Saudi’s Dar Al Arkan, Trump Sign Deal To Build $4 Billion Oman Real Estate

Saudi Arabia’s Dar Al Arkan real estate company has signed a deal with the Trump Organization to develop a signature Trump Resort worth $4 billion in Muscat, Oman.

The 100-meter-high hilltop development is set to be one of the world’s largest mixed-use real estate projects, situated directly by the sea, the company said in a statement on Sunday.

The AIDA project, a joint venture with the Oman Tourism Development Company (OMRAN Group), will include residential villas, a hotel, and a golf course built near Muscat.

Development of the project will begin next year and is expected take more than a decade to complete.

Eric Trump, Executive Vice President of the Trump Organization, said in a statement; “When we were looking at our next project and where we wanted to expand our footprint, we knew it had to be in an outstanding location and with an amazing team.

“At AIDA, in the heart of Muscat, Oman situated directly overlooking the incredible sea, we have truly found that.

"Together with Dar Al Arkan, we are going to deliver an exceptional Trump Golf resort with the finest residential villas, a world-class hotel, and an iconic golf course, all in one of the most beautiful settings.”

AIDA’s master plan was designed to adopt architectural foundations, utilizing Oman’s rich natural surroundings.

It is being developed sustainably, fully respecting and preserving the topography and unique environmental features of the area with homes integrating seamlessly within the cliffs.