Prince Talal to invest in 1000mw power station in Bangladesh

[CaPtAiN_pLaNeT]

Prince Talal to invest in 1000mw power station in Bangladesh

Prince Talal to invest in 1000mw power station in Bangladesh :: Weekly Blitz

by News Desk
June 10, 2012


Saudi Prince Al Waleed bin Talal, during his 4-hour Dhaka tour on June 10 shall possibly finalize investment in a 1000mw power station as well as investment in Bangladesh's tourism sector. Inside sources in the government tells Weekly Blitz that the visit is being considered one of great importance as Bangladesh had been expecting big investments in energy sector and infrastructure development.

Business tycoon, the prince had already shown interest in making big investment in energy and tourism sectors here.

Earlier, while visiting the country in 2005, he had expressed interest in investing in the hospitality sector. He had proposed to buy either Pan Pacific Sonargaon Hotel or Hotel Ruposhi Bangla, the then Sheraton Hotel. There is indication that Bangladesh government may this time request the Saudi Prince to take long-term lease of the Hotel Ruposhi Bangla. Following completion of the lease period, international hotel chain Sheraton did not sign any extension agreement with the Bangladesh government as various pre-conditions set by the Sheraton authorities for renewing the contract were rejected by the Bangladesh side. Meanwhile another international hotel chain – Intercontinental, which operated this hotel for decades were reported to be retaining the lease of this hotel, though ultimately the Intercontinental international hotel chain did not show up in the project. Later, a leading Indian hotel chain also expressed its interest in taking lease of the hotel thus turning it as one of the members of their regional chain. The Indian hotel chain's proposal was rejected in scrutiny as they wanted to get the lease for a period of 30 years almost without paying anything to Bangladesh side. The Indian hotel chain argued saying if the hotel would go under their chain network, Bangladesh would be "immensely benefited" by getting "large number of tourists" every year.

A nephew of king Abdullah, prince Talal has amassed a fortune through investments in real estate and the stock market.

In recent weeks, Prince Al Waleed bin Talal's business empire has off-loaded shares of a number of projects in the world. Large segment of his shares in New York's Plaza Hotel will be soon sold to Sahara India Pariwar for US% 525 million. The transaction is set for completion in early July while Fairmont Hotels & Resorts, in which Kingdom has a stake, will continue to operate the Plaza for at least two years. Kingdom has a 50 percent stake of the Plaza's 130 hotel rooms and public areas, and owns 25 percent of the 100 rooms that were sold as condominiums and rented out as hotel rooms, the person said. After the transaction is completed, Kingdom will own 25 percent of the entire property. Kingdom, which in 2004 sold its stake in the Plaza to Elad and bought back a portion soon after, has retained investments in other landmark properties. On May 8, Los Angeles-based Woodridge Capital Partners LLC said Alwaleed would keep his interest in the Fairmont San Francisco Hotel after he and partner Maritz Wolff & Co. agreed in March to sell the Nob Hill property to Woodridge and Oaktree Capital Management LP for almost US$200 million.

The Plaza reopened in March 2008 following a two-year restoration that cost more than US$400 million.

Kingdom Hotel Investments [KHI], controlled by Saudi billionaire Prince Alwaleed bin Talal, said it has sold its entire stake in Mövenpick resort in Thailand to a Malaysian group for US$90 million. A wholly-owned subsidiary of Saudi conglomerate Kingdom Holding Company, KHI is a leading international hotel and resort acquisition and development company focused on high growth emerging markets such as the Middle East, Asia, and Africa.

Dubai-headquartered KHI said it had sealed a deal with Crystal Caliber, a subsidiary of Malaysia-based TA Global for the sale of its stake in Mövenpick Resort & Spa Karon Beach Phuket in Thailand on May 31, 2012.

KHI had in January sold the Swissôtel Kunshan to TA Global for a gross consideration of approximately US$61 million.

Commenting on the deal, Prince Alwaleed said, "This transaction marks yet another success for KHI's value realization strategy from growth market investments."

Sarmad Zok, chairman and CEO of KHI and member of KHC's board said, "We are delighted to partner with TA Global on yet another successful transaction. The sale of the Mövenpick Phuket further adds to KHI's orderly value realization and capital redeployment record."

"The seamless transaction is also testimony to the quality of our assets and our team execution, and an evidence of the buoyant M&A environment in growth markets," he added.
KHI presently has ownership interests in 21 properties in 14 countries, including 19 operating hotels and resorts, and two currently under construction.

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Saudi tycoon gets state honour

Saudi tycoon gets state honour | Bangladesh | bdnews24.com

Sun, Jun 10th, 2012 1:03 pm BdST


Dhaka June 10 (bdnews24.com) — A Saudi multi-billionaire prince was given a rare state honour as he arrived in Dhaka on a hours-long trip on Sunday and held talks with the Prime Minister and senior members of her Cabinet.

Prince Al-Waleed Bin Talal received Bangladesh Friendship Medal in a brief ceremony attended by Sheikh Hasina and senior ministers at Sonargaon Hotel, officials said.

