logo
Satellite Images Show New Trump Resort Emerge in Middle East

Satellite Images Show New Trump Resort Emerge in Middle East

Newsweek18-07-2025
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
Recent satellite imagery reveals significant progress at one of the Middle East's most high-value coastal real estate projects, where Trump-branded villas are being developed above the Gulf of Oman.
Newsweek contacted real estate developer Dar Global and the Trump Organization for comment.
U.S. President Donald Trump has handed over his multiple global business interests to his family while he is serving as president, but his critics say potential conflicts of interest remain.
Why It Matters
The megaproject, called Aida, sits atop cliffs roughly 430 feet above sea level near Oman's Yiti beach, and aligns with the country's Vision 2040 aimed at diversifying the country's economy beyond oil through high-end tourism and foreign investments.
A centerpiece for the project is Trump International Oman—a $500 million resort anchored by a 140-room luxury hotel and an international-standard golf course. The project reflects the Trump Organization's deepening footprint in the Gulf, with country leaders also forging close political and security ties with the U.S. president. Oman has been acting as a mediator between the U.S. and Iran on nuclear talks.
Drag slider
compare photos
What To Know
Spanning over 3.5 million square meters, the coastal project is being built through a joint venture between Saudi Arabia's Dar Global, a London-listed real estate developer, and Omran Group, the state's authority overseeing tourism investment in Oman.
Dar Global said in its July digital newspaper issue that "significant progress is underway at AIDA." Located about 15 minutes from Oman's capital, Muscat, the resort is within reach from major Gulf tourism hubs, such as Dubai in the United Arab Emirates.
Aida, which combines upscale residences, hotels, and recreational facilities secured financing from the National Bank of Oman in February. The company is developing the Trump Cliff Villas, upscale sea-view homes tucked near the Trump International Hotel. A three-bedroom villa is being sold at over $1 million, according to real estate developers' websites.
DarGlobal is developing a signature resort in AIDA, a $4B landmark 130m above Muscat. With luxury villas, a Trump Golf Course, a world-class hotel, & a hanging nightclub, AIDA redefines elegance while preserving nature. #DarGlobal #AIDA #Trump #Oman pic.twitter.com/3F9hAoma8V — DarGlobal (@dar_global) January 3, 2025
Dar Global is also building the Trump Tower Jeddah, a 47-story-tower on the city's corniche scheduled for completion in 2029 and the Trump International Hotel and Tower Dubai, featuring the world's highest outdoor pool.
What People Are Saying
Ziad El Chaar, CEO of Dar Global said in February, as quoted by Kanebridge News business platform: "As a milestone project AIDA is not only slated to elevate the luxury real estate offering of Oman but also deliver tangible economic growth by attracting investment, creating jobs, strengthening the tourism and related sectors."
Eric Trump, Executive Vice President of the Trump Organization said in 2024: "We are thrilled to introduce Trump International Oman with Dar Global, marking a new era of sophistication, impeccable service, and exclusivity, elevating Oman as a premier global destination."
What Happens Next
The first phase of AIDA, focused on core infrastructure, is due for completion by 2027. Trump International Oman is expected to open by December 2028.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Starmer to raise Gaza ceasefire and UK steel tariffs in Trump meeting
Starmer to raise Gaza ceasefire and UK steel tariffs in Trump meeting

