Al-Walid Bin Talal: the Saudis will withdraw their investment from the USA
Saudi Arabia-USA, Politics, 11/30/2002

The Saudi Prince al-Walid Bin Talal has warned that certain Saudi investors might withdraw their assets from the USA because of the media campaign which targets the Kingdom and talks on its ill cooperation with Washington in the war against terrorism.

In a statement to the British daily Times, the Saudi billionaire said that American- Saudi relations are passing "a critical phase," stressing that these relations are strong but the American are making "mistakes." al-Walid considered that the only dispute between Saudi Arabia and the US relates to what is taking place regarding the Palestinians.

The comments of Prince al-Walid came after he had denied a report issued in August on that the Saudis are disposing their American investments because of fears. He, then said, that he sees evidence on the flow of Saudi investments out of the USA in retaliation to a campaign against Saudi Arabia.

The Saudi prince added that the reports which talked about donations by Princess Haifa al-Faisal, the wife of the Saudi Ambassador in Washington Prince Bander Bin Sultan to al-Qaida organization being meant to harm the relations between Riyadh and Washington, stressing that the two countries should reconsider their relations in light of these developments.

Previous Stories:
  Powell: relations with Saudi Arabia are good   (11/28/2002)
  Riyadh denies royal financing of two September 11 persons; US Congress shakes US- Saudi relations   (11/25/2002)
  Prince Sultan stresses the importance of Saudi- American relations   (11/14/2002)

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