Baku -5˚C Mostly cloudy

Saudi Arabia's Dar Al Arkan signs deal with Trump family for Oman project

Multimedia 12:46 20 Nov, 2022
Saudi Arabia's Dar Al Arkan signs deal with Trump family for Oman project

Saudi Arabian real estate developer Dar Al Arkan said it signed an agreement with former U.S. 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, Qazet.az reports according to .

The regulatory statement issued on Sunday did not disclose the financial terms of the agreement with the Trump Organization, which manages hotels, golf courses and other real estate around the world.

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.