Real estate developer Dar Global has secured financing from the National Bank of Oman (NBO) for AIDA, its much-anticipated project in Muscat.
A joint venture with Omran Group, Oman’s leading entity for tourism development, AIDA blends residential and hospitality experiences around a championship-size luxury golf course. It will feature opulent mansions, limited-edition villas, and sophisticated apartments.
Perched atop cliffs overlooking the Gulf of Oman, AIDA spans 3.5 million square meters and offers exceptional leisure amenities. Among its signature attractions is the $500 million Trump International Oman, featuring a 140-key luxury resort and the golf course. The master-planned community also includes the Marriott Residences, a $100 million development that embodies the hospitality giant’s renowned standards of sophisticated living.
Ziad El Chaar, CEO of Dar Global, commented: “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. The project will further enhance the country’s position as a premium global destination.
“Securing financing from NBO pronounces strong endorsement of AIDA’s potential, marking a crucial step toward its successful realisation.”
The first phase of the project, set for completion by 2027, involves the design and construction of critical infrastructure, including roads, water and electricity networks, utility installations, drainage, and sewage systems. The Trump International Oman is scheduled to open in December 2028.
Ghadeer Iqbal Al Lawati, Assistant General Manager – Head of Project Finance & Syndication at NBO, added: “At NBO, we are committed to supporting transformative projects that drive economic growth and strengthen Oman’s position as a premier destination.
“We are proud to support Dar Global in bringing the AIDA project to fruition. This development is positioned to become a landmark destination, attracting tourists and investors alike, and contributing significantly to Oman’s Vision 2040 objectives. AIDA reflects our confidence in its vast potential to elevate Oman’s global appeal and contribute to the nation’s long-term prosperity.”
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