ceebuddy
Well-Known Member
Found this in an old LIFE magazine:
"Kuwait is a hustling little sheikhdom at the head of the Persian Gulf. Its desert flats provided barely enough parking space (below) for the thousands of expensive American automobiles it was able to import last year, thanks to $9.3 billion in sales from its almost bottomless reserves of petroleum. Under the guidance of their amiable, horse-loving Emir, Sheikh Sabah (right), the Kuwaitis built three rather undistinguished new towns in the desert in the vain hope of persuading the nomadic Bedouin to settle down. They showed more imag-ination in their foreign investments. While other Arab countries invested conservatively in bank certificates and government bonds, the Kuwaitis boldly bought a 14 percent share of the German company that makes the Mercedes-Benz. In the U.S. they were even more venturesome, investing in a cattle feedlot in Idaho, an island resort development near Charleston, S.C. and a $100-million office-hotel-shopping complex in Atlanta, which is said to be the largest project of its kind under construction in the United States."
"Kuwait is a hustling little sheikhdom at the head of the Persian Gulf. Its desert flats provided barely enough parking space (below) for the thousands of expensive American automobiles it was able to import last year, thanks to $9.3 billion in sales from its almost bottomless reserves of petroleum. Under the guidance of their amiable, horse-loving Emir, Sheikh Sabah (right), the Kuwaitis built three rather undistinguished new towns in the desert in the vain hope of persuading the nomadic Bedouin to settle down. They showed more imag-ination in their foreign investments. While other Arab countries invested conservatively in bank certificates and government bonds, the Kuwaitis boldly bought a 14 percent share of the German company that makes the Mercedes-Benz. In the U.S. they were even more venturesome, investing in a cattle feedlot in Idaho, an island resort development near Charleston, S.C. and a $100-million office-hotel-shopping complex in Atlanta, which is said to be the largest project of its kind under construction in the United States."