Taiba Investment Company announced on May 18, 2026 the completion of a final partnership agreement with Osool Integrated Real Estate Company to establish a special-purpose company for developing and operating three hotels in Al Madinah's central area. The total investment is estimated at SAR 2,400,000,000, with Taiba contributing SAR 300,000,000 to supervise the development and operation of 1,500 hotel rooms under local and international brands. The project aligns with Taiba's strategic expansion in the Kingdom's hospitality sector and Saudi Vision 2030, with financial impact expected to begin in 2029 upon completion of hotel preparations for operation.

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