A major new city is taking shape in Qatar, with a total investment of $5.5 billion. On April 30, Eric Trump—son of U.S. President Donald Trump and Executive Vice President of the Trump Organization—visited Qatar to sign an agreement for the development of luxury real estate under the Trump brand.
On the same day, Qatari real estate firm Qatari Diar and Dar Global, the international arm of Saudi Arabia’s Dar Al Arkan, announced a partnership to launch the first Trump-branded real estate project in Qatar.
The development will be part of the “Simaisma” project, a large-scale beachfront district located approximately 40 minutes north of Doha. The project will feature a Trump International Golf Course and luxury Trump villas as part of its offerings.
Led by Qatari Diar, the Simaisma project spans seven kilometers and is envisioned as a major tourism and entertainment destination. In addition to the golf course, it will include the “Land of Legends” theme park at its core.
Dar Global has previously partnered with the Trump Organization on several developments, including a newly launched Trump Tower in Dubai and upcoming projects in Jeddah, Riyadh, and Oman.
In a significant moment for the region, President Donald Trump is expected to visit Qatar in the coming weeks as part of his first official international tour, which will also include Saudi Arabia and the United Arab Emirates. He has indicated plans to sign major investment agreements in all three countries.
Source: sarajevotimes.com
