Al-Walid is is estimated to donate more than $100 million annually to charity. In 2001, he offered New York City a donation of $10 million towards relief efforts after the September 11, 2001 attacks. This was rejected by Mayor Rudy Giuliani because Al-Walid suggested that the attacks were an indication that the United States 'should re-examine its policies in the Middle East and adopt a more balanced stand toward the Palestinian cause'. (Getty Images)
Backed by a Saudi sovereign wealth fund, Mohamed Alabbar is set to transform the region’s e-commerce market with the launch of Noon.com. He tells Arabian Business how he plans to conquer and dominate an industry that will be worth $70bn within the next decade.