Word: kingdoms
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...Dubal project is a template for the kind of investment Saudi Arabia wants to attract: it will be 100% foreign-owned and will probably generate several downstream businesses. The ownership is crucial; in the past, the only way foreign companies could operate in the kingdom was through joint ventures and local agents--many of whom brought no skills and little capital to the partnership. With that barrier gone, al-Dabbagh hopes investors will pour in: he expects the new cities to generate more than $100 billion in foreign investment. Saudi businesses may kick in two or three times as much...
...result, the kingdom is on the move. On the World Economic Forum's list, it is 27th, up from 35th last year. It sprinted up the World Bank's list, from 67th in 2005 to 16th in 2008, making it the easiest place to do business in the Middle East. In that time, foreign investment in Saudi Arabia has nearly doubled, to $23 billion. "Foreign businesses are looking at us differently," al-Dabbagh boasts. Companies with a long history of working in the kingdom say they've noticed the difference. "The say/do factor has improved significantly," says Nabil Habayeb...
...their comparative poverty. Oxford’s endownment stands at a fifth the size of Harvard’s coffers. In May, the university announced a massive fundraising campaign to add $2.18 billion to its accounts. According to the Times Higher Education publication, spending on university in the United Kingdom is less than half of that in the United States, as a proportion of gross domestic product...
...Comcast Kingdom's new 56-story castle in Philadelphia's Center City is gilt-edged--a gleaming obelisk, from its flushless urinals to the sumptuous cafeteria named for the company's 88-year-old co-founder Ralph Roberts. "The tallest [building] between New York and Chicago," gushes the hometown Inquirer...
...audience indifference. Oscar-winning actors could not lure moviegoers to see Lions for Lambs, In the Valley of Elah or Rendition; viewers figured the films were a cross between a harangue and homework. Not many more people came when producers tried crossbreeding hot-spot intrigue with familiar genres. The Kingdom, a Jamie Foxx action picture set in Saudi Arabia, and Charlie Wilson's War, with Tom Hanks in an upbeat comedy about Afghanistan, earned the stars some of their lowest box-office numbers in years. Americans, urged by their President to defeat the terrorists by going shopping, apparently didn...