Wednesday 31 January 2018

For Saudi tycoons freed from detention, cheers and a business challenge

For Saudi tycoons freed from detention, cheers and a business challenge:

"Cheering supporters greeted Saudi Arabian billionaire Prince Alwaleed bin Talal when he arrived at his skyscraper offices in Riyadh after his release from detention in an anti-corruption crackdown.

But he and other tycoons freed from a luxury hotel in the Saudi capital face a challenge to get back into the swing of running their financial empires in the uncertainty hanging over the business community since their detention in early November.

 Their ability to do so could impact Saudi Arabia’s attempts to lure investors to big projects, an important part of Crown Prince Mohammed bin Salman’s grand vision to transform the kingdom and reduce its dependence on oil."



'via Blog this'

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