JEDDAH: Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), received at his office in Riyadh Dr. Zsolt Becsey, Minister of State, Ministry of National Economy of the Republic of Hungary and an accompanying business delegation. During the meeting, Alwaleed and the Hungarian minister discussed a number of investment issues in the hotel sector, and the economic bilateral relations between Saudi Arabia and Hungary. The minister commended Prince Alwaleed on his efforts in playing a vital role in economic and social development, referring to the prince's local, regional and international investments. The two also discussed Alwaleed's investments in Hungary through Citigroup in the banking sector and via Four Seasons Hotels and Resorts in the hotel sector, Four Seasons hotel via the management of Four Seasons Hotels and Resorts in which KHC holds a 47.5 percent interest. In 2003, Alwaleed had visited Budapest in response to an official invitation from the late president Ferenc M?dl. During the trip, the Prince and an accompanying delegation from KHC toured the locations of some of KHC's investments that included the Four Seasons Hotel and Citigroup for a briefing. The delegation included Laszlo Fodor, Hungarian Ambassador to Saudi Arabia; Istv?n Nagy, Adviser to the Prime Minister; Gyula Plechingeer, CEO, Hungarian Debt Management Agency (?KK); Istv?n Krizs?k, Foreign Economic Counselor for Domj?n S?ndor, Board Member, Ministry of Rural Development; Zolt?n G?l, CEO, ?buda-?jlak private company; and Dr. Kornya L?szl?, chief executive officer, Quantum Management Fund.
