Saudi investments in the Carlyle Group worth $80,000,000. Craig Unger, “Saving the Saudis,” Vanity Fair, October 2003. The number was reported to Unger by the head of Carlyle, David Rubenstein, in an interview.
In 1994, Carlyle owned military contractor BDM was “awarded a contract to provide technical assistance and logistics support to the Royal Saudi Air Force.” Worth: $46,200,000. PR Newswire, “BDM Federal Awarded $46 Million Contract To Support Royal Saudi Air Force,” October 27, 1994.
During the 1990s, the Vinnell Corporation (a BDM subsidiary) held contracts to train the Saudi Arabian National Guard, worth $819,000,000.Robert Burns, “US Advises Saudi Military On Range Of Threats—Including Terrorism,” Associated Press, November 13, 1995.
In 1995, BDM collected a contract to “augment Royal Saudi Air Force staff in developing, implementing, and maintaining logistics and engineering plans and programs.” Worth: $32,500,000. Defense Daily, “Defense Contracts,” June 23, 1995, as cited by Craig Unger.
In 1996, BDM was awarded a contract “to provide construction of 110 housing units at the MK-1 Compound, Khamis Mushayt, Saudi Arabia, for Technical Support Program personnel assisting the Royal Saudi Air Force…. This effort supports foreign military sales to Saudi Arabia.” Worth: $44,397,800. Department of Defense News Release, “BDM Federal, Incorporated,” April 1, 1996.
During the late 1990s, Vinnell was awarded a contract “for the Saudi Arabian National Guard (SANG) Modernization Program. The three-year contract, awarded competitively, calls on Vinnell to continue to support SANG training operations and related activities.” Worth: $163,300,000 . PR Newswire, “Vinnell Selected for Award of $163.3 Million Contract for Saudi Arabian National Guard Modernization Program,” May 3, 1995. Kashim Al-An, “Saudi Guard Gets Quiet Help from US Firm with Connections,” Associated Press, March 22, 1997.
In 1997, BDM was awarded a contract “to provide for 400 contractor personnel to support the Royal Saudi Air Force in developing, implementing, and maintaining logistics, supply, computer, reconnaissance, intelligence and engineering plans and programs.” Worth: $18,728,682 (note: this is a “face value increase to a firm fixed price contract). Defense Daily, “Defense Contracts,” February 4, 1997.
Note: Carlyle purchased BDM and its subsidiary Vinnell in 1992 and sold it to TRW in Dec, 1997.
In November 2001, Dick Cheney’s former company Halliburton was awarded “a contract to provide services for the Saudi Arabian Oil Company’s (Saudi Aramco) Qatif Field development project in the eastern province of Saudi Arabia.” Worth: $140 million. Halliburton press release, “Halliburton Awarded $140 Million Contract by Saudi Aramco,” November 14, 2001.
The same month, a consortium of three companies led by Halliburton subsidiary KBR won a “contract for engineering, procurement, and construction of an ethylene plant for Jubail United Petrochemcial Company, a wholly owned company of Saudi Basic Industries Corporation.” Worth: $40 million. MaggieMulvihill, et al., “Bush Advisers Cashed in on Saudi Gravy Train,” Boston Herald, December 11, 2001 ; Halliburton press release, “Halliburton KBR, Chiyoda, and Mitsubishi Win SaudiArabian Ethylene Project,” November 19, 2001. (Note: The $40 million figure cited for this contractin all likelihood is much too low. Three separate energy industry journals place the value of the contract at $350 million. While there are two other companies involved, all reports point out that Halliburton KBR led the consortium and thus, if the contract were $350 million, it is likely that their cut would be—as lead contractor—significantly more than $40 million. See, Petroleum Economist, “News in Brief,” January 14, 2002; Chemical Week, “KBR, Chiyoda, Mitsubishi Win Jubail Ethylene Contract,” December 5, 2001; Middle East Economic Digest, “Projects Update: Petrochemicals,” March 7, 2000.
Soon after Harken bought out George W. Bush’s company Spectrum 7 in 1986 and placed Bush on their board of directors, a Saudi sheik swooped in to save the troubled Harken. Abdullah Taha Bakhsh purchased a 17% stake in the company. Worth: $25,000,000. Thomas Petzinger Jr., et al., “Family Ties: How Oil Firm Linked to a Son of Bush Won Bahrain Drilling Pact; Harken Energy Had a Web of Mideast Connections; In the Background: BCCI; Entrée at the White House,” Wall Street Journal, December 6, 1991.
In 1989 Saudi Arabias King Fahd donated money to the Barbara Bush Foundation for Family Literacy. At the time, Ms. Bush was the First Lady of the United States. The King’s contribution represented almost half the amount the organization was able to raise that year. Worth: $1,000,000. Thomas Ferraro, “Saudi King also Contributed to Barbara Bush’s Foundation,” United Press International, March 13, 1990.
Following George H. W. Bush’s departure from office, Saudi Ambassador to the United States, Prince Bandar, donated money to the Bush Sr. Presidential Library fund. Worth: At least $1,000,000. Dave Montgomery, “Hail to a Former Chief,” Fort Worth Star-Telegram, November 7, 1997.
Both George H. W. Bush and George W. Bush attended the elite Phillips Andover Academy in Massachusetts. In the summer of 2002 the Academy announced it had established a scholarship in Bush Sr.’s name. Saudi Prince Alwaleed binTalal bin Adul Aziz Alsaud -- the same Prince who bailed out EuroDisney in the mid-Nineties -- was among the donors to the scholarship. Worth $500,000. Phillips Academy-Andover press release, “A Statement from Phillips Academy-Andover Regarding the Bush Scholars Program,” December 31, 2002.
Among the many presents George W. Bush has received from foreign leaders and dignitaries during his term as President, perhaps none is grander than the one Prince Bandar bestowed upon him. Bandar gave the current president a “C.M. Russell oil canvas painting of a native American buffalo hunt….” Worth: $1,000,000. Siobhan McDonough, “Gifts to President are Gratefully Received, Quickly Carted into Storage,” Associated Press, July 14, 2003.