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Saudi Prince “Alwaleed bin Talal” enjoys and promotes Sharm after major investment

High profile Saudi Arabian Prince and major investor Prince Alwaleed bin Talal visited Sharm el Sheikh recently. This comes so soon after the Prince’s company Kingdom Holding Co., which he holds 95% of, sealed the deal with Egyptian businessman Hisham Talaat Mostafa to expand the Four Seasons Resort in Sharm.

The 62-year-old was seen relaxing and having fun on the beaches and mountains of Sharm.

Flocked by what seems to be a massive security team, the prince enjoyed the good life during the weekend.

The ever-active prince climbed mountains, water skied, biked and enjoyed some friendly volleyball during his stay.

Even though a small bit of business got in the way, the prince seemed to enjoy his time at the tourist city. Even taking time to take photos with locals and foreigners alike, as well as receive a standing ovation and goodbye from staff at the Four Seasons Resort.


Princely Tourism Promoter

Shortly after his departure from the city, the prince posted on his official Twitter page the video about his small vacation. The prince encouraged visiting Sharm el Sheikh, stating that “Egypt will remain safe for tourism & investments.”


The prince, who owns major stakes in the luxury hotel management company Four Seasons Hotels & Resorts, seems to truly enjoy Sharm. Kingdom Holding Co. recently finalized a deal with the Talaat Moustafa Group to invest an additional 7 billion EGP ($380 million) to Sharm’s Four Seasons Resort.

Read More at  ➤ Largest Four Seasons Resort in the world? Only in Egypt

The deal focused on increasing the tourism rates in Sharm, which will hopefully increase it across the country as well.

The Saudi Arabian prince is the principal holder and owner of Kingdom Holding Co. The company owns stakes in social media platform Twitter, a majority of Rotana, owns the landmark Savoy Hotel in London, and recently acquired a 7% stake in Careem for approximately $62M.

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