They said Prince Al-Waleed, who arrived around mid-morning and was to depart early afternoon, had a meeting with Hasina.

bdnews24.com foreign affairs correspondent Sheikh Shahariar Zaman said he saw Deputy Leader of the Parliament Syeda Sajeda Chowdhury, LGRD Minister Syed Ashraful Islam, Foreign Minister Dipu Moni, Prime Minister's Advisor Gowher Rizvi, Cabinet Secretary Mosharraf Hossain Bhuiyan and Power Secretary Abul Kalam Azad entering the meeting venue.

"They obviously discussed, among other things, investment and business opportunities in Bangladesh," one official said.

A Power Point presentation highlighting the overall investment scenario in the country, opportunities for investment in the Public Private Partnership projects, and tourism and power sector, climate change challenges, was shown after the meeting.

The ceremony over, they were having lunch together and the prince would then be driven to the Bangabhaban for a call-on with President Md Zillur Rahman.

The Saudi royal arrived in Dhaka at 10:30am and was scheduled to depart at 3pm.

Al-Waleed Bin Talal, owning $18 billion, is currently ranked 29th in the Forbes magazine's list of billionaires. He visited Bangladesh earlier in 2005.

bdnews24.com/ssz/zk/jk/1330h

 

[Bilal587]

gud if they helping their muslim nations

 

[eastwatch]

Saudi or any Arab talk of financing projects in other muslim countries would have propelled these countries to self-sustaind economic growth. But, I personally do not believe the newspaper propaganda. A business deal (or a commitment?) in a 3-hour tarnsit/stopover in the dirty Capital of Bangladesh is not possible. Arabs are not known for impulsiveness with their money, they can wait for a million years without a hurry.

The welcome ceremony reminds me of the welcome given to a rich City dweller by his poor peasant relative living in the countryside. Talal reception news has disgusted me. Like the poor peasant, BD may get a few gold coins as Bakshish, but it should not expect any investment from those Arab pigs.

The Arab guys have lost $3 trillion (note it is $3,000 billion) in the security and investment markets during the worldwide economic meltdown 4 years ago. But, these fat pigs are still waiting the whites of europe and america. They will never invest in poor muslim countries, period!

 

[Mosamania]

Saudi or any Arab talk of financing projects in other muslim countries would have propelled these countries to self-sustaind economic growth. But, I personally do not believe the newspaper propagatiion. A busliness deal (or a commitment?) in a 3-hour tarnsit/stopover in the dirty Capital of Bangladesh is not possible. Arabs are not known for impulsiveness with their money, they can wait for a million years without a hurry.

The welcome ceremony reminds me of the welcome given to a rich City dweller by his poor peasant relative living in the countryside. Talal reception news has disgusted me. Like the poor peasant, BD may get a few gold coins as Bakshish, but it should not expect any investment from those Arab pigs.

The Arab guys have lost $3 trillion (note it is $3,000 billion) in the security and investment markets during the worldwide economic meltdown 4 years ago. But, these fat pigs are still waiting the whites of europe and america. They will never invest in poor muslim countries, period!

I am with you 100%. They shouldn't put a dime in any Muslim country what so ever because those people simply don't deserve it. On one hand they say they should invest in Muslim countries on the other they say we don't want those "Fat pigs". So in general to hell with them all.

 

[Z Bhai]

The Arab guys have lost $3 trillion (note it is $3,000 billion) in the security and investment markets during the worldwide economic meltdown 4 years ago. But, these fat pigs are still waiting the whites of europe and america. They will never invest in poor muslim countries, period!

Well what can you expect? These Sheikhs have sold their soul and they have paid for it.

 

[eastwatch]

I am with you 100%. They shouldn't put a dime in any Muslim country what so ever because those people simply don't deserve it. On one hand they say they should invest in Muslim countries on the other they say we don't want those "Fat pigs". So in general to hell with them all.

Note, Mr. Saudi Arabia, it was the Sultans of Bengal who used to send help to the poor nomads of arabian desert because it was the birthplace of the Prophet of Allah, and Mecca was located there. Now, I think your forefathers did not deserve it.

Your oil wealth is not a long term asset, it was given by Allah, but, will certainly be taken away by the whites and the Jews, you will see it shortly. You will again be riding camels by 2050 when your less than 200 billion barrels of oil is alreday stolen by them.

My country Bangladesh is a very small country, but has a large population of 145 million. Poor we may be, but, this small land is feeding such a large population. Can your large dusty desert country feed a big population like this even with your oil wealth? With our kind of population all your Mercedes Benz cars will be taken over by three wheelers.

Note, if you do not know, your country cannot feed more than 5.5 million people without the oil wealth. Your population remained so for the last 1400 years. Only recently it is 26 million including the foreign population. SA is 22 times larger than the poor country Bangladesh, yet cannot feed a population of more than 5.5 million without oil.

We are not political people here. So, people like me do not seek Saudi wealth for investment. We do not want these spoiled snobs to come and destroy our society. However, I expect our worthless politicians to keep on expecting a few Baksheesh. But, note one thing, we will certainly rise over you someday not so far from now. The symptoms of a rising Bangladesh is already there, don't you see it?

