Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received in his office in Riyadh Ahmed Javed, ambassador of India to Saudi Arabia. The meeting was also attended by Ahmed Altobaishi and Ziyad Alomair, executive assistants to Prince Alwaleed.
The meeting began as the ambassador thanked Prince Alwaleed for giving him the opportunity to meet with him, commending him on his local, regional and international investments. During the meeting, the ambassador expressed his government’s desire for Prince Alwaleed to further invest in their country. Prince Alwaleed discussed his investments through KHC in India that include the Four Seasons Hotel in Mumbai via Four Seasons management and Movenpick in Bangalore, in addition to Fairmont in Jaipur, Sofitel in Mumbai and 58 hotels through Accor, and in the banking sector through Citigroup.
In 2010, Prince Alwaleed visited Dharavi (North Mumbai, a slum over parts of Sion), Hajji Ali Mosque, Bhau Daji Lad Museum, Mani Bhavan, the residence of Mahatma Gandhi, and the Gateway of India. During the visit, Prince Alwaleed was received by Mukesh Ambani, chairman and CEO of Reliance Industries Ltd., at his residence. Moreover, during the visit Prince Alwaleed was received by Ratan N. Tata, chairman of TATA Group at the Taj Mahal Hotel.
In 2009, Prince Alwaleed had received Tata and hosted a dinner in his honor at Kingdom Resort in Riyadh. In 2005, Prince Alwaleed visited India where he met with former President A. P. J. Abdul Kalam at the presidential office.
Prince Alwaleed, Indian ambassador discuss investment issues
Prince Alwaleed, Indian ambassador discuss investment issues
Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah
Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.
The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.
The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.
The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.
Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.
During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.
The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.
The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.
This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.
Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.
