Word: jubail
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Dates: during 1980-1989
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Shultz resigned as Treasury Secretary in 1974 to join Bechtel, one of the world's largest construction and engineering conglomerates. He became president the following year. Among its projects: the Hoover Dam, the Washington and San Francisco subway systems, 84 nuclear power plants, and the $20 billion Jubail Project, which is creating a new industrial metropolis in the sands of Saudi Arabia. Among his other duties, Shultz acts as a kind of secretary of state of the privately held, San Francisco-based company under Chairman Stephen Bechtel. His tasks as president of the group include coordinating international projects, articulating...
...government's current $285 billion five-year plan puts the emphasis on diversification to reduce the overwhelming dependence on oil exports in the future. Huge industrial cities are under construction, one at Jubail on the Persian Gulf, the other at Yanbu on the Red Sea. By the end of the century, the two cities are to accommodate five new refineries, seven petrochemical facilities, a hydrocarbon fertilizer plant and an iron and steel complex...