London-listed Dar Global has awarded the enabling works contract for Trump Tower Jeddah to Specialised Italian Foundation Company (SIFCO).

The 2 billion Saudi riyal ($531 million) Trump Tower Jeddah will be located on Jeddah’s Corniche. The 47-storey tower will house Trump Club, the country’s first-ever members-only social club.

The value of the contract was not given.

Founded in 2008, SIFCO specialises in deep foundations construction.  

Dar Global, the global arm of Saudi-listed Dar Alarkan Real Estate Development Company, is working on a mega-project in Riyadh to construct 200 premium residential villas.

(Editing by Anoop Menon) (anoop.menon@lseg.com)

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