales, establishing the firm as a powerhouse in residential development.
Interestingly, the ties between Al Shalash and the Trump family haven’t gone unnoticed in the market. Since the announcement of their collaborations, shares of Dar Alarchan have surged by an impressive 75%. This rise in share price illustrates how beneficial the association with the Trump brand can be, driving investor confidence as projects roll out through Dar Global, the international arm of Al Shalash’s enterprise. Despite appearing coy about the close relationship during interviews, it’s clear that being associated with the Trump name carries considerable weight—and profit potential.
In a world where business and politics often intersect, the bond between the Trump Organization and Saudi developers like Dar Global stands out. The Trump Tower Jedha is just one of many ambitious projects that illustrates the ongoing influence of both money and relationships in global real estate. With eyes on the horizon, all that’s left now is to watch this ambitious skyscraper rise against the Saudi skyline, a glittering testament to the power of partnership and prosperity.
