Taiba Investments Announces Saudi Arabian Construction company has been Awarded for construction of Sheraton Taiba hotel Project in central area of Madinah Munawarah,.
| Element List | Explanation |
|---|---|
| Introduction | In line of TAIBA Investment Vision developing multiple real-estate and hospitality projects, Taiba Investments has awarded the Main Work contract for execution of Sheraton Hotel in Madinah, in central area of Madinah Munawarah, plots No. 153&108 and the total area of (2005) m² |
| Date of the Award | 2022-08-31 Corresponding to 1444-02-04 |
| Contract Value | 430,748,900 Riyal
(excluding tax value) |
| Contract Details | A unique landmark five-star hotel consists of 2 towers connected with bridge at upper level having public area, dining facilities.
The total building floors are 19 including 4 basements, Ground floor lobbies, mezzanine and 13 typical floors which contains 435 keys as Standards rooms, (2) Royal Suits and retails. Parking facilities are provided in basement levels and restaurant allocated in mezzanine floor. |
| Related Parties | There are no third Parties |
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