Latest news with #QatariDiar
Qatar Tribune
10-06-2025
- Business
- Qatar Tribune
Simaisma Beach closed for five years for development of tourism project
DOHA: The family-friendly Simaisma Beach will be closed starting today (June 10) for a period of five years to allow for the development of the massive Simaisma tourism project, being implemented by Qatari Diar, Arabic portal Al Sharq reported. Located 40km north of the capital, the project is one of Qatar's most prominent future tourism projects. It aims to introduce a new concept of tourism and entertainment, providing an exceptional experience for visitors and residents throughout the year. The project spans an area of approximately 8 million square meters, covering a 7-kilometer coastal strip on the picturesque eastern coast. The project is set to combine coastal nature with modern technologies, most notably an innovative outdoor cooling system that allows for outdoor enjoyment throughout the year. The project includes 16 diverse tourist areas ready for development, including a group of resorts designed within four main areas, each distinguished by its own unique architectural style and identity.
NDTV
09-06-2025
- Business
- NDTV
London's Newest Luxury Hotel Was Once The US Embassy. A Night In Its Penthouse Costs Rs 28 Lakh
Quick Read Summary is AI generated, newsroom reviewed. London's newest luxury hotel is The Chancery Rosewood. The building served as the US Embassy from 1960 until 2017 before the Embassy moved to Nine Elms. Qatari Diar converted the building into the Chancery Rosewood, a luxury hotel opening this September. When Finnish-American modernist architect Eero Saarinen won a design competition to create a new Chancery for London, little did he know that it would one day be turned into a lavish luxury hotel in the heart of the city. When Saarinen won the competition, the brief was simple: "a building to house all the major sections of the Embassy under one roof in a style to blend with existing architecture of Grosvenor Square". So, the architect got to work. The result was a building that could provide working space for 750 people, with 600 rooms on nine floors, out of which three were under the ground. A Fortified Embassy From 1960 to 2017, the Chancery at Grosvenor Square served as the US Embassy in London. In 2018, it moved to a new building in Nine Elms. The Chancery, one of the most fortified and secure buildings in London, is now gearing up to welcome guests from all over the world. The coldness of the former Embassy building is now being warmed with cascading chandeliers, suites that scream luxury, and penthouses that would set you back by about 20,000 pounds a night. The former US Embassy will be the Rosewood's newest hotel in the world, come September. A Qatar Company At The Helm The Chancery Rosewood is expected to host guests from September 1 this year. Converting a former embassy, that too one as secure as America's, was a gargantuan challenge for a Qatari real-estate company. It was an engineering test as well. But trust the Qataris to do it all and do it well. So, Qatari Diar, the real-estate company backed by Qatar's sovereign wealth fund, turned it around. Qatari Diar got Rosewood Hotels in in to do the deed. The Hong Kong-conglomerate owned luxury hotel chain retained the Chancery's American elements while giving the building a modern makeover fit for millionaires from the Middle East. The Eagle Of 'Little America' What stays intact is a gilded aluminium eagle atop the building. The eagle, with its 35-foot wingspan, was created by Polish-American sculptor and painter Theodore Roszak. Statues of former US Presidents Dwight Eisenhower and Ronald Reagan that once graced the square, have been reinstalled. The square itself is popularly known as 'Little America'. While the architectural restoration was done by British architect Sir David Chipperfield, the Chancery Rosewood's suites and communal spaces were designed by French interiors architect Joseph Dirand. The hotel will have eight restaurants and bars once open, including New York's famous Carbone and an Asian concept restaurant. A subterranean wellness facility with a 25-metre-long swimming pool, on one of its three underground floors, is also part of the hotel's highlights. All Suites And Penthouses The Rosewood will be an all-suite property. Its suites come in four categories: Junior Suites, Suites, Signature Suites, and Houses. Charles House and Elizabeth House, named after the English monarchs, are the biggest penthouses at the Rosewood. A night at one of the penthouses at The Chancery Rosewood start at 17,000 pounds or Rs 20 lakh, and go up to 24,000 pounds or Rs 28 lakh, subject to change. The lowest rate at the hotel is a junior suite. You'll need to shell out 1,520 pounds or Rs 1.76 lakh a night.
