Donald Trump to build $200 million villas in Oman.
- Donald Trump has partnered with Saudi property developer Dar Global to build a luxurious residential community worth $200 million in Oman.
- The site will host five starts including Ritz Carlton, Jumeirah Hotels and Shangri-La.
The Trump Villas at AIDA will be situated within the Trump International Golf Club, offering residents an elite membership to the club and sea views from an elevation of over 130 meters.
The project will provide a range of world-class amenities, including a clubhouse, expansive parks, and recreational spaces.
Property owners will receive a Trump-branded golf cart.
This development in Oman is not the only one bearing the Trump name in the Gulf; he has also put his name on a gated community in DAMAC Hills in Dubai through a deal with Emirati billionaire Hussain Sajwani.
AIDA is a development located in Muscat, near five UNESCO world heritage destinations, and surrounded by sharp cliffs, curvaceous valleys, hilltops, and the Arabian Gulf.
The site will also host five-star hotels, including Ritz Carlton, Jumeirah Hotels, and Shangri-La. Dar Global has recently listed on the main market of the London Stock Exchange.
Donald Trump’s presence in the Gulf:
Former US President Donald Trump has previously invested in real estate projects in the Gulf, particularly in Dubai, through a partnership with Damac Group in 2015.
Trump’s business presence in the oil-rich Gulf region has now expanded with a new project in Oman, despite ongoing scrutiny over potential conflicts of interest.
Challenges within MENA for Donald Trump:
There have been accusations of conflicts of interest regarding Trump’s involvement in real estate developments across the Gulf, particularly due to his close relationships with countries like Saudi Arabia and the UAE during his presidency according to OmanMoments.
Despite his promise not to initiate new foreign deals during his time in office, his businesses continued to benefit from pre-existing agreements in nations such as Turkey, the Philippines, and India.