Saudi Prince plans to invest 5.5 billion dollars in Turkey

Saudi-Arabian Prince Alwaleed Bin Talal arrived in Turkey in order to research investment opportunities and met with President Gul and Prime Minister Erdogan. Talal is planning on making a 5.5 billion dollar investment.

Listed as the fifth richest businessman in the world according to Forbes magazine, Saudi Arabian Prince Alwaleed Bin Talal recently arrived to Turkey in order to research investment possibilities. Prince Talal first went to the Cankaya Palae to meet with President Abdullah Gul followed by a visit paid to Prime Minister Erdogan in the Prime Ministry Residence. According to sources, the prince intends to spend 5.5 billion dollars in investments in Turkey. According to the media, which also took a strong interest in the Prince’s visit, Talal spoke with both President Gul and Prime Minister Erdogan regarding his investment plans. Talal later left Ankara for Lebanon. 

RESEARCHING POSSIBILITIES 

Known as one of the biggest international investors, Talal, according to sources, obtained information on investment opportunities and shared certain plans with his hosts. Talal, who is a major partner in the hotel chain Four Seasons as well as Movenpick, also owns a number of television and broadcast organs for the Middle East. According to information obtained, Talal, Citigroup’s single-most largest individual investor, has taken a special interesting Turkey.

Meanwhile, President Abdulah Gul’s Iraq Advisor Prof. Dr. Ersad Hurmuz met with ambassadors from Arab nations in the Cankaya Palace. If Gul’s directives are realized then during the meeting, mutual investment opportunities will be discussed including drawing the Arab market to Turkey.