Word: blount
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...Blount's $1.7 billion deal...
...world of heavy construction, no one thinks bigger than a country boy from Alabama named Winton ("Red") Blount. Just after World War II, he was building fishponds in the rural South. Now he is preparing to erect an immense desert campus in Saudi Arabia that will sprawl across an area the size of 109 football fields. In partnership with the French firm Bouygues, Blount Inc., of Montgomery, Ala. (fiscal 1981 sales: $651 million), has captured a coveted $1.7 bil lion contract to build Saudi Arabia's new University of Riyadh. Last week the first payment on the deal...
...project will include 17 major buildings housing a medical center, a 4 million-volume library and seven col leges where Saudis will study disciplines ranging from dentistry and engineering to agriculture and marketing. Blount's first task will be to build a mini-city, complete with shopping center and hospital, to support 8,000 construction workers drawn largely from Turkey, Pakistan, Korea and the Philippines...
...Saudis change their specifications, they will pay no more than $1.7 billion, no matter what happens to the prices of labor, steel and concrete during the course of the 40-month project. In an era of runaway inflation, that was a risky deal, but it is one typical of Blount...
Dasher Karen Blount took respectable thirds in both the 55 meter and 200 meter events, and with a win in the two mile relay to cap a perfect day, the trackster crew headed back to Cambridge to enjoy their first real two-day weekend in a very long time...