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Prince Alwaleed Receives Baker Institute`s Founding Director to Discuss Economic & ME Issues

October 10, 2010

HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, Mr. Edward P. Djerejian, currently, the Baker Institute`s Founding Director. The meeting was also attended by Ms. Muna AbuSulayman, Secretary General of Alwaleed Bin Talal Foundation, Ms. Intisar Al Yamani, Executive Assist. Manager, Corporate Communications Dept. and Ms. Noor Al-Dabbagh, Assistant Executive Manager, Regional Projects


The meeting began with Prince Alwaleed greeting Mr. Djerejian, after which the two discussed issues of mutual interest pertaining to their respective countries. They also touched upon the current status of the US economy as well as the situation in the Middle East.

Moreover, Prince Alwaleed stressed the importance and vital need for furthering the dialogue between East and West. Mr. Djerejian commended Prince Alwaleed on his many efforts, given that HRH plays a significant role in bridging the gap between cultures and in developing economic, and social ties to promote peace and better understanding.

Mr. Djerejian updated Prince Alwaleed on the latest developments at the James A Baker III Institute. He also presented a new project to the Prince for his consideration and support. In response, Prince Alwaleed referred the project ideas to the Alwaleed Foundation for further research.

HRH has significant investments in the US through KHC in Citigroup, in the media and entertainment sector through News Corporation, Time Warner and Walt Disney, and in the hotel sector through Fairmont which is publicly traded on the New York Stock Exchange, and Four Seasons Hotels and Resorts, including The Plaza Hotel, New York. In addition to prestigious hotels in various US states.

Furthermore, HRH through Alwaleed Bin Talal Foundation has funded many cultural, educational and philanthropic projects globally; in 2008 HRH made a £16million endowment to create two new research centres for Islamic studies at the University of Cambridge and the University of Edinburgh, in 2005, HRH made a $20 million donation to Harvard University to create the University-wide Islamic Studies Program, a $20 million donation to Georgetown University to create the Center for Muslim-Christian Understanding, a $20 million donation to the Louvre in support of its collection of Islamic art. In 2004, Prince Alwaleed also made a $5 million donation to establish the Center for American Studies and Research (CASAR) at the American University in Beirut (AUB) and donated $10 million to finance both the construction of the Humanities and Social Sciences (HUSS) building in the new campus of the American University in Cairo (AUC), in addition, the Institute of Arab and Islamic Studies at the University of Exeter, UK, received a €1 million endowment from the Prince in 2003, and His Highness gave a $5 million gift to support Harvard Medical School’s research center in Dubai. He has also made donations to President George H.W. Bush Sr. Scholarship fund established by Phillips Academy, the Carter Center for Peace and the James Baker III Institute, Rice University. Moreover, HRH supported the Interfaith Conference of Metropolitan Washington D.C (IFC).