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Trump Organization Plans to Partner with Saudi Associates to Build a Tokenized Resort in the Maldives
BlockBeats News, November 17th, according to Bloomberg, the Trump Group is partnering with a Saudi Arabian partner to plan a luxury resort in the Maldives and is planning to tokenize the hotel development project. The two companies stated in a joint declaration on Monday that the Trump International Hotel Maldives project will include 80 ultra-luxury beach villas and overwater villas, developed and constructed jointly by the Trump Group and Dar Global Plc.
Dar Global is a London-listed subsidiary of a Saudi developer. The Maldives resort is scheduled to open by the end of 2028, just a 25-minute speedboat ride from the capital, Male. The tokenization of this project will allow investors to participate in the development phase, offering digital shares that investors can purchase in tokenized form.
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