Bloomberg
21-05-2025
- Business
- Bloomberg
Property Powerhouses on Growth, Demand & What's Next
H.E. Abdullah bin Hamad bin Abdullah Al-Attiya, Minister of Municipality, State of Qatar & Chairman, Qatari Diar Real Estate Investment Company; Jeff T. Blau, CEO, Related Companies; and Chee Koon Lee, Group CEO, CapitaLand Investment Ltd. discuss global real estate horizons and how the sector is adapting to shifting demand and new growth opportunities with Bloomberg's Jennifer Zabasajja at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
Yahoo
16-05-2025
- Business
- Yahoo
Breaking down the Trump Organization's Qatar golf course deal
In May 2025, as U.S. President Donald Trump traveled to Saudi Arabia, Qatar and the United Arab Emirates as part of a Middle East trip, a claim circulated online that the Trump Organization was building a golf course in Qatar. For example, one X user wrote (archived): "The Trump Organization will build a luxury golf resort in Qatar, its first project there since Trump returned to the White House. The deal includes beachside villas and an 18-hole course. Qatar, really?" The rumor gained prominence on the back of reports that Qatar would give the Trump administration a Boeing 747-8 jet for use as Air Force One. Other examples of the claim appeared elsewhere on X (archived) and on Facebook (archived), Threads (archived), Bluesky (archived) and Reddit (archived). Readers also searched our site for information about the rumor. It is true that the Trump Organization partnered with Saudi Arabian and Qatari real estate development companies (archived) DarGlobal and Qatari Diar to build a Trump-branded golf club and luxury villas near Doha, Qatar. According to a company news release, DarGlobal would "develop" the golf course to be part of a larger site managed by Qatari Diar, which is funded by the Qatari government and led by a government minister. It was unclear exactly how involved the Trump Organization would be with construction. A Trump Organization spokesperson told The Associated Press that the company's deal was with the Saudi business, DarGlobal, not Qatari Diar. If the deal involved Qatari Diar it would likely face more scrutiny than one with DarGlobal because it could break a January 2025 commitment by the Trump Organization not to enter deals with foreign governments while Trump was in office. Snopes reached out to the Trump Organization, Qatari Diar and DarGlobal to ask about the relationship between the three companies regarding the Trump International Golf Club deal, who would carry out construction and whether the president participated in talks about the project. We await their replies. Some readers searching our site asked if it was the president himself who decided to build the golf course. It was unclear whether Trump had any influence over his company's decision to license a Trump golf club in Qatar. The president's assets in the Trump Organization are held in the Donald J. Trump Revocable Trust, which is overseen by his son Donald Trump Jr. Eric Trump and Donald Trump Jr. are both currently executive vice presidents of the Trump Organization after their father handed over the reins to the company in 2017. According to announcements by Qatari Diar and DarGlobal, Trump International Golf Club will consist of an 18-hole golf course, clubhouse and "branded villas." It will be part of the Simaisima Project, an 8 million-square-meter development on Qatar's eastern coast. The Qatari Ministry of Municipality launched the project in June 2024. Whether Trump might have influenced the Trump Organization's decision to license the Qatari golf course was difficult to ascertain given that it is not possible to fully know the president's relationship with the company. After Trump won his first presidential election in 2016, his lawyers reportedly said he would place his assets in a trust while in office and remove himself from the company's management. According to online news media outlet Politico, his legal team said he would have "no involvement whatsoever" in the businesses. A Trump Organization white paper released on Jan. 10, 2025, said that arrangement would remain active for Trump's second presidency. Donald Trump Jr. manages the trust, whose "settlor and sole beneficiary" is Donald Trump. The president would have "no involvement" in the management of the Trump Organization, according to the white paper, but he would have "limited access" to the company's financial information. It was unclear how these stipulations would be enforced, given that the company, in Trump's absence, is led by his sons. The white paper also promised "no new transactions with foreign governments." It was unclear how the Trump Organization's licensing deal, in which a Saudi developer would build a Trump-branded government on a site managed by the government-led and funded Qatari Diar real estate company, fits into this commitment. Some past presidents have sold their assets and formed a blind trust — a trust managed by a person other than the trustee who has complete discretion over trust management. With a blind trust, used by past presidents including Bill Clinton and George W. Bush, the assets held in the trust cannot become a conflict of interest for the trustee because they do not know what is in it or how it is being invested. A revocable trust, however, allows Trump as a settlor to change the terms of the trust or cancel it at any time. The revocable trust also means Trump still knows what assets he holds and how they might be affected by decisions he makes. Trump's lawyers dismissed the possibility of using a blind trust in 2017, saying it was not possible with an operating business. Snopes previously reported on claims that Trump called Qatar "funders of terrorism" in 2017 and that Pam Bondi used to lobby for Qatar in the U.S. About. Accessed 14 May 2025. About Us | QatariDiar. Accessed 14 May 2025. Christensen, Laerke. 'No Proof Trump Sold $2.3B in Truth Social Stock before April 2 Tariffs Announcement'. Snopes, 8 Apr. 2025, "DarGlobal Announces Development of Trump International Golf Club, Doha and Ultra-Luxury Beachfront Villas Within the Simaisima Community." DarGlobal, Accessed 14 May 2025. Dawsey , Josh, and Darren Samuelsohn. "Trump Drops 'No New Deals' Pledge." Politico, 11 Jan. 2017, "Defining a Blind Trust, How It Works, Examples." Investopedia, Accessed 14 May 2025. "Donald Trump Jr." The Trump Organization, Erb, Kelly Phillips. "What's A Blind Trust, Anyway, And Why Won't It Work For President-Elect Trump?" Forbes, Accessed 14 May 2025. "Eric Trump." The Trump Organization, "Minister of Municipality." Government Communications Office State of Qatar, "President Trump Resigns from Businesses, Leaves Sons, CFO in Charge." NBC News, 24 Jan. 2017, @qataridiar. "Qatari Diar Partners with DarGlobal to Launch a New Standard of Luxury Living with an 18-Hole Golf Course, Exclusive Clubhouse and Beachfront Villas." X, 1 May 2025, "Read the Trump Family's Ethics Agreement." New York Times, 10 Jan. 2025, "Revocable Trust Definition and How It Works." Investopedia, Accessed 14 May 2025. The Launch of Simaisma Project | QatariDiar. Accessed 14 May 2025.
Irish Independent
14-05-2025
- Business
- Irish Independent
Qatar gift of $400m jet highlights list of business links to Donald Trump and his cronies
Concerns and criticisms rise as president's sons negotiate deals with Middle Eastern country that will directly enrich the family fortunes The furore over Qatar possibly giving the US a $400m (€357m) Boeing jet for Donald Trump to use as a replacement for Air Force One has highlighted administration figures' thicket of concerning business connections to the country, as Trump prepares to visit the US ally during his Middle East tour this week. Last month, the Trump Organization, run by Trump's sons Eric and Donald Jr, announced a deal with developers Dar Global and Qatari Diar to build a Trump International Golf Club featuring 18 holes and a series of Trump-branded luxury villas within a larger government development.
