Al-Obaikan Group to Set Up Shopping Mall

TAIF, 21 August 2005 — Ahmed Al-Obaikan Group for Investments and Real Estate Development began establishing the first and largest residential tower in Taif at a projected cost of SR200 million. Ahmad Al-Obaikan, chairman of the group, said that the commercial project consists of a shopping center and a residential and business tower located in the heart of the city of Taif, reported Al-Eqtisadiyah newspaper.