What is Dar Al Arkan? Trump family signs billion-dollar deal with Saudi firm for new resort in Oman

What is Dar Al Arkan? Trump family signs billion-dollar deal with Saudi firm for new resort in Oman
The resort and villas built on a hillside near the Gulf of Oman will bear the Trump name (Jeff Swensen/Getty Images)

The Saudi developer of a vast $1.6 billion hotel and golf complex in Oman has inked a licensing agreement with the Trump family. The resort and villas built on a hillside near the Gulf of Oman will bear the Trump name, continuing a tradition that provided the Trump Organization with significant revenue before Donald Trump was elected president.

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This comes at a time when the former president has fueled intense speculation about a possible 2024 run as he is set to make a "major announcement" on Tuesday night at his Mar-a-Lago estate. While an inquiry into the family firm's business operations is ongoing, a New York judge on Monday appointed a monitor to oversee some aspects of the firm.