Yahoo

time2 minutes ago

  • Yahoo

Starmer to raise Gaza ceasefire and UK steel tariffs in Trump meeting

Sir Keir Starmer is expected to raise the prospect of reviving ceasefire talks between Israel and Hamas and the future of tariffs on British steel as he meets Donald Trump in Scotland. The Prime Minister will travel to Ayrshire, where the US president is staying at his Turnberry golf resort, for wide-ranging discussions on trade and the Middle East as international alarm grows over starvation in Gaza. The two leaders have built a rapport on the world stage despite their differing political backgrounds, with Mr Trump praising Sir Keir for doing a 'very good job' in office ahead of their talks on Monday. But humanitarian conditions in Gaza and uncertainty over US import taxes on key British goods in America threaten to complicate their bilateral meeting. Peace talks in the Middle East came to a standstill last week after Washington and Israel recalled negotiating teams from Qatar, with White House special envoy Steve Witkoff blaming Hamas for a 'lack of desire' to reach an agreement. Since then, Israel has promised military pauses in three populated areas of Gaza to allow designated UN convoys of aid to reach desperate Palestinians. But the UK, which is joining efforts to airdrop aid into the enclave and evacuate children in need of medical assistance, has said that access to supplies must be 'urgently' widened. In his talks with Mr Trump, Sir Keir will 'welcome the President's administration working with partners in Qatar and Egypt to bring about a ceasefire in Gaza', Number 10 said. 'He will discuss further with him what more can be done to secure the ceasefire urgently, bring an end to the unspeakable suffering and starvation in Gaza and free the hostages who have been held so cruelly for so long.' The leaders will also talk 'one-on-one about advancing implementation of the landmark Economic Prosperity Deal so that Brits and Americans can benefit from boosted trade links between their two countries', it said. The agreement signed at the G7 summit last month slashed trade barriers on goods from both countries. But tariffs for the steel industry, which is of key economic importance to the UK, were left to stand at 25% rather than falling to zero as originally agreed. Concerns had previously been raised that the sector could face a levy of up to 50% – the US's global rate – unless a further agreement was made by July 9, when Mr Trump said he would start implementing import taxes on America's trading partners. But that deadline has been and gone without any concrete update on the status of UK steel. Downing Street said that both sides are working 'at pace' to 'go further to deliver benefits to working people on both sides of the Atlantic' and to give UK industry 'the security it needs'. The two leaders are also expected to discuss the war in Ukraine, which Number 10 said would include 'applying pressure' on Vladimir Putin to end the invasion, before travelling on together for a private engagement in Aberdeen. It comes after Mr Trump announced he had agreed 'the biggest deal ever made' between the US and the European Union after meeting Ursula von der Leyen for high-stakes talks at Turnberry on Sunday. After a day playing golf, the US leader met the President of the EU Commission to hammer out the broad terms of an agreement that will subject the bloc to 15% tariffs on most of its goods entering America. This is lower than a 30% levy previously threatened by the US president. The agreement will include 'zero for zero' tariffs on a number of products including aircraft, some agricultural goods and certain chemicals, as well as EU purchases of US energy worth 750 billion dollars (£558 billion) over three years. Speaking to journalists on Sunday about his meeting with Sir Keir, Mr Trump said: 'We're meeting about a lot of things. We have our trade deal and it's been a great deal. 'It's good for us. It's good for them and good for us. I think the UK is very happy, they've been trying for 12 years to get it and they got it, and it's a great trade deal for both, works out very well. 'We'll be discussing that. I think we're going to be discussing a lot about Israel. 'They're very much involved in terms of wanting something to happen. 'He's doing a very good job, by the way.' Mr Trump's private trip to the UK comes ahead of a planned state visit in September.

One in eight high earners with no inheritance ‘trapped by financial outgoings'
One in eight high earners with no inheritance ‘trapped by financial outgoings'

Yahoo

time2 minutes ago

  • Yahoo

One in eight high earners with no inheritance ‘trapped by financial outgoings'

One in eight (12%) people with a salary over £100,000, but with no parental wealth to fall back on, feel 'trapped' by their current financial commitments, a survey has found. More than two-fifths (44%) do not feel that they are able to comfortably meet their financial commitments each month, according to the research commissioned by wealth manager Killik & Co. Despite their high salaries, nearly a fifth (18%) of high earners in this group admit that their financial commitments are causing them stress and anxiety. Over a quarter (28%) said that the cost of supporting loved ones is reducing their financial savings while 26% said their own personal financial commitments are impacting their financial cushion. The most common monthly financial commitment, aside from household expenses and utility bills, was insurance (66%), including health, home and car cover. Nearly half (47%) of those surveyed have commuting costs, and 45% have private healthcare or other medical expenses. Over a third (36%) have credit card debt to pay. This group is also largely focused on the short term, the research indicated, with the majority (56%) thinking only a year ahead when planning finances and only 3% planning more than five years in advance. Will Stevens, head of wealth planning, Killik & Co said: 'A high tax burden, loss of free childcare, family dependants and mortgage costs all stack up and make it difficult for even those on the highest salaries to build up financial resilience. 'If they are not due an inheritance, it's clear even those on six figures and above are struggling to build up savings to ensure longer-term financial stability for their family. 'Provided money is managed carefully, this doesn't need to be the case. Upweighting pension contributions, managing salary increases and childcare support, and seeking financial advice to ensure your estate is well structured from a tax perspective, can all help high earners avoid the common traps which block them from accumulating wealth.' More than 2,000 people across the UK who are earning £100,000 or more and do not stand to inherit money from parents and whose parents cannot support them financially were surveyed by Censuswide for the research carried out in April and May. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

In a deal with Trump, Europe gets an elusive agreement. But everyone's a little annoyed
In a deal with Trump, Europe gets an elusive agreement. But everyone's a little annoyed

