Prince Alwaleed, who established the Kingdom Hotel Investment Group, is recognised as a global player in the tourism sector and is noted for his astute investments.
He has substantial holdings in Four Seasons, Fairmont and Movenpick hotel groups, as well as diversified, successful ventures in banking, real estate, entertainment and broadcast-media, information technology, fashion retailing, supermarkets, agriculture, and the automotive industry.
The award was the result of voting across a panel of regional tourism leaders, and conference organiser Jonathan Worsley said: "Prince Alwaleed was the natural choice as the first recipient of our Lifetime Achievement. He has mixed studied investment opportunities around the world with a measured expansion plan in the Middle East, and is widely recognised as one of the most visionary leaders in Arabia."
Kingdom has substantial developments underway, including Four Seasons hotels in Alexandria, Beirut, Damascus, Kuwait, Dubai and Doha (the latter opening in May), while Fairmont's flag is due to be planted in Cairo, Abu Dhabi and The Palm, Dubai, and Movenpick also has extensive expansion plans covering Dubai, Libya, Lebanon and Egypt in particular.
Global names that form part of Prince Alwaleed's investment portfolio are Disneyland Paris, Walt Disney Company, Saks Fifth Avenue, News Corporation Citigroup, Apple Computers, AOL Time/Warner, and Ford Motor Company.
A curtain raiser to the Arabian Travel Market, the Arabian Hotel Investment Conference at Madinat Jumeirah conference centre in Dubai is organised by CB Richard Ellis Hotels, the largest commercial real estate firm in the world, and MEED Conferences. Details of AHIC can be found on www.arabianconference.com.
Platinum sponsors are: IFA Hotels and Resorts; Nakheel Company LLC; Kingdom Hotel Investments and Rezidor SAS Hospitality.
Gold sponsors are: Arabian Travel Market; Deloitte; Dubai Festival City; Emirates; Fairmont Hotels & Resorts; Gullivers Travel Associates; HVS International; Interval International; Jones Lang LaSalle; Jumeirah International; InterContinental Hotels Group; Le Méridien Hotels & Resorts; Marriott International; Port Ghalib; Movenpick Hotels & Resorts; RCI Middle East; Octopus Travel; RSP Group; Starwood Hotels & Resorts and Strategic Solutions.
Media sponsors are: AME Info, CNBC Arabia, CNBC Europe, Global Hospitality Resources, HOTELS, Sleeper and TTN.
Supporters are: Dubai Convention Bureau, Emirates Academy of Hospitality; International Business Leaders Forum; International Hotel & Restaurant Association; TNS, Villeroy & Boch; Virtual World Internet ; the World Travel & Tourism Council and WOW Travels.
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Prince Alwaleed recognised for achievement by tourism sector
- United Arab Emirates: Sunday, May 01 - 2005 at 15:11
- PRESS RELEASE
HRH Prince Al Waleed bin Talal bin Abdulaziz Al Saud, CEO of Saudi Arabia's Kingdom Holding Company, has been presented with a Lifetime Achievement Award for services to tourism at the Arabian Hotel Investment Conference.
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Notes and media contacts
Media information:Kirstie Hepburn / Fiona Swaffield
Strategic Solutions for Arabian Hotel Investment Conference
Tel: 971 4 3915390, fax: +971 4 3918486
About the Organisers:
CB Richard Ellis Hotels
CB Richard Ellis is the largest commercial real estate firm in the world, with 250 offices in 48 countries. CB Richard Ellis Hotels focuses exclusively on the hospitality industry providing consultancy services for the sale, valuation, financing, development and asset management of hotels. CB Richard Ellis Hotels has been involved in several of the largest transactions in Europe, specialising in investment opportunities and sale and leasebacks that have typified the changing times. Jonathan Worsley of CB Richard Ellis Hotels has taken a lead in developing networking events for the industry by organising the International Hotel Investment Forum in Berlin, the European Hotel Design Awards in London and now the Arabian Hotel Investment Conference in Dubai. Jonathan also sits as an advisor to the World Travel & Tourism Council.
Contact: Jonathan Worsley on +44 1483 835794
MEED
MEED (Middle East Economic Digest) is internationally recognised as providing essential information for anyone doing business in, or with, the Middle East and North Africa. MEED now attracts over 70,000 individual readers each week, across 70 countries worldwide.
MEED Conferences is part of the leading information brand in the Middle East working to provide delegates with the very latest business sensitive information. Over the past 10 years, MEED Conferences has organised events attended by senior government officials and thousands of international business people. The conference series is aimed at companies active or seeking business in the markets of the Middle East. MEED is well established as the source of strategic and accurate regional information placing it in a unique position to bring together high-calibre speakers. Contact: Andrew Davies or +44 207 239 3442
About the Arabian Travel Market
The Arabian Travel Market, which follows on from the Arabian Hotel Investment Conference, is now in its 12th year and organised by Reed Travel Exhibitions (RTE) the largest travel trade exhibitions organiser. RTE also organises World Travel Market, EIBTM, Mediterranean Travel Fair, CIS Travel Market, British Travel Trade Fair, International Golf Travel Market, AIME (Asia Pacific Incentives and Meetings Expo), LACIME, La Cumbre, ILTM (International Luxury Travel Market), Top Resa, and the ICCA Exhibition in Association with the ICCA Congress. The show is held under the patronage of the Department of Tourism and Commerce Marketing, the Government of Dubai. Contact: Vicky Crane or +44 (0) 20 8910 7944
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, May 01 - 2005 at 15:11 UAE local time (GMT+4)
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