Rise To Wealth
In 1969, Hariri established Ciconest, a small subcontracting firm, which went out of business soon. He then went in business with the French construction firm Oger for the construction of a hotel in Ta’if, Saudi Arabia, the timely construction of which brought him in good graces with King Khaled. Hariri took over Oger, forming Saudi Oger, which became the main construction firm used by the Saudi Royal family for all of their important developments. As a result, only a few years after his first contract with King Khaled, Hariri had become a multi-billionaire.
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