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Trump Group plans to collaborate with Saudi partners to create a tokenized resort in the Maldives.
PANews, November 17, news from Bloomberg, the Trump Group is collaborating with Saudi Arabian partners to plan the creation of a luxury resort in the Maldives, and intends to tokenize the hotel development project. The two companies stated in a joint announcement 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 subsidiary listed in London under a Saudi developer. The Maldives resort is planned to open by the end of 2028, just a 25-minute speedboat ride from the capital, Male. The tokenization of the project will allow investors to participate in the development phase, offering digital shares that investors can purchase in the form of tokens.