Prince Waleed to build 3 hotels in Pakistan Prince Al-Waleed said that Pakistan’s economy was passing through a golden age, with the World Bank, International Monetary Fund and other independent organisations sending positive signals about the economic growth.
ISLAMABAD: Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud, Forbes magazine’s fifth richest man, on Monday announced that his company would build three world-class hotels, possibly in Islamabad, Lahore and Karachi. He said this while addressing a joint press conference with Prime Minister Shaukat Aziz.
The chairman of the Kingdom Holding Company has assets worth $23.7 billion, with ownership or shared ownership of up to 250 hotels in 105 various countries and five continents. Earlier, in the course of 10 different presentations chaired by the prime minister, the prince showed special interest in the telecommunication, media and tourism sectors. Announcing a partnership with Pakistan, he said future investments in the tourism sector would depend on a feasibility report, to be prepared by his company within two months.
Prince Al-Waleed said that Pakistan’s economy was passing through a golden age, with the World Bank, International Monetary Fund and other independent organisations sending positive signals about the economic growth. He observed that Pakistan was destined to become a second Malaysia if it continued its current economic policies. staff report |
