VOL. XLI

No. 50

14-December-1998

SAUDI ARABIA

Saudi Prince Signs $453Mn Construction Deal With Saudi Firm al-Seif

Saudi Prince al-Walid ibn Talal on 29 November signed a SR1.7bn($453mn) contract with the Saudi construction company al-Seif Engineering ContractingEstablishment to construct a skyscraper in Riyadh. The building, which will house theKingdom Center and will include a Four Seasons Hotel, is expected to be completed by theend of the year 2000. The Prince holds a 25% stake in Four Seasons...