RIYADH, 21 August 2007 — Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), visited Bridgetown, capital of Barbados, on Aug. 11, 2007, and met with the Acting Prime Minister Mia Amor Mottley.
Bilateral relations between Saudi Arabia and Barbados, including a number of social and economic issues between the two countries were discussed during the meeting.
Mottley commended Alwaleed on his humanitarian efforts and his role in helping economic development around the world.
Alwaleed also held meeting with Tourism Minister Noel Lynch which revolved around investment opportunities in the tourism sector in Barbados.
The Saudi prince’s current investments in Barbados are in the hotel sector through Fairmont Royal Pavilion resort, which has been described as “The Jewel in the Crown of Barbados” and Four Seasons hotel that is under construction and expected to open in three years.
Situated just east of the Caribbean Sea, Barbados is an independent island nation in the western Atlantic Ocean and lies in the southern Caribbean region. The economy of Barbados had been dependent on sugarcane cultivation and related activities, but in recent years it has diversified into the manufacturing and tourism sectors.
