The Trump organization continues to expand its golf investment with two new projects launched in Qatar and Dubai this week. Qatar Dia recently announced it will sign a contract with DAR Global to develop an exclusive collection of luxury villas with Trump brand as part of the Trump International Golf Club, Golf Club, Golf Club and the Simaisma Coastal Project, 40km north of Doha.
The announcement comes one day after Dar Global announced the launch of Trump International Hotel & Tower in Dubai. The launch of these projects will be in the region of the region a few weeks before visiting US President Donald Trump.
Trump to visit Gulf next month
Last week, the White House publicly confirmed that Trump will be visiting Saudi Arabia this month. Trump has proposed to sign large investment agreements for all three countries.
Saudi Arabia was Trump’s first foreign goal in 2017, in his first term as US president. A few days after Trump took office in January last year, Saudi Crown Prince Mohammed Bin Salman announced that the kingdom plans to invest around US$600 billion in the United States for its second term.
In March, the White House also revealed that VAE had announced its efforts to invest $1.4 trillion in sub-current American artificial intelligence rates, semiconductors, manufacturing and natural gas production over the next decade. Following the announcement, Trump’s meeting with Emirati national security adviser Sheikh Tanoon Bin was Zayed at the White House.
Trump’s Qatar project to attract $2 billion in FDI
The collaboration between the two developers is a luxurious lifestyle destination that is expected to have developed around 790,000 square meters within Simaisma’s wider 8 million square meters, with 18-hole Trump International Golf Course, Trump Golf Clubhouse, a high-quality brand villa with direct access to the beach, and an adjacent luxury lifestyle destination.
The Simaisma project under Qatar Diar’s direction will change Qatar’s east coast and 650,000 square meters theme parks, tourism and hospitality zones, yacht marinas, beach clubs, culture, retail and food experiences.
CEO of Qatar Dia. Ali Muhammed Al Ali noted that Trump’s project will bring an estimated US$2 billion to foreign investment in Qatar and is expected to position the project as a major international, regional and local tourism target.
Plans for further expansion
Earlier this week, DAR Global and the Trump organization announced the launch of Dubai’s Trump International Hotel & Tower, confirming confidence in the region’s long-term growth potential, ensuring extraordinary value for investors and residents. The project is the first and only Trump International Hotels & Towers in the Middle East, representing the fifth collaboration between the DAR Global Organization and the Trump Organization.
This year, the Trump organization also launched the highly anticipated US$533 million Trump Tower Jeddah in Saudi Arabia. The development was first launched after Donald Trump was elected President of the United States on November 5th.
When attending a Bitcoin event in Abu Dhabi earlier this year, Eric Trump announced that his family had developed projects in Abu Dhabi, Jeddah, Oman and Riad. The company will also work with DAR Global to launch two new projects at RIAD.
Trump’s interest in the GCC region dates back in 2005. Trump Tower was unveiled in Dubai and is known as Palm Trump International Hotel & Tower. However, the entire project was cancelled in February 2011.
