The two companies this week will also launch the Trump Tower in Jeddah, the third project between Dar Global and the Trump Organization.

By bne Gulf bureau The Trump Organization and Saudi luxury developer Dar Global announced plans for two new real estate projects in Riyadh on December 9, Reuters reported. The development marks the latest collaboration between the company of US President-elect Donald Trump and Dar Global,

London-listed Dar Global is the international arm of Saudi Arabia's Dar Al Arkan Real Estate Development Company

"I have no interaction with Washington, D.C. I want no interaction with Washington, D.C.," Eric Trump said when asked about conficts of interest.

The Trump Organization plans to build a Trump Tower in the Saudi capital Riyadh as part of a real estate expansion in the region including in the Emirati capital Abu Dhabi, Eric Trump, the U.S. president-elect's son told Reuters on Thursday.

The Trump Organisation aims to launch projects in Saudi Arabia as it continues to build on its closer ties with the region. The company on Wednesday unveiled a 2 billion Saudi riyals ($533 million) residential development in Jeddah in partnership with London-listed Dar Global.