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| Arabia |
| Prince Alwaleed reveals planned new investments in Saudi Arabia |
| 2018-03-21 |
| [ARABNEWS] Billionaire Saudi Prince Alwaleed bin Talal has revealed plans for a string of new investments in his first interview since being detained at the Ritz-Carlton in Riyadh. Speaking exclusively to Bloomberg Television, he said that life was now "back to normal" as he gave an intriguing inside account of his detention as part of the Saudi government’s high profile anti-corruption drive. The Kingdom Holding chief was one of the most high-profile figures to be detained at Riyadh’s Ritz-Carlton Hotel as part of a widespread anti-corruption drive. In a television interview with Bloomberg, a fast-talking Alwaleed said: "I am for the anti-corruption that took place in Soddy Arabia ...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face... . Now, unfortunately, I was added to that group. But fortunately, I’m out of it right now and life is back to normal." The prince, once dubbed the Warren Buffett of Saudi Arabia, was released from the Ritz-Carlton hotel in early January. He was among about 350 suspects rounded up since Nov. 4, including some of the Kingdom’s most senior businessmen. As a major investor in several global corporations, his detention sent shockwaves through boardrooms around the world. Now, after being released, he wants to reassure investors of continuity across his sprawling business empire. "I need to clear my name," he said. "And to clear up a lot of lies." Specifically, Alwaleed rejected claims that he was tortured, detained in a prison and was forced to abandon work on the world’s tallest tower under construction in Jeddah, and instead transfer workers to the recently announced Neom mega-project instead. |
| Posted by:Fred |
| #1 Got the message, did he? |
| Posted by: Snoluting Phomoth8901 2018-03-21 11:17 |