Prince Alwaleed, Indian ambassador discuss investment issues

Prince Alwaleed bin Talal, chairman of KHC, discusses investment issues with Ahmed Javed, ambassador of India to Saudi Arabia. The meeting was also attended by Ahmed Altobaishi and Ziyad Alomair, executive assistants to Prince Alwaleed.
Updated 21 October 2017
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Prince Alwaleed, Indian ambassador discuss investment issues

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received in his office in Riyadh Ahmed Javed, ambassador of India to Saudi Arabia. The meeting was also attended by Ahmed Altobaishi and Ziyad Alomair, executive assistants to Prince Alwaleed.
The meeting began as the ambassador thanked Prince Alwaleed for giving him the opportunity to meet with him, commending him on his local, regional and international investments. During the meeting, the ambassador expressed his government’s desire for Prince Alwaleed to further invest in their country. Prince Alwaleed discussed his investments through KHC in India that include the Four Seasons Hotel in Mumbai via Four Seasons management and Movenpick in Bangalore, in addition to Fairmont in Jaipur, Sofitel in Mumbai and 58 hotels through Accor, and in the banking sector through Citigroup.
In 2010, Prince Alwaleed visited Dharavi (North Mumbai, a slum over parts of Sion), Hajji Ali Mosque, Bhau Daji Lad Museum, Mani Bhavan, the residence of Mahatma Gandhi, and the Gateway of India. During the visit, Prince Alwaleed was received by Mukesh Ambani, chairman and CEO of Reliance Industries Ltd., at his residence. Moreover, during the visit Prince Alwaleed was received by Ratan N. Tata, chairman of TATA Group at the Taj Mahal Hotel.
In 2009, Prince Alwaleed had received Tata and hosted a dinner in his honor at Kingdom Resort in Riyadh. In 2005, Prince Alwaleed visited India where he met with former President A. P. J. Abdul Kalam at the presidential office.


Genesis G70 arrives in the Middle East

Updated 19 April 2018
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Genesis G70 arrives in the Middle East

Genesis has officially launched its compact G70 luxury sedan in Middle East markets, completing the brand’s core sedan lineup. Engineered as a dynamic car with strong appeal to younger customers and more enthusiastic drivers, the G70 joins the flagship G90 large sedan and mid-sized G80 and G80 Sport.

“Genesis has been very well received in the Middle East, and the Genesis G70 will be an exciting new chapter in our story,” said Altar Yilmaz, Genesis general manager for the Africa and Middle East region. “For many of our potential customers, this is the Genesis they have been waiting for.”

The arrival of the Genesis G70 in showrooms follows a previous display presentation at the Dubai International Motor Show in November 2017, where Genesis fielded a large number of inquiries about the car. With larger G80 and G90 models already growing a strong base of loyal customers, it is expected the compact model will add significantly to the brand’s appeal in the competitive Middle East luxury car market.

The G70 showcases the future direction of the Genesis brand’s “Athletic Elegance” design identity. 

“The G70’s interior is configured to prioritize an excellent user experience, with superb fit and finish throughout. The interior packaging reflects simplicity, with an emphasis on genuine functionality instead of gimmickry. A horizontal layout brings a sense of stability, with an intuitively laid-out switchgear and a comfortable, assertive sport steering wheel,” the carmaker said.

The G70 offers two powertrains in the Middle East region — a 3.3-liter V6 petrol turbo and 2.0-liter I4 petrol turbo.  The Lambda II 3.3-liter V6 turbo GDI engine is the heart of the enthusiast-focused G70 Sport, with 370 ps and maximum torque of 52.0 kg.m (510 N.m) 0 to 100 km/h acceleration in 4.7 seconds, and a top speed of 270 km/h.