Trump's first real estate project in Qatar to be announced by Qatari Diar, Dar Global

Trump's first real estate project in Qatar to be announced by Qatari Diar, Dar Global

QL Properties
By QL Properties

Real estate developers Qatari Diar and Dar Global will announce a deal today to build Qatar's first Trump-branded real estate project, as per Reuters on Tuesday.

The Trump International Golf Course and Trump Villas will be part of the Simaisma beachside development 40 minutes north of the Qatari capital Doha, the Reuters source said, speaking on condition of anonymity.

The $5.5 billion Simaisma development, led by Qatari Diar, is designed as a 7 km-long mega entertainment resort district, anchored by an 18-hole golf course and a Land of Legends theme park.

Wednesday's deal will come amid a visit to the region by Eric Trump, the son of U.S. President Donald Trump and a Trump Organization executive. Eric Trump told Reuters on Tuesday that the Gulf region is dependent on a strong U.S., and that the whole region wants security so local economies can flourish.

Dar Global, the international arm of Saudi Arabia's Dar Al Arkan Real Estate Development Company, has already unveiled several projects in partnership with the Trump Organization including plans for a Trump tower in Dubai and two more in Jeddah and Riyadh, as well as real estate projects in Oman.

President Trump is set to visit Qatar in the coming weeks in his first major foreign trip, which is also set to include stops in Saudi Arabia and the UAE.

Trump has suggested that he would sign major investment agreements in all three countries.

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