Prince Alwaleed has announced that he will invest $300 million in Twitter. The chirping of the most famous blue sparrow on the web was irresistible for the wealthy Arab investor, nephew of the King of Saudi Arabia, who has always been attentive to new economic trends and new technologies. The “Warren Buffet of Arabia” has not missed the opportunity to place a strategic investment in the social network of San Francisco, the second in number of users with 100 million subscribers, which after the great diffusion in the United States is growing rapidly all over the globe. The investment came, as announced, after several months of negotiation.
Twitter has found its most impressive expansion in the last year in Arab countries. Since October 2010 the number of tweets (the short messages that you can deliver to the reading public via the social network) in Arabic it has increased 22 times. Furthermore, the site has played a key role in the political conflicts that have inflamed and are inflaming the area in recent times.
The Prince, the richest of the big Arab investors with a personal fortune of 21,3 billion dollars, could not miss the greedy opportunity to enter one of the most dynamic markets of the moment, also in view of a possible listing of Twitter on the stock exchange.
La Kingdom Holding owned by Alwaleed has stakes in Citigroup, Apple, News Corp. and General Motors as well as in some international hotel chains.
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