CNN

time4 minutes ago

  • CNN

In a deal with Trump, Europe gets an elusive agreement. But everyone's a little annoyed

Tariffs European Union Prescription drugsFacebookTweetLink Follow The United States and the European Union avoided the worst-case scenario: a damaging, all-out trade war between allies that threatened to raise prices on a large number of goods and slow two of the world's largest economies. The framework delivered a sense of relief for both sides – but few are cheering the arrangement itself. The agreement, which sets a 15% tariff on most European goods entering the United States, is higher than the 10% tariff Trump put in place on April 2 and significantly higher than the average of around 2% from before Trump's presidency. But it's significantly less than the enormous numbers Trump had been threatening if an agreement wasn't reached. A deal with the United States felt like an impossibility in late May. Frustrated by a lack of progress in negotiations with the 27-member European Union, Trump on May 24 told the world he was done talking to some of America's strongest allies. 'Our discussions with them are going nowhere!' Trump posted on Truth Social. 'I'm not looking for a deal,' he said later that day in the Oval Office. 'We've set the deal — it's at 50%.' The statement — and the shockingly high tariff threat — stunned European trade negotiators and rallied Europe's leaders into action. They quickly agreed to kick talks into high gear. Trump, who has taken a particular liking to European Commission President Ursula von der Leyen, was swayed after she called him to say the EU would commit to moving 'swiftly and decisively.' Trump soon backed off his threat and said negotiations would continue. But a deal between the United States and the European Union, one of America's top trading partners, had remained elusive for months. The two sides squabbled over America's insistence on high tariffs for steel and aluminum, looming tariffs on pharmaceuticals and the tariff floor for virtually all goods that the Trump administration appears set to raise to 15%. Negotiators were unable to come up with a resolution before the initial July 9 deadline — one of the reasons the Trump administration postponed the effective day for its 'reciprocal' tariffs to August 1. With just days to go before the extended deadline, while Trump was visiting Scotland, he met with van der Leyen and finalized a framework for an agreement — one that was thin on details, heavy on caveats, but was nevertheless a hard-sought relief for both sides. With the agreement in place, two of the world's largest economies avoided a potential economically crippling trade war. The United States held a 50% tariff threat over Europe's head, and Europe threatened America with strategic retaliatory tariffs that threatened to damage key US industries. Both sides appeared to embrace the fact that a deal was in place more than they celebrated it. 'We made it,' Trump said while announcing the deal with von der Leyen. 'It's going to work out really well.' 'I think we hit exactly the point we wanted to find,' von der Leyen said. 'Rebalance but enable trade on both sides. Which means good jobs on both sides of the Atlantic, means prosperity on both sides of the Atlantic and that was important for us.' Markets cheered, somewhat: Dow futures rose 150 points, or 0.3%, poised to open near record territory. S&P 500 futures gained 0.3% and Nasdaq futures were 0.4% higher. The United States and Europe 'seem to have avoided a self-destructive trade war for now in the biggest and deepest commercial and investment relationship the global economy knows,' said Jörn Fleck, senior director of the Atlantic Council's Europe Center. Nevertheless, the details remain murky. Europe will increase its investment in the United States by $600 billion and commit to buying $750 billion worth of US energy products. It eliminates tariffs on a variety of items, including aircraft and plane parts, semiconductors, generic drugs and some chemicals and agricultural products. Industries in the zero-tariff arrangement cheered. 'The zero-for-zero tariff regime will grow jobs, strengthen our economic security and provide a framework for U.S. leadership in manufacturing and safety,' Airlines for America said in a statement. But the 15% baseline tariff applies to most goods, so the EU member states – and American importers — will have to come to terms with the fact that higher tariffs will raise prices for European goods in America. 'Higher tariffs mean higher prices for US consumers—and that will seriously dent EU companies' bottom lines,' said Alex Altmann, vice president of the British Chamber of Commerce in Germany. 'EU companies aiming to stay competitive in the US market will think twice when deciding where to produce or assemble.' The agreement also deals another blow to Detroit automakers, which objected to a similar deal the Trump administration reached with Japan. The 15% auto tariff on EU cars imported to the United States undercuts the 25% tariff American automakers pay if their cars are built in Mexico. Although von der Leyen said pharmaceuticals were included in the early framework, she acknowledged that Trump may ultimately place higher tariffs on drugs imported to the United States, undercutting the agreement. Still, in the eyes of the hard-working negotiators — and for the sake of the global economy — a deal is better than no deal. Now comes the hard part: figuring out the details.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store