Word: buildings
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Dates: during 1970-1979
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Real estate. Scarcely a single community does not feel the impact. In Bade County, Fla., a consortium led by Canada's Markborough Properties is spending $1 billion on an 18-year project to build an entire town, Villages of Homestead, that will add more than 14,000 homes to the tight south Florida market and provide 4,000 jobs. On South Carolina's Kiawah Island, the Kuwait Investment Co. is building a $500 million resort community. In New Orleans' old Vieux Carre district, an Iranian investment foundation is helping finance the development of a 23-acre complex...
...permanent river. The estimated cost of that: $80 million per berg. They are putting up $14 billion for a project that will bring natural gas to the newly planned industrial cities of Yanbo on the Red Sea and Jubail on the Persian Gulf, which are costing $30 billion to build. In the past three years, the Saudis have built nearly 300,000 housing units?enough for a quarter of the Saudi population. In a land where education a generation ago was essentially in the hands of the ulema, a powerful group of conservative Islamic religious leaders. 960,000 young Saudis...
...Saudis have bought the best in people too. To make some order out of urban chaos, for example, they brought in Greek City Planner Constantinos Doxiadis. To build up their soccer teams, they hired British Coach Jimmy Hill. To head the new Applied Research Institute at the University of Petroleum and Minerals in Dhahran, they signed William Pickering, who as head of California's Jet Propulsion Laboratory helped put a man on the moon...
...nouveau riche desert barbarians. But Fahd is on speaking terms with almost every leader (one notable exception: Libya's Muammar Gaddafi, who refuses to deal with him). On the theory that Saudi Arabia's first line of defense is diplomatic, he avoids quarrels even with Arab radicals, preferring to build as broad a range of contacts as he can. In the interests of preserving Arab unity, he has mediated between leftist Algeria and royalist Morocco in the Sahara dispute. He maintains ties with Egypt's Sadat and Syria's Hafez Assad, with the Palestine Liberation Organization's Yasser Arafat...
...give all sorts of free extras to passengers. In both first class and economy, they get free champagne and drinks even before takeoff; gifts like pens or complete leather toilet sets are distributed on every flight to first-class passengers. SIA is spending $30 million to build what it calls the world's largest flight kitchen. Meals are served by stewardesses dressed in Paris-designed sarong kebayas, the Singapore national dress. The company sends the stewardesses to finishing school, gives them professional training in grooming and pays their dental bills for regular teeth cleanings-but absolutely forbids them...