2003 News Story

Crown Prince urges Saudi businessmen to invest in homeland

Deputy Prime Minister and Commander of the National Guard Crown Prince Abdullah bin Abdulaziz has urged Saudi businessmen who invest overseas to consider giving their homeland priority for investment. Crown Prince Abdullah was attending the inauguration of seven investment projects worth over SR 3 billion [U.S. $ 0.8 billion] that are being developed by the Kingdom Holding Company. In his address, the Company's Chairman Prince Waleed bin Talal bin Abdulaziz asserted that Saudi Arabia will always enjoy security and stability, and urged those in charge of the projects to increase their efforts to hire Saudis for the jobs available.