Which part of the country in Philippines is Prince Al Waleed investing in hotel industry ?
(It hasn’t started yet.) Investment of Saudi prince a vote of confidence for the country By Sam Mediavilla, Reporter President Arroyo on Tuesday expressed joy over the decision of Prince Al-Waleed of Saudi Arabia to invest in the Philippines particularly in the tourism industry. Mrs. Arroyo branded the said investment in the country of Al-Waleed’s group as a vote of confidence from the Middle East, which is a bastion of national interest for Filipinos because of the presence of more than a million overseas Filipino workers in Saudi. She announced the Saudi Prince had visited Malacañang following his meeting in Makati City, where Al-Waleed expressed interest to expand business opportunity in the Philippines particularly in tourism-related businesses. Al-Waleed is a member of the Saudi Royal Family and ranked by Forbes as the 8th richest man in the world and the richest Arab with net worth asset estimated at US$20 billion in 2006. The President recalled Al-Waleed’s visit to the country w
