Prince Al Walleed invests in Palestinian firm

Saudi Billionaire Prince Al-Waleed Bin Talal has invested 10 million U.S dollars in the flagship Palestinian PADICO firm, the first foray by a prominent Saudi investor in the nascent Palestinian market, the company said yesterday, July 29.

PADICO said Al Walleed agreed to join as a share holder in the Palestine Development and Investment Company (PADICO), which aims to set up projects in Gaza and the West Bank by 2000.