Prince Alwaleed Receives British Minister of State for Trade & Investment
October 8, 2013
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) received in his office in Riyadh Lord Green, Minister of State for Trade & Investment and an accompanying delegation that included HE Sir John Jenkins, British Ambassador to Saudi Arabia. The meeting was also attended by Mr. Mohammed Fahmy, KHC’s Deputy CFO, Ms. Heba Fatani, Senior Executive Manager, Corporate Communications Department, Dr. Nahla Alanbar, Private Executive Assistant to HRH the Chairman, Ms. Intisar Al Yamani, Executive Manager, Corporate Communications Department and Mr. Fahad Bin Saad Bin Nafel, Executive Assistant to HRH the Chairman.
The meeting began with the Minister thanking Prince Alwaleed for giving him the opportunity to meet him. The meeting touched upon the importance of the long established Saudi-British relationship and the efforts made by both countries to maintain it. They also discussed a number of general local, regional and international issues and Prince Alwaleed’s investments through KHC in the UK .
Prince Alwaleed’s investments through KHC in the UK include ownership of 50% in The Savoy hotel that is managed by Fairmont in which KHC owns a 38% stake in, Canary Warf in the real estate sector and Citigroup in the financial sector. In addition, other investments include a 47.5% interest in the Four Seasons Hotels and Resorts is equally co-owned by the billionaire Bill Gates’ Cascade, and 5% of the Four Seasons is owned by Isadore Sharp founder of the Four Seasons; which manages 3 hotels; London at Park Lane, London at Canary Wharf and the third in Hampshire.
In 2013, Prince Alwaleed received in his office in Riyadh a British delegation from the UK Embassy in the Kingdom of Saudi Arabia. In the same year, Prince Alwaleed received in his office in Riyadh the Duke of Westminster Major-General Gerald Cavendish Grosvenor and an accompanying delegation that included Mr. Andres Piennar, Advisor, Defense and National Rehabilitation Centre (DNRC) Ms. Kate Macgowan, Advisor, DNRC and Ms. Katherina Murphy McClintic, DNRC.
Also in 2013, Prince Alwaleed received HE Mr. Nick Baird, Chief Executive of UK Trade & Investment (UKTI) and an accompanying delegation. Moreover, Prince Alwaleed received HRH Prince Charles, The Prince of Wales at His Highness’s Palace in Riyadh in March 2013. In February 2013, Prince Alwaleed visited 10 Downing Street in Westminster, London and was received by British Prime Minister David Cameron. The meeting was also attended by Lord Green, Minister of State for Trade & Investment. In 2012, Prince Alwaleed received The Rt Hon. Lord Mayor of the City of London, Alderman David Wootton at his office in Riyadh and an accompanying delegation.
In 2011, Alwaleed Bin Talal Foundation-Global (Registered in Lebanon) that is chaired by Prince Alwaleed announced a donation of £1 million to Turquoise Mountain towards an endowment that will sustain Turquoise Mountain Foundation over 15 years. The Turquoise Mountain Fundraising Dinner was held at Clarence House and was hosted by HRH Prince Charles. During the event, the Turquoise Mountain Foundation, Afghanistan, displayed handcrafted objects created by trainees at the Institute for Afghan Arts and Architecture. In recognition to this and previous support, a building will be named after “HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud”. The institute sits in the heart of the Old City. It is made up of buildings with nearly 200 years of history, and which represents the history and culture of Afghanistan.
In 2011, HRH Prince Philip Duke of Edinburgh who is Chancellor of the University of Cambridge and the Vice-Chancellor, Professor Sir Leszek Borysiewicz, formally opened the HRH Prince Alwaleed Bin Talal Centre of Islamic Studies at the University of Cambridge. During the opening ceremony the Chancellor Prince Philip awarded the 800th Anniversary Medal for Outstanding Philanthropy to Prince Alwaleed.
In 2010, HRH Prince Charles and HRH Prince Alwaleed inaugurated The Savoy hotel one of KHC’s major investments in the United Kingdom. In June 2010, Prince Alwaleed was received by Prince Charles, at Clarence House during their visit to the UK. In the same year, Prince Alwaleed was awarded an Honorary Degree of Doctor honoris causa from the University of Edinburgh in a ceremony at the Signet Library, Parliament Square, and also inaugurated the Prince Alwaleed Bin Talal Centre for the Study of Islam at Edinburgh University. The degree was conferred by HRH Prince Philip. The Duke of Edinburgh is Chancellor of the University of Edinburgh and the University of Cambridge.
In 2008, HRH made a £16 million endowment to create two new research centres for Islamic studies at the University of Cambridge and the University of Edinburgh (£8 million for each university). The new centers carry out both research and public engagement designed to enhance understanding between the Muslim world and the West. In 2002, the Prince made a £1 million endowment to the Institute of Arab and Islamic Studies at the University of Exeter.
His Highness had received the Duke of York in 2007 and 2009. Furthermore, Prince Alwaleed had received the Prince of Wales at Kingdom Resort in Riyadh in 2006 and the Prince visited Highgrove in 2005. Prince Alwaleed also met with Prince Charles in 2003 during the GCC Polo Cup event at The Guards Polo Club in Windsor when Her Majesty Queen Elizabeth presented Prince Charles’s team with the trophy, jointly with Prince Alwaleed.