Saudi real estate developer Dar Global will launch two Trump-branded luxury projects ‍in Riyadh and Jeddah with ‍a combined value of $10 billion, CEO Ziad El Chaar said on Sunday.

The projects ‌include the Trump National Golf Course and Trump ⁠International Hotel in Riyadh’s Diriyah, a massive development project on the Saudi capital’s western edge, Chaar told Reuters.

In Jeddah, mixed-use offices and residential property are planned ⁠in ‍a development named Trump Plaza, Chaar added.

The projects are in line with Saudi Arabia’s Vision 2030 to diversify the economy away ‌from oil, Chaar said, with the aim of ⁠attracting direct foreign investment. Saudi Arabia also plans to allow foreigners to own property for ‌the first time in designated areas, starting this month.

The latest in a series of partnerships between the Trump ⁠Organization and Dar Global, ‌the international arm of Saudi developer Dar ‌Al Arkan, is ​expected to be completed over the next four to five years, said Eric Trump, U.S. President Donald Trump’s son and executive vice president ⁠of the Trump Organization.

By Timour Azhari