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
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.
A Saudi-Chinese joint venture, the Chinese Competition Spirit company, is to establish a SR300m China Mart in Riyadh to showcase Chinese products ranging from furniture to ceramics.
It will be the first of a number of projects to be implemented by the new company established by Saudi businessman Sheikh Abdul Aziz Al Kridis and his Chinese counterpart Wei Shiming.
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