Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), has met with Eric Schmidt, executive chairman of Google, at The Savoy Hotel in London to discuss business and economic issues.
Kingdom Holding is developing the Kingdom City project in Jeddah, which will include Kingdom Tower, the tallest building in the world when complete.
Prince Alwaleed and Schmidt held a lunch meeting in the presence of Prince Khalid bin Alwaleed and Shadi Sanbar, KHC’s executive director and CFO and member of the investment committee.
They also discussed Prince Alwaleed’s investments in the US in light of being the largest individual foreign investor there.Future potential business cooperation between KHC and Google in the technology field was among issues discussed in the meeting, it was reported.
Prince Alwaleed has significant investments in the US in the financial sector via Citigroup, in the media and entertainment sector through News Corporation, Time Warner and in the hotel sector through the Fairmont New York Plaza, one of New York’s most distinctive landmarks, Four Seasons hotel via the management of Four Seasons Hotels and Resorts, in which KHC holds a 47.5% interest, and in the social media and technology sector via Twitter.
Via : Constructionweek Online
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