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Formal Invitation from Portuguese Government to Prince Alwaleed

Formal Invitation from Portuguese Government to Prince

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of
Kingdom Holding Company, received at his office in Riyadh, HE Dr. Paulo Macedo,
Portuguese Minister of Health and an accompanying delegation that included HE
Mr. Antonio Botelho de Sousa Portuguese Ambassador to Saudi Arabia, Dr. Pedro
Reis, President of the AICEP - Portuguese Development Agency, Dr. Manuel
Brandao – AICEP, Dr. Luis Vitorio, Head of Cabinet of HE the Minister of Health
and Dr. Carlos Oliveira, Deputy Head of Mission, Economic Affairs. 

The meeting was also attended by Dr. Nahla Nasser Alanbar, Private
Executive Assistant to HRH the Chairman and Mr. Fahad Bin Saad Bin Nafel, Executive
Assistant to HRH the Chairman.

The meeting began as the Minister thanked Prince Alwaleed for the
meeting and conveyed warm regards from the government and people of Portugal to
the Prince. The two discussed economic and social issues referring to the
bi-lateral economic relations between Saudi Arabia and Portugal. Also on the
agenda of discussions were investment issues especially in light of Prince
Alwaleed’s local, regional and international investments in various sectors
such as banking, hotels, real estate and media. 

Moreover, Dr. Macedo referred to the long and strong friendship
Portugal has with Arab countries, and outlined investment opportunities in
Portugal, inviting HRH to visit his country. Furthermore, His Excellency
commended Prince Alwaleed on his achievements that have propelled the wheel of
economic development. In response, His Highness welcomed the idea to investment
in Portugal and promised to visit the country in the near future referring to
the warm friendship Saudi Arabia has with Portugal.

The Prince’s investments in Portugal through Kingdom Holding
include Citigroup in the banking sector and Four Seasons Hotel Ritz Lisbon in
the Hotel sector. 


Copyright 2007