Taiba Holding announces the acquisition of a plot of land in Jeddah by Arab Tourism Areas Company (Arak)

Taiba Holding announces the acquisition of a plot of land in the city of Jeddah, located on Al-Andalus Road, north of Tareq Bin Ziyad Square (formerly the shipyard) near the intersection of King Abdullah with the road of Andalusia with an area of 8,759.43 square meters, with a value of 98,762,573 riyals, which was self-financed by Arak, where Arak intends to establish a five-star hotel and five-star hotel suites.