Saudi Prince Al Waleed Retains Top Spot On 2011 Arab Rich List
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Sunday, Dec 18, 2011
DUBAI (Zawya Dow Jones)–Saudi billionaire Prince Alwaleed bin Talal Al Saud for the eighth consecutive year topped the Arabian Business Rich List, as overall wealth of the world’s 50 wealthiest Arabs rose nearly 5% to $257 billion despite global economic gloom and a year of unprecedented popular unrest in parts of the Middle East.
Saudi citizens continue to beat the global recession and increase their wealth in the last 12 months.
Our view on this is that they are investing in order to increase the fortunes and therefore should be a heads up to those seeking business to redouble their efforts in the region.
IFS will be active in the kingdom in the next 6 months with an expected trip to meet business partners in January and February 2012