A Saudi prince reportedly is interested in building a Tel Aviv beachfront hotel. Yediot Achronot reported Thursday that Saudi Prince Al-Walid Bin Talal has submitted plans to the Tel Aviv Municipality for an eight-story, 150-room hotel. The project reportedly would involve two architects, one Saudi and one Israeli, as well as funding from the Abulafias, a prominent Jaffa Arab clan. The Tel Aviv Municipality had no immediate comment.
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