Taiba awards $115m contract for Sheraton Hotel Construction in Madinah
5 September 2022Taiba Investments, Saudi Arabia announced in a statement that it has awarded an SR431 million ($115 million) contract to Saudi Arabian Construction Company for the construction of the Sheraton Taiba Hotel in Madinah.
A leading player in the kingdom, Taiba is a specialist in investing in real estate, tourism, mining, agriculture, and trade, as well as maintenance and operational activities.
The contract award comes in line with Taiba Investments’ vision to develop multiple real estate and hospitality projects, stated the company in its filing to Saudi bourse Tadawul.
On completion, the Sheraton hotel will feature two towers connected by a bridge at the upper level with public and dining areas, it added.
Related
-
Portugal to hold energy storage auction before January 2026
1 August 2025
-
Botswana signs MoU with Turkish firm for Mosetse–Kazungula–Livingstone rail project
1 August 2025
-
ENEC, Samsung C&T in deal to develop civil nuclear projects
30 July 2025
-
Top firms bid for Oman's Musandam Airport construction works
30 July 2025
-
CNCEC signed FEED+EPC contract for green ammonia project in Namibia
30 July 2025
-
Red Sea Petrochemicals, CNCEC sign framework deal for SCZone Project
29 July 2025