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Waleed, Fairmont, USD1.5bn JV
- Saudi Arabia: Monday, December 27 - 2004 at 10:56
Saudi investor Prince Al Waleed, Fairmont hotels and the Bank of Scotland have signed a USD1.5bn joint venture to invest in hotels in Europe. A statement from the Prince's Kingdom Hotels International said the three partners anticipated equity contributions of up to USD390m.
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Peter J. CooperMonday, December 27 - 2004 at 10:56 UAE local time (GMT+4)
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