Trump Organization, a company owned by the former US president’s family, has signed a $1.6 billion deal with a Saudi real estate developer to build a golf resort in Oman.
Trump Organisation has joined hands with Dar Al-Arkan, which is one of the largest real estate companies in Saudi Arabia.
“It is an honor to work with Dar Al Arkan, who share our vision for superior quality and excellence,” the Trump Organisation said in a statement. “This will be a truly magnificent project that integrates luxury living and world-class hospitality at the highest levels.”
The project aims to make the Trump brand name part of the project. It is set to be built in Muscat, Oman, on a hillside adjacent to the Gulf of Oman, and will include a golf resort, villas, and two hotels.
According to a report by The New York Times, the design for the development has not yet been fully revealed, it is known that the project will be called ‘Aida’. The resort will feature 3,500 new homes, two 450-room hotels, and a golf course.
Former President Donald Trump announced on Tuesday that he’s running for White House for the third time.
