to his involvement in procurement of arms in 2010 and 2013. Wealth and Paradise Papers Leaked US cables dated November 1996 cited the wealth of Prince Khalid as $2 billion. In November 2017 an investigation conducted by the International Consortium of Investigative Journalism cited his name in the list of politicians named in Paradise Papers allegations. Other positions At the end of the 1990s, Prince Khalid had business contacts with French electronics group Thomson-CSF. Khalid is the chairman for the committee of the Prince Sultan bin Abdul-Aziz International Prize for Water. He is chair of board of trustees of Sultan bin Abdulaziz Al Saud Foundation. He is also a member of the board of trustees of the Arab Thought Foundation that is a Saudi think-tank group, attempting to improve the relations between Arab nations and the Western nations. He owns the newspaper Al-Hayat. It is said that he does not interfere in its articles as long as no royal criticism is published. Views Turkish-Arab relations In the late 1990s, Khalid expressed an opinion concerning the Turkish-Arab relations. According to him, Arabs should ask themselves what brought about this crisis. After criticizing Arab politics for an inability to "cope with rapid changes on the ground," he states how they "assumed Turkey would be on their side forever, even if it gained no benefit thereby." The Arab side, on the other hand, "did not comprehend the complexities of the internal situation in Turkey, or that country's regional and international considerations. This created a climate that could push Turkey ever further into the camp of unfriendly countries." Finally, he proposed improving Turkish-Arab ties "[s]olely by granting supreme importance to mutual economic interests. It is vital to find a form of economic integration between the Arabs and Turks, even if it is a gradual process." And he proposes Turkish-Arab cultural collaboration, calling on Arabs and Turks to "start purging history books and textbooks of mutual insults." He also encouraged military cooperation between Turkey, Pakistan, and Arab states of the Persian Gulf. Ethiopia In February 2013, Khalid made a statement about Ethiopia's right to use the Nile waters, which was officially denounced by the Saudi government. His remarks were as follows: "The Ethiopian Renaissance dam is for political plotting rather than for economic gain and constitutes a threat to Egyptian and Sudanese national security." Personal life Khalid's first marriage was to his first cousin, Lulua,