Wednesday, April 4, 2007

13th World's Richest Man To Build Hotel in the Philippines

(Yahoo Business News) - The Philippine president has hailed a deal by Saudi Prince Alwaleed bin Talal to invest $153 million in an upscale Manila hotel complex, saying more Arab investors should follow suit.

Prince Alwaleed, ranked 13th on Forbes' list of the world's richest men, visited Manila for a few hours late Monday to meet with Arroyo, Cabinet officials, and the country's leading property developer, Ayala Land Inc., Saudi Embassy officials said... full story here


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