Al-Waleed bin Talal Quotes
Some countries, like Saudi Arabia, where the population growth is very high, whereby you don't have the mortgage low yet. Still the demand outstrips supply by much.
Bin Talal, Al-Waleed. Interview by Fareed Zakaria. Fareed Zakaria GPS, CNN, 2012.
At the time most people did not realize that the ability of a nation or land area to support a population was dependent more on agricultural and industrial productivity than on population size. In the most affluent and developed countries, land outside of the cities is quite affordable and available, whereas in poor, underdeveloped nations, land distribution and reform is still a factor. The majority of citizens of many developed, affluent nations do not own any land.
Al Waleed bin Talal bin Abdulaziz Al Saud is a Saudi Arabian businessman, investor, philanthropist and a member of the Saudi royal family. He was listed on Time magazine's Time 100, an annual list of the hundred most influential people in the world, in 2008. Al-Waleed is a grandson of Ibn Saud, the first Saudi Arabian king, a nephew of all Saudi Arabian kings since, and a grandson of Riad Al Solh (Lebanon's first prime minister).