Sep 23, 2012
French President Hollande & Prince Alwaleed Meet in Paris

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) met HE French President François Hollande, recently in Paris. The meeting was attended by HH Princess Ameerah Al-Taweel, Vice Chairwomen and Secretary General of Alwaleed Bin Talal Foundation that is chaired by HRH, HE Dr. Mohammed bin Ismail Al Al-Sheikh, Saudi Ambassador to France, Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department and Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman.

During their meeting Prince Alwaleed and Mr. Hollande discussed various general issues, and the current status of the global economy. They also discussed Prince Alwaleed’s investments in the France, and the social and economic bi-lateral relations between their respective countries.

In May 2011, in response to an invitation from the former President Nicolas Sarkozy of #France who presided the G8 Summit for 2011, Prince Alwaleed attended the e-G8 forum that was held the eve of the G8 Summit.

Prince Alwaleed’s presence in France is also via His Highness’s investments through KHC; topping the list of HRH’s investments in France are the George V Hotel, and Euro Disney Paris. Furthermore, the Le Royal Monceau one of the top luxury hotels in Paris, owned by Qatar and was refurbished and opened in 2010 is managed by Raffles. Moreover, KHC is a partner with Qatar in Fairmont Raffles.

The Four Seasons Hotel George V was ranked Best City Hotel Worldwide in the 2012 Gallivanter’s Guide for 10 consecutive years. Prince Alwaleed acquired the George V in 1996 for $178 million. A two-year $125 million comprehensive renovation was started in December 1997. The total cost of acquiring the hotel and renovation amounted to $303 million, reflecting the Prince’s dedication to restore the glory of this landmark.

In 2006, Prince Alwaleed was bestowed the medal of “Legion of Honor,” with the rank of Commander by the former French President, Jacques Chirac during an official ceremony held at the Élysée Palace. The medal is the country’s highest civilian honor, and it was bestowed to the Prince in recognition of his role in strengthening Saudi-French cultural, business and economic relations. In 2007, HRH was awarded the “Golden” medal by the French Minister of Culture and Communication.