It is hoped the new course, on the coast near Bellarena in County Londonderry, will open in 2029.
Economy Minister Caoimhe Archibald welcomed the development and said it would help to increase the impact of golf on Northern Ireland’s economy.
The course is being developed by the Galgorm Collection.
Its managing director Colin Johnston said preparatory work had already started and main work on the course could begin from 2026.
Tourism Northern Ireland’s chairwoman Ellvena Graham said Northern Ireland was already “a highly sought-after destination for golfers from across the globe” and she hoped more would be attracted to visit the new course.