Delegates, lead by Prince of Saudi Arabia Alwaleed Bin Talal Alsaud and Princess Amira, paid one day visit to Mongolia on Tuesday evening, March 18, 2008 and departed yesterday. He is visiting to the Asian countries. During his stay in Mongolia, he attended to the President of Mongolia and met with The Prime Minister of Mongolia.
Prince said that his main purpose is to invest in Mongolia, especially in tourism industry. The President replied “Tourism is one of the main industry of Mongolia. It is important to develop infrastructure in countryside and build power stations.” The President also granted his award of the Honorable Medallion of the 800th anniversary of the Great Mongolian State.
Prince was born in March 7 1955 and well known t the public with his name of Alwaleed. Also he is the member of the King’s family. He made his fortune through investment and equity business. His fortune was evaluated as 21.5 billion US$ according to Forbes and he is listed on the 13th in the list of riches. He is also called as the Arabian Warren Buffet.