Saudi Prince to Build 3 Hotels in Pakistan

Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud, Forbes magazine’s fifth richest man, on Monday announced that his company would build three world-class hotels, possibly in Islamabad, Lahore and Karachi. He said this while addressing a joint press conference with Prime Minister Shaukat Aziz. The chairman of the Kingdom Holding Company has assets worth $23.7 billion, with ownership or shared ownership of up to 250 hotels in 105 various countries and five continents.