Dar Global, the London-listed luxury real estate developer, has announced that it has awarded the enabling works contract for the highly anticipated Trump Tower Jeddah to Specialized Italian Foundation Company (Sifco).
A SAR2 billion ($531 million) architectural masterpiece, The Trump Tower Jeddah will be one of the city’s tallest residential towers, redefining luxury living in the kingdom.
Comprising 47 floors, the tower will introduce an exclusive lifestyle concept to Saudi Arabia, with features such as the Trump Club - the nation’s first-ever members-only social club designed as a haven of privacy, luxury, and curated experiences.
Sifco, an ISO 9001:2015 & BSOHSAS 18001:2007 certified company, is a 100% Saudi foreign investment firm specialising in deep foundations construction.
Founded in 2008 in partnership with a leading Italian firm, Sifco brings unparalleled expertise in advanced foundation design and construction techniques, leveraging cutting-edge technology to deliver projects of the highest global standards.
Dar Global CEO Ziad El Chaar said: "We are delighted to award the enabling works contract to Sifco, a partner that shares our commitment to excellence, innovation, and quality. With Sifco’s expertise and proven track record in delivering complex foundation projects, we are confident they will play a key role in bringing Trump Tower Jeddah to life."
"Strategically located near Jeddah’s iconic landmarks, this development reflects our mission to deliver vibrant, world-class luxury residences that cater to Saudi Arabia’s evolving lifestyle aspirations, setting new benchmarks for luxury and exclusivity in the region," he added.
With enabling works now underway, Dar Global said it is committed to delivering this landmark project as a symbol of innovation and opulence, setting a new benchmark for the region’s real estate market.
Beyond this development, the company is advancing a mega-project in Riyadh to construct 200 premium residential villas, further expanding its footprint in Saudi Arabia’s rapidly growing real estate sector.-TradeArabia News Service
