Nov 11, 2012
Ruler of Fujairah Receives Prince Alwaleed at his Palace

Crown Prince of Fujairah Honors Prince Alwaleed

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) attended the inauguration of the 4th Gulf Tourism and Investment Forum on Tuesday November 20th 2012. The 2-day Summit was held at Le Méridien Al Aqah Beach Resort under the patronage of HH Sheikh Hamad Bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, UAE. HH Sheikh Mohammed Bin Hamad Bin Mohammed Al Sharqi, Crown Prince of Fujairah, UAE attended on behalf of Sheikh Hamad. During the forum the Crown Prince awarded Prince Alwaleed in recognition of HRH outstanding contribution to tourism and international, regional and local investments, in addition to honoring businessmen in various tourism sectors.

Prince Alwaleed attended the inauguration of the 4th Gulf Forum for Tourism and Investment and the inauguration of the forum exhibition, in addition to the dinner held in honor of the guests. Furthermore, HH Sheikh Hamad Bin Mohammed Al Sharqi received Prince Alwaleed in his palace. In conclusion to Prince Alwaleed’s visit to Alfujairah the Crown Prince bid him farewell at Fujairah International Airport.

The Gulf Tourism and Investment Forum is an economic event dedicated to the promotion of investment and tourism in the GCC countries, which is considered as one of the programs and activities carried out by the Secretariat General of the Federation of Gulf Cooperation Council Countries Chambers (FGCCC), in collaboration with the chambers of commerce and industry in the hosting countries. This Forum comes in a phase that is witnessing a remarkable increase in the regional and international tourism movement towards this part of the world, accompanied by a Tangible development in terms of tourism investment/movement during the past two years, following a period of recession that hit the region as well as the rest of the world, owing to the world financial crisis.

Prince Alwaleed was accompanied by a delegation that included Mr. Salah Alhujailan, Legal Advisor to HRH the Chairman, Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department, Dr. Nahla Nasser Alanbar, Private Executive Assistant to HRH the Chairman, Ms. Hassna F. Alturki, Department Head, Travel & External Affairs, Mr. Husam A. AlSuliman, Executive Assistant to HRH the Chairman and Mr. Naief Alzuhair, Website and Social Media Manager.

In October 2012, Prince Alwaleed attended the Forbes Global CEO Conference that took place in Dubai, UAE, with Mr. Steve Forbes, Chairman and Editor-in-Chief of Forbes Media. The event was also attended by HH Princess Ameerah Al-Taweel, Vice Chairwoman and Secretary General of Alwaleed Bin Talal Foundation that is chaired by Prince Alwaleed. Prince Alwaleed participated in an invigorating session titled “A Meeting of Minds: A conversation between Prince Alwaleed and Mr. Steve Forbes.” The session topics revolved around the global economy, KHC and Prince Alwaleed’s investments locally, regionally and internationally, as well as his view on investment strategy, and leadership

In March 2010 and 2011, Prince Alwaleed attended the inauguration of the Abu Dhabi Media Summit under the patronage of HH Sheikh Mohammed Bin Zayed Al Nahyan. The event was attended by HH Sheikh Saif Bin Zayed Al Nahyan, UAE Minister of Interior on behalf of the Crown Prince of Abu Dhabi, HE Muhamed Khalaf al Mazrouei, Chairman, The Abu Dhabi Media Company, Mr. Rupert Murdoch, Chairman and CEO of News Corporation (News Corp.). It is to be noted that Newscorp is an investor in Rotana Group that is chaired by Prince Alwaleed. Moreover, Newscorp owns %19 stake in Rotana.

Prince Alwaleed’s investments in the UAE through KHC consist of Citigroup in the financial sector and in the hotel sector through Fairmont Bab Al Bahr in Abu Dhabi, Fairmont Dubai, Fairmont The Palm Dubai, one Raffles hotel in Dubai and four Movenpick hotels: Movenpick Bur Dubai, Movenpick Deira, Movenpick Dubai Ibn Battuta and Movenpick Jumeira Beach.

Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in July 2007.  KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region and internationally. KHC’s portfolio has its main interests in local and international investments that include landmark hotel properties, hotel management companies, real estate, financial services, technology, media, entertainment, retail, agriculture, petrochemicals and aviation.

Landmark hotel properties include the George V in Paris, the newly renovated Fairmont Plaza in New York City and The Savoy in London, in addition to the Fairmont in San Francisco and Four Seasons in Toronto.

Hotel Management Companies include the following world-renowned brands: Four Seasons Hotels & Resorts, Fairmont Raffles Hotels (which include Fairmont, Raffles and Swissotel) and Mövenpick Hotels & Resorts.

KHC’s local investments include publicly listed companies such as Saudi Research and Marketing Group (SRMG), TASNEE (National Industrialization Company) and privately owned entities as National Air Services (NAS), Kingdom Hospital, Consulting Clinics, Kingdom City, Kingdom Centre including the Four Seasons Hotel Riyadh, Kingdom Schools. KHC has two significant real estate developments, one in Jeddah aggregating 5.3 million sqm and over 1000m tower, and the other in east of Riyadh aggregating 16.7 million sqm.

Moreover, the Company’s international investment portfolio contains many blue-chip companies including Citigroup, News Corporation, Twitter, Time Warner, Apple Inc, Walt Disney Co., Disney Land, Paris and others.  In addition to its public company activities, KHC is also extremely active in the area of private equity in Saudi Arabia and developing markets within the Middle East, Africa and Asia.