Dar Al Arkan signs deal with Trump family for Oman project

Dar Al Arkan signs deal with Trump family for Oman project

Saudi real estate developer introduces Trump signature villas, hotel, and golf course at its hilltop project ‘Aida’ in Muscat, Oman

The Aida project, a joint venture with Oman Tourism Development Company, will include Trump residential villas, a hotel and a golf course built near Muscat and would take over a decade to complete, according to the Dar Al Arkan filing. — Supplied photo

Published: Sun 20 Nov 2022, 3:13 PM

Saudi real estate developer Dar Al Arkan on Sunday announced that it signed an agreement with former US President Donald Trump’s company to use the Trump Brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas.

The Aida project, a joint venture with Oman Tourism Development Company, will include Trump residential villas, a hotel and a golf course built near Muscat and would take over a decade to complete, the Dar Al Arkan filing said.

Located in the heart of the capital, Muscat, the 100-meter-high hilltop development is one of the largest premium mixed-use real estate projects in the world, situated directly by the sea.

"The value of the project is $4 billion, and it will be developed over 10 years on an area of 3.5