Donald Trump’s family business and a leading Saudi real estate firm say work on the proposed $4bn golf and residential resort in Oman will begin at the start of 2023.
Dar Al Arkan and The Trump Organisation signed an agreement in New York for the development of a signature Trump Resort, including residential villas, a hotel and a golf course in Muscat. Known as AIDA it will be developed over the next 10 years and has an initial budget of $4bn.
Construction of the 3.5 million square metre development is due to begin in the first quarter of 2023, with the development atop a 100 meter-high hilltop expected to be one of the largest premium mixed-use real estate projects in the world.
Eric Trump, Executive Vice President, of the former president’s family business, said: “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.”
