NBO Signs Credit Facilities Agreement with Dar Global to Support AIDA Integrated Tourism Project

The National Bank of Oman (NBO) has signed a strategic credit facilities agreement with Dar Global to finance the AIDA Integrated Tourism Project in Yiti, Muscat. The agreement, signed at NBO’s headquarters, was formalized by Abdullah al Hinai, CEO of NBO, and Ziad el Chaar, CEO of Dar Global.

This partnership is a significant step in enhancing Oman’s real estate and tourism sectors in alignment with Oman Vision 2040. Additionally, the agreement provides partial financing for ‘AIDA Oceana’, a luxury destination that forms an integral part of the Yiti Master Development Plan.

AIDA Oceana: Redefining Luxury Living & Tourism

• 📌 AIDA Oceana is set to be one of the most exclusive residential and leisure developments in Oman, featuring 3,500 high-end residences, luxury villas, townhouses, and world-class hospitality experiences.
• 📌 Perched 100 meters above the Muscat coastline, this project offers breathtaking views and a unique blend of upscale living, recreation, and investment opportunities.
• 📌 One of the most iconic elements of AIDA Oceana is the Trump Golf Course and branded Trump Residences, designed to set a new benchmark for luxury living and tourism in Oman.

NBO’s Commitment to Sustainable Investment & Economic Growth

🔹 Ghadeer Iqbal al Lawati, Assistant General Manager – Head of Project Finance & Syndication at NBO, commented:
“This partnership with Dar Global highlights NBO’s commitment to financing transformative projects that not only redefine luxury tourism and community living in Oman but also contribute to the nation’s economic diversification goals. The AIDA project is a key milestone in Oman Vision 2040, reinforcing our role in supporting sustainable development and investment opportunities in the real estate and tourism sectors.”

🔹 Ziad el Chaar, CEO of Dar Global, added:
“The AIDA Oceana project will be one of the region’s most prestigious luxury destinations, blending world-class residences with leisure and entertainment experiences. This collaboration with NBO strengthens our ability to deliver a high-caliber project that will attract global investors and luxury travelers to Oman.”

AIDA: A Game-Changer for Oman’s Tourism & Investment Landscape

With this agreement, NBO and Dar Global are paving the way for AIDA to become a leading hub for luxury tourism and high-value investments in Oman. The project is expected to elevate Oman’s global appeal as a premier destination for real estate and tourism investments.

Real Estate Investment in Oman: With 3,500 high-end residential units, premium villas, and luxury lifestyle amenities, AIDA Project with Trump Brand is one of the most prestigious investments in Oman’s real estate sector.