The Trump Organization, has signed a deal to license its name to a resort in Oman that is being developed by Saudi Arabia’s Dar Al Arkan.
The Riyadh-based developer, which announced its first Oman project in March, has agreed to license the Trump name for the $1.6 billion project, the report said.
The development, known as Aida, will be on the outskirts of Omani capital Muscat, will include 3,500 new homes and two hotels comprising 450 rooms as well as a golf course.
The agreement is the first of its kind by the Trump family since President Trump left the White House in January 2021 following his failed second Presidential bid, the paper said, adding, that the former President and his family business had agreed not to sign such agreements while incumbent.
The report said deals of this nature typically involve the Trump Organization receiving a cut of property sales or golf course revenue in exchange for use of the Trump name.
