Word: saudi
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...Alwaleed: We have a big exposure to the world economy in general - in banking, hotels, in real estate. But right now, there's a lot of emphasis on Saudi Arabia. Saudi Arabia is experiencing a big boom. There's a lot of emphasis on real estate, and on companies in Saudi Arabia...
TIME: What do you expect will be the knock-on effect on Saudi Arabia of the banking crisis and the overall economic downturn...
Alwaleed: The world's now a very connected place, so things like the cost of funds, the scarcity of debt - these will impact some of our projects in Saudi Arabia. There's nothing called immunity: you can't be immune to what's happening around the world. But I would say we're less impacted directly than countries in the vicinity...
...photos of life and commerce in Saudi Arabia here...
...original version of this article misidentified Prince Alwaleed bin Talal as a cousin of Saudi King Abdullah. He is, in fact, a nephew of the King...