The Trump Organization continues to expand its Gulf investments with two new projects launched this week in Qatar and Dubai. Qatari Diar recently announced that it has signed an agreement with Dar Global to develop Trump International Golf Club – a luxury 18-hole golf course, golf club and an exclusive collection of Trump-branded luxury villas, as part of the landmark Simaisma coastal project located 40 kilometers north of Doha.
The announcement came only a day after Dar Global announced the launch of Trump International Hotel & Tower, Dubai. These project launches also come only weeks ahead of U.S. President Donald Trump’s visit to the region.
Trump to visit Gulf next month
Last week, the White House publicly confirmed that Trump will visit Saudi Arabia, the UAE and Qatar this month, marking the first foreign trip of his second term. Trump has suggested that he would sign major investment agreements in all three countries.
Saudi Arabia was Trump’s first foreign destination during his initial term as U.S. president in 2017. Just days after Trump returned to office this past January, Saudi Crown Prince Mohammed bin Salman announced that the Kingdom plans to invest approximately $600 billion in the United States throughout the president’s second term.
In March, the White House also revealed that the UAE had expressed aspirations to invest $1.4 trillion in U.S.-based artificial intelligence infrastructure, semiconductors, manufacturing and natural gas production over the coming decade. This announcement followed Trump’s meeting with Emirati national security adviser Sheikh Tahnoon bin Zayed at the White House.
Trump’s Qatar project to attract $2 billion in FDI
Occupying approximately 790,000 square meters within the broader 8 million square meters of Simaisma development, the collaboration between the two developers will deliver an 18-hole Trump International Golf Course, a Trump Golf Clubhouse and high-end branded villas with direct access to the beach and neighboring anticipated luxury lifestyle destinations.
The Simaisma project, led by Qatari Diar, is set to transform Qatar’s eastern coastline and will feature a 650,000 square meter theme park, tourism and hospitality zones, a yacht marina, beach club and a mix of cultural, retail and dining experiences.
CEO of Qatari Diar Eng. Ali Mohamed Al Ali noted that Trump’s project is expected to bring an estimated $2 billion in foreign investment into Qatar and will position the project as a prime destination for international, regional and local tourism.
Read| Dubai real estate: New Trump Tower to feature world’s highest outdoor pool
Plans for further expansion
Earlier this week, Dar Global and The Trump Organization announced the launch of Trump International Hotel & Tower, Dubai, reaffirming their confidence in the region’s long-term growth potential and commitment to delivering exceptional value to investors and residents alike. This project marks the Middle East’s first and only Trump International Hotel & Tower and represents the fifth collaboration between Dar Global and the Trump Organisation.
This year, the Trump Organization also launched the highly anticipated $533 million Trump Tower Jeddah in Saudi Arabia, which has been in the works with Dar Global for months. This development was the first to launch after Donald Trump was elected as President of the U.S. on November 5.
During his participation in a Bitcoin event in Abu Dhabi earlier this year, Eric Trump announced that the family is developing projects in Abu Dhabi, Jeddah, Oman and Riyadh. The company also plans to launch two new projects in Riyadh in collaboration with Dar Global.
Trump’s interest in the GCC region dates back to 2005. A Trump Tower was announced in Dubai back then, known as the Palm Trump International Hotel & Tower. However, the entire project was canceled in February 2011.
