The joint venture will help improve the quality of hotels in Madinah, by reflecting the highest international standards and the special character of the city, all in accordance with the objectives of Vision 2030, including to develop religious tourism and enhance quality of life in the Kingdom.

Congratulations to our client and Taiba on reaching this important step.

The AS&H Clifford Chance team was led by Partner and Head of Corporate and Real Estate Majid Al-Sheikh, Partner Sahel Mughal and Senior Associate Muhammad Ansab, together with Senior Associate Fares AlMasri and Associate Leen Kayali.

This significant milestone proudly continues our firm's track record of advising on major joint ventures and real estate projects in the Kingdom.

Our firm continues to be recognised for its leading position in the Saudi market, with our corporate and real estate practices being ranked as Band 1 across all major legal directories, such as Chambers, Legal 500 and IFLR1000.