 

[Z Bhai]

I personally like Prince Talat. He is quiet different than other craps. He frequently interact with common people by holding some kind of big meeting. And fulfill or try to fulfill demand of those people.

 

[UKBengali]

^^^ With GDP growing at 6-7% a year, Bangladesh is definitely going in the correct direction.

 

[Mosamania]

Note, Mr. Saudi Arabia, it was the Sultans of Bengal who used to send help to the poor nomads of arabian desert because it was the birthplace of the Prophet of Allah, and Mecca was located there. Now, I think your forefathers did not deserve it.

Your oil wealth is not a long term asset, it was given by Allah, but, will certainly be taken away by the whites and the Jews, you will see it shortly. You will again be riding camels by 2050 when your less than 200 billion barrels of oil is alreday stolen by them.

My country Bangladesh is a very small country, but has a large population of 145 million. Poor we may be, but, this small land is feeding such a large population. Can your large dusty desert country feed a big population like this even with your oil wealth? With our kind of population all your Mercedes Benz cars will be taken over by three wheelers.

Note, if you do not know, your country cannot feed more than 5.5 million people without the oil wealth. Your population remained so for the last 1400 years. Only recently it is 26 million including the foreign population. SA is 22 times larger than the poor country Bangladesh, yet cannot feed a population of more than 5.5 million without oil.

We are not political people here. So, people like me do not seek Saudi wealth for investment. We do not want these spoiled snobs to come and destroy our society. However, I expect our worthless politicians to keep on expecting a few Baksheesh. But, note one thing, we will certainly rise over you someday not so far from now. The symptoms of a rising Bangladesh is already there, don't you see it?

What a long and emotional reply. Did you drop a tear there little fella?? In all honesty good luck in whatever it is you wanna do with your future and your country there little buddy.

 

[fallstuff]

Ignore the baffoon.

Given a choice the Saudis chose the West to invest and hang out with. Its their call. If they are happy, hey so be it.

If they build a 1000mw power station, well BD will take it.

 

[PlanetSoldier]

Saudi or any Arab talk of financing projects in other muslim countries would have propelled these countries to self-sustaind economic growth. But, I personally do not believe the newspaper propaganda. A business deal (or a commitment?) in a 3-hour tarnsit/stopover in the dirty Capital of Bangladesh is not possible. Arabs are not known for impulsiveness with their money, they can wait for a million years without a hurry.

The welcome ceremony reminds me of the welcome given to a rich City dweller by his poor peasant relative living in the countryside. Talal reception news has disgusted me. Like the poor peasant, BD may get a few gold coins as Bakshish, but it should not expect any investment from those Arab pigs.

The Arab guys have lost $3 trillion (note it is $3,000 billion) in the security and investment markets during the worldwide economic meltdown 4 years ago. But, these fat pigs are still waiting the whites of europe and america. They will never invest in poor muslim countries, period!

Probably bal govt. at the end seeing the outcome in minus level is now trying to make some media stunts of new investments until the end of rest of the tenure and somehow they are managing these guys from Malaysia, Qatar, SA etc. (maybe sending some hotties to them) to make such statements, meeting.

 

[Al-zakir]

Probably bal govt. at the end seeing the outcome in minus level is now trying to make some media stunts of new investments until the end of rest of the tenure and somehow they are managing these guys from Malaysia, Qatar, SA etc. (maybe sending some hotties to them) to make such statements, meeting.

Don't know about hotties but certainly a fail attempt by Awami Gaddar Bharti dalal leauge to dupe Bangladeshi Muslims that relation with muslim nations are all in place. Fact of the matter is all Muslim nations has been spiting on Bangladesh for Awamis anti Islamic and anti-nationalist activities. I don't know how Bangladeshis are tolerating the bigoted face of fig la-hasina.


There will not be any investment by price. At least not during this ghaddar league regime.

 

[TopCat]

Well Mr. Talat Certainly a rich man. But I did not like his attitude last time when he visited BD with some investment plan. He offered to buy Shonargon Hotel while staying in it. He also offered to invest in power plant if he was exempted of tendering process. What kind of businessman makes such offer? Oil money can only take somebody to that much. Another Idiot (I forgot his name) from Saudi Royal family participated in Rupali Bank privatization tendering. He made an offer of 300 million to buy it. But once all the offer was made open, he found that his offer was almost double than his nearest competitor. After realizing his stupidity, he back tracked and stopped receiving any phone call from BD government.

Good luk Mr. Talat in my country.

 

[ashok321]

Ohhh what an islamic hypocricy lol

When india helps and loans billion dollars, albeit a soft loan, these islamists fret n fume, but when a saudi prince comes to just ten percent of the required strenght, these bangladeshis are jumping with joy...
Its islamism n nothing else...
Lol

 

[Kaniska]

Ohhh what an islamic hypocricy lol

When india helps and loans billion dollars, albeit a soft loan, these islamists fret n fume, but when a saudi prince comes to just ten percent of the required strenght, these bangladeshis are jumping with joy...
Its islamism n nothing else...
Lol

Come on dude...leave them aside...I am just waiting when BNP gov comes to power and how drastic the policy will be different from now???