Some countries, like Saudi Arabia, where the population growth is very high, whereby you don’t have the mortgage low yet. Still the demand outstrips supply by much.
AL-WALEED BIN TALALIn Riyadh, there’s going to be a huge project that will house at least 12,000 units with inhabitants of approximately 150,000 people.
More Al-Waleed bin Talal Quotes
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You know, in Saudi Arabia, there is a body of 40 people – 34 people exactly, that once the succession comes, they will meet and they will elect a king in there.
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Saudi Arabia has stability. The social contract and the political contract between the king and the rulers and the royal family and the ruled people in Saudi Arabia is very strong and the bondage is so solid.
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Actually, King Abdullah, under his supervision and guidance, has established a dialogue in Saudi Arabia whereby all the population.
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Our Palestinian brethren continue to be slaughtered at the hands of Israelis while the world turns the other cheek.
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One of my biggest personal holdings is Rotana. That company has a very dominant force in the Middle East.
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I definitely believe that the so-called American decline is greatly exaggerated.
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I’m not panicking, and I’m not scared, I’ve been through the Gulf War, the Asia crisis, and the Russian crisis.
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But more important since 1967 when the war was, ended in the defeat of some Arab countries.
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Well, clearly Apple is a role model of the American innovation whereby it produced all these products – iPod, iPhone, iPad – that are really now dominating all the technology arena in the world.
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My own center, my Kingdom Center, which is the highest priced tower in Saudi Arabia, was vacated twice because of terrorist attacks, terrorist threats.
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So, if you look at what’s common among some of the companies I have, including the Four Seasons, NewsCorp, George V, the Plaza, these are all irreplaceable brands in their own fields.
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I own almost 100 hotels in North America. Some of them are only in management, but some of them we have some small stakes in them.
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If I’m going to do something, I do it spectacularly or I don’t do it at all.
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Most governments are pragmatic, most people are logical.
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In the U.S. and in the Muslim world. But we have to fight them with reason, with logic and with compassion.
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