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Portuguese President Receives Prince Alwaleed in Algarve

August 21, 2017

HE Dr. Marcelo Rebelo De Sousa, President of the republic of Portugal received in Algarve City HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company, the meeting was attended by HE Mr. Augusto Santos Silva, Minister of Foreign Affairs and Mr. Manuel Carvalho, Ambassador of Portugal to Saudi Arabia.

The meeting was also attended by Ms. Hassna Alturki, Senior Executive Manager for International Relations to HRH the Chairman, Ms. Manal Alshammary, Senior Executive manager, Office HRH the Chairman and Mr. Mohammed Alfaraj, Manager, Travel & External Affairs.

The President and HRH touched upon the latest regional and international developments on the political, social and economical fronts. During the meeting, they discussed a number of topics related to the economic bi-lateral ties between Saudi Arabia and Portugal. Moreover, on the agenda of discussions were investment issues especially in light of Prince Alwaleed’s local, regional and international investments in various sectors. President De Sousa invited Prince Alwaleed to increase his investments in Portugal. 

Prince Alwaleed’s indirect investments in Portugal through Kingdom Holding Company include Citigroup in the financial sector, the Four Seasons Hotel Ritz Lisbon in the hotel sector and 32 hotels that are part of the Accor Group, i.e. Sofitel, Swissotel, Mercure and Ibis .