Saudi Prince Alwaleed’s “Kingdom Holding” Interested In Investing In Greece

Prince Alwaleed bin Talal, founder and chairman of Kingdom Holding Company.

Saudi Arabia-based private investment firm Kingdom Holding Company intends to invest in Greece it was announced on 12 February.

The announcement came directly from the founder and chairman of the company Prince Alwaleed bin Talal during a meeting with Greek Tourism Minister Olga Kefalogianni.

Mrs. Kefalogianni is currently on an official visit to Saudi Arabia.

During the meeting, the Greek tourism minister presented the main priorities of Greece’s new tourism policy that includes simplified procedures to boost tourism entrepreneurship.

Greek Tourism Minister Olga Kefalogianni discusses with Saudi Arabia’s second deputy prime minister Prince Muqrin bin Abdulaziz who is second in line to the throne and has the third most important position in the hierarchy of power in the kingdom, after the king and crown prince.

It is noted that the meeting was held following the contact Greek Prime Minister Antonis Samaras had made with Prince Alwaleed bin Talal to attract investment from the Arab world to Greece. Kingdom Holding Company has investment activities  worldwide.

Earlier, Mrs. Kefalogianni met with Saudi Arabia’s second deputy prime minister Prince Muqrin bin Abdulaziz and explored possibilities to establish a direct air link between Greece and Saudi Arabia. A number of issues were also discussed concerning Greece and Saudi Arabia’s tourism cooperation.

Greek documentary & exhibition

The Greek tourism minister also met with the Minister of Culture and Information, Dr. Abdulaziz bin Mohieddin, and discussed the launch of actions in the media and the field of culture.

More specifically, the two sides discussed the production of a Greek documentary to broadcast in Saudi Arabia and the possibility of organizing joint exhibitions in Riyadh and Athens in which the cultural heritage of both countries would be highlighted.