The fatal crash came one day after Saudi Arabia intercepted a ballistic missile fired by Yemen rebels in the wartorn country.
This evening, local media repeated the prince and everyone else on the aircraft died in the helicopter crash.
They had been taking a tour of an area near the Asir coast when the aircraft went down.
The cause of the crash has not yet been revealed.
Yesterday, Saudi Arabia’s air defence forces intercepted a ballistic missile fired from warring Yemen over the capital Riyadh.

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The missile was brought down near King Khaled Airport on the northern outskirts of the city and did not cause any casualties.
Rocket fragments fell near the airport grounds, but air traffic carried on normally, the Saudi civil aviation authority said.
It is thought to have been fired by armed Houthi rebels, who have taken over the capital Sanaa and other parts of the country during its civil war.
This story is being updated.