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Jeddah Trump Tower Launches in Partnership with Dar Global
The Trump Organization and Dar Global have unveiled the launch of the Jeddah Trump Tower Project.
The Suadi Boom
December 18, 2024
Welcome to The Saudi Boom. The No.1 Business Site & Newsletter in Saudi Arabia. Discover The Latest Developments and Opportunities in The Kingdom of Saudi Arabia.
LATEST NEWS
In Today’s Edition:
Dar Global and The Trump Organization Launch $2 Billion SAR Trump Tower Jeddah
Riyadh Metro Opens Red and Green Lines to Public
NEOM Partners with Denmark’s GMT Robotics to Revolutionize Construction
Saudi’s PIF Completes 15% Stake Acquisition in London’s Heathrow Airport
COMPANIES
✨Dar Global and The Trump Organization Launch $2 Billion SAR Trump Tower Jeddah
Dar Global and The Trump Organization have launched the $2 billion SAR Trump Tower Jeddah project, aiming to redefine luxury living in Saudi Arabia.
Key Takeaways:
Trump Tower Jeddah will be strategically located along the scenic Jeddah Cornich
The project offers ultra-luxury residences with world-class amenities.
Its design integrates Saudi cultural elements with contemporary architecture.
Trump Tower Jeddah will redefine luxury living and attract global investors to Saudi Arabia. Read more
TRAVEL
✨Riyadh Metro Opens Red and Green Lines to Public
Riyadh's metro network has expanded further with the opening of the Red and Green lines, bringing the total operational lines to five out of six.
Key Takeaways:
Red Line spans 25.1 km with 15 stations, connecting key areas
Green Line covers 13.3 km with 12 stations.
The remaining Orange Line is set to open in January 2025, completing the entire network.
The Red and Green lines launch marks a significant milestone for Riyadh's public transportation system. Read more
NEOM
✨NEOM Partners with Denmark’s GMT Robotics to Revolutionize Construction
NEOM, the futuristic city project in Saudi Arabia, has partnered with Denmark's GMT Robotics to revolutionize construction on its vast projects.
Key Takeaways:
NEOM to utilize robotic systems for rebar cage assembly and handling.
Aims to enhance efficiency, safety, and sustainability in construction.
The collaboration will localize this technology, promoting its adoption in Saudi Arabia.
NEOM's partnership with GMT Robotics signifies its commitment to cutting-edge technologies for building a sustainable and efficient future city. Read more
THE PIF
✨Saudi’s PIF Completes 15% Stake Acquisition in London’s Heathrow Airport
Saudi Arabia's Public Investment Fund (PIF) has acquired a 15% stake in London's Heathrow Airport,
Key Takeaways:
PIF strengthens its presence in global infrastructure with this investment.
The deal aligns with Saudi Arabia's strategy to support aviation and tourism growth.
The acquisition positions PIF as a key stakeholder in Heathrow's future development.
PIF's investment in Heathrow Airport underscores Saudi Arabia's ambitions in the international aviation sector. Read more
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