News reports have revealed that Trump Organization and Dar Global, a leading global developer of luxury real estate projects, are planning to build two new luxury projects in the Kingdom, in an attempt to capitalize on the rapidly growing real estate market in Saudi Arabia.

The companies said in a statement today, according to Bloomberg News, that the projects will be located in the capital, Riyadh, without providing further details about the projects or the expected timelines.

Trump Organization and London-listed Dar Global are working together on several projects in the Middle East and are scheduled to officially launch the Trump Tower at the end of this week in Jeddah.