The Clap
Taiba Investments (4090) awarded the Sheraton Taiba Hotel building project in Medina to the Saudi Arabian Construction Company.
The Deets
The company stated that the project is located on plots No. 108 and 153, which are located on the northern side of Al Masjid an Nabawi, in the central area of Medina, with a total area of 2005 square meters, and a value of SAR 430.75 million (excluding tax value).
Sheraton Taiba Hotel
Sheraton Taiba Hotel is a 5-star hotel, consisting of two opposite towers linked by a bridge on the upper floors. It has 19 floors, including royal and standard suites and hotel rooms, with 435 hotel rooms total.
It also has parking, hotel services, a central restaurant, and several trade fairs.
Why this Matters
The Sheraton Taiba Hotel project aligns with the company’s vision, which is to develop many real estate and tourism projects in the Kingdom.
What Now
Taiba Investments indicated that there are no other parties involved in this project.
Taiba Investments awards the “Sheraton Hotel” project 🏨
