Le prince saoudien Al-Walid veut bâtir une tour de 1000 mètres
TRIBUNE DE GENÈVE: RYAD | La course se poursuit dans le Golfe. Alors qu'une tour de 828 mètres vient d'être inaugurée à Dubai, l'Arabie pourrait bien dépasser largement l'émirat...

Le prince milliardaire saoudien Al-Walid ben Talal a annoncé lundi que son groupe, Kingdom Holdings, préparait des investissements dans l’hôtellerie et l’immobilier, y compris une tour d’un kilomètre de haut dans la ville portuaire saoudienne de Jeddah.

Si cette tour voit le jour, elle battra en hauteur la tour Khalifa de Dubaï, haute de 828 m, et qui a été inaugurée le 4 janvier.

Le prince, l’une des plus grosses fortunes du monde, a indiqué avoir transféré 180 millions de ses actions dans Citigroup au Kingdom Holdings, soit 597 millions de dollars, pour financer les nouveaux investissements. >>> AFP | Lundi 11 Janvier 2010

Saudi Money Is Finite after All!
The history attached to Raffles Hotel may lure buyers at $450m. Photo courtesy of TimesOnline
TIMESONLINE: A byword for colonial grandeur, and a favourite watering hole of such literary luminaries as Somerset Maugham, Joseph Conrad and Rudyard Kipling, Raffles Hotel, home to the Singapore Sling cocktail, has been put up for sale for up to $450 million (£300 million). Apparently, the hotel's owner, Prince Alwaleed of Saudi Arabia, is feeling the pinch.

The Times understands that Fairmont Raffles Hotels International, in which the Prince's Kingdom Holding Company (KHC) has a controlling stake, is seeking buyers for its remaining hotel assets, despite the depressed state of the property market, and it is understood he may even be prepared to sell his stake in the company itself.

Hotel industry sources believe that the Prince, dubbed the Warren Buffett of the Gulf, is looking at a range of disposals in response to the sharp fall in value of some of his biggest investments. KHC has seen a big drop in the value of its investments in companies including Songbird Estates, the majority owner of Canary Wharf, Euro Disney and News Corporation, parent company of The Times. Kingdom Hotel Investments, a small London-listed vehicle in which he has a 55 per cent stake, has lost more than two thirds of its value in the past 12 months. Raffles Hotel Put On Market as Prince Alwaleed Attempts to Stop Wealth Draining Away >>> Dominic Walsh | Thursday, April 16, 2009