Home / News / Prince Alwaleed Visits Azerbaijan

Prince Alwaleed Visits Azerbaijan

August 18, 2014

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) visited the capital city Baku in the Republic of Azerbaijan. His Royal Highness visited and surveyed two of KHC managed hotels, Four Seasons Baku and Fairmont Baku, Flame Towers.   


During the visit Prince Alwaleed met with the Mayor of old Baku. Moreover, Prince Alwaleed visited the cultural museum, President Heydar Aliyev Center and toured the old town, where His Royal Highness praised the mixture of the authenticity and modernity of the city.


Prince Alwaleed had visited Azerbaijan previously and met with  HE Ilham Aliyev President of Azerbaijan and they discussed political, investments, economic and social issues.


Moreover, Price Alwaleed and HE the president have a great relationship, in which His Excellency and His wife the First Lady have attended in 2012 the inauguration ceremony of the of Islamic art center at the Louvre museum, that was inaugurated by President François Hollande of France. Prince Alwaleed through the Alwaleed Bin Talal Foundation donated US$20 million to arise the Islamic art center at the Louvre.  


KHC was founded in 1980 and become publicly traded and listed on Tadawul (the Saudi Stock Exchange) in 2007.  KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. The Company is recognized as one of the largest foreign investors in the United States. KHC’s portfolio has its major interests in investment categories ranging from luxury hotels management companies (Four Seasons Hotels and Resorts, Fairmont Raffles Holding, Mövenpick Hotels, and Swissotel), real estate (Kingdom Tower and project in Jeddah and Kingdom Riyadh project) to hotel real estate investments such as (The Plaza, New York, Savoy Hotel, London and Four Seasons, George V Hotel, Paris and other hotels). KHC also has investments in Petrochemical (Tasnee), Media and Publishing (News Corporation, Fox, and Saudi Research & Marketing Group), as well as in Entertainment (Euro Disney – Paris). In addition, Finance and Investment services (Citigroup), Social Media and Technology (Twitter and Jingdong). The Company has investments in Education (Kingdom Schools), Health Care (Medical Services Projects Company), and Aviation (NAS Saudi Arabia).