Word: toaimi
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Dates: during 1983-1983
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Several experts argue that the frantic pace of gulf development would have slowed even without the current recession. "We were saturated with buildings and offices," says Riyadh's Toaimi. Adds a banker whose firm has helped finance Saudi projects: "Construction will never see a boom like the one we had here in the ten years since 1973." That, in the view of many Arabs, is probably for the best. "We did not have time to think about what we were doing," concedes Yousef Shirawi, Bahrain's Minister of Development and Industry: "Perhaps this pause will be very good...
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