The real estate company The Trump Organization plans to build a skyscraper in Dubai together with the Saudi real estate developer Dar Global: Trump Tower Dubai.
The project is the third of its kind in a short time where The Trump Organization is investing in the Middle East together with the Saudi company.
Earlier in July, an agreement was reached between the companies on a residential project in Jeddah, Saudi Arabia, which followed the presentation of a billion-dollar project in Oman in March.
USA's former President Donald Trump, who is challenging the incumbent President Joe Biden in the presidential election in the USA in November, already has several development projects in Dubai after the merger with Damac Group in 2015.
The Trump Organization is an unlisted holding company that controls Donald Trump's companies and investments.