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The Kingdom Holding Company owns total assets of $20.3bn, according to the Forbes Magazine. ‘We are committed to strengthen our position in Indonesia. We have been looking for certain opportunities in the hotel industry that we hope to materialize in coming months,’ said Prince Awalid bin Talal bin Abdulazizal Saud, the world’s 13-richest man

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Others said that Indonesia is among the most beautiful multi-faceted and fascinating holiday destinations in the world. It offers beautiful beaches for swimming, trekking tours through spectacular volcanic landscapes, one of the most beautiful golf courts and diving in unique underwater worlds.

Saudi plans to build aerospace industry

Posted on 10/12/2008 04:45:00 PM No Comments
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BAE Systems has also been involved in orchestrating the establishment of new industries in the kingdom through an economic offset programme since 1985. The latest memorandum of understanding involves UK support for the development of a regional defence centre of excellence.

Unlike US and French defence procurement arrangements with the kingdom, the Al Yamamah deals though have not included offset contractual obligations. BAE Systems as the prime UK contractor has undertaken to use its best endeavours to achieve investment targets. Whether or not this will be sufficient in future remains to be seen, since the proposal to build Typhoon aircraft in the kingdom raises any new deal to a whole new level.

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