National Geographic : 1975 Oct
i~iiii '!I I New big spenders, Arab financiers cautiously invest billions against the day their grandchildren may see oil reserves run dry. Sheikh Hisham Nazer (above), President of Saudi Arabia's Central Planning Organiza tion, drafts a five-year plan for spend ing a staggering 142 billion dollars to modernize the desert kingdom. Abdlatif Y. Al-Hamad (left), Direc tor General of the Kuwait Fund for Arab Economic Development, plans to parcel out 3.5 billion dollars in foreign aid next year. One of the world's wealthiest men, Mahdi Al-Tajir (below) answers que ries about his worth: "If I knew how much money I had, I wouldn't be rich, would I?" U.A.E .'s Ambassador to Great Britain and France, he recently purchased this British estate.