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A Friend of America.(Prince Al-Waleed bin Talal)(Brief Article)(Interview)
Saudi prince Alwaleed bin Talal, whose ego matches his enormous fortune, should have known better. Before the billionaire investor (Citicorp, Disneyland Paris, Four Seasons Hotels) went to visit Ground Zero last week, friends had cautioned him to keep his message simple, and sympathetic. Decked out in full Saudi regalia, he observed the devastation and handed New York Mayor Rudolph Giuliani a $10 million check to benefit the victims' families. But in a press release and subsequent interviews, bin Talal couldn't just share the pain. He kept talking about an American bias toward Israel, and the plight of the Palestinians. Annoyed, Giuliani sent the check back. After he returned to Saudi Arabia, bin Talal spoke with NEWSWEEK's Christopher Dickey. Excerpts:
DICKEY: Did you make a mistake going to New York?
BIN TALAL: No, never. Giuliani should never have politicized the matter.
A lot of people say you politicized the matter.
Look, America has to face reality if they don't want to fight terrorism for the next 100 years. You're going to kill bin Laden, you're going to kill the Taliban, but you're going to have tens of bin Ladens and tens of Talibans coming. What the Americans are doing now in Afghanistan is right. I'm with them all the way. They have to take revenge. They have to retaliate. Nobody's disputing that at all. But I recommend to the United States--as a friend--[that] you've got to address the roots of the problem. Don't forget that I have business interests in the United States. Publicly I'm saying I am an ally and a friend of America! Publicly. And you can quote me: I--am--an--ally--of--America. And I lost a lot in this attack. Like Mr. Giuliani and the United States want to eradicate terrorism, I want to eradicate terrorism also.
What did you lose in New York?
The value of our real estate went down substantially, didn't it? Look at hotel occupancy: down by half. The Four Seasons, the Pierre: we manage both hotels. The Plaza: we own 50 percent. You know we have a big presence in New York: Saks Fifth Avenue, AOL Time Warner...
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Source: HighBeam Research, A Friend of America.(Prince Al-Waleed bin Talal)(Brief...