Rebirth of Hong Kong 1981

   Chapter 657 Dubai

   The next day, when Zheng Hiquan was discussing various specific matters with the Saudi Ministry of Commerce, Yang Chen took the time to go to the United Arab Emirates.

  The World Cup, he has never forgotten, a rare opportunity to make a lot of money, a fool will miss it.

  The people in the Middle East have money and willfulness. If you don’t make money, you won’t make it for nothing. If you miss the opportunity this time, you have to wait until the next World Cup.

   Several years have passed between this, and he can't wait that long.

  United Arab Emirates, the full name of the United Arab Emirates.

   Many people in this country must have never heard of it, are they dumbfounded?

  It doesn’t matter, we briefly mention a federal state within the UAE, everyone must be familiar with it.

  The most famous city in the Middle East in later generations, Dubai, it is one of the seven federal states of the United Arab Emirates.

  The seven federal states of the UAE: Abu Dhabi, Dubai, Sharjah, Fujairah, Umm Al Quwain, Ajman and Ras Al Khaimah.

  The UAE is located in the eastern part of the Arabian Peninsula, bordering the Persian Gulf to the north, Qatar to the northwest, and Saudi Arabia to the west and south. The two countries are close together.

  The total area of ​​the UAE is about 80,000 square kilometers. The capital is Abu Dhabi, yes, Abu Dhabi, not Dubai.

  The UAE is not well-known in later generations, but its federal state, Dubai, is famous overseas. This does not mean that Dubai has more oil.

  Dubai is different from other countries in the Middle East. Except for initially relying on oil to obtain the original capital, the development of Dubai basically did not rely on oil for subsequent development.

  The oil reserves of Abu Dhabi, one of the federation countries of the United Arab Emirates, together with Dubai, account for nearly 90% of the oil reserves of the United Arab Emirates.

   Therefore, Dubai has understood from the beginning that if it wants to gain a voice within the UAE, it cannot rely on oil, otherwise even if it unites with several other federal states, it will not be Abu Dhabi's opponent.

   Since the opening of the canal in the 1970s, Dubai has been developing towards economic diversification.

  Trade in the 1980s and tourism in the 1990s, because of Dubai's open policy, it has become a financial center and a tourist city in the Middle East in just a few decades.

  The tourism of nearly 10 million people a year has become one of Dubai's main sources of economic income in later generations.

  It’s true that oil makes money, but sometimes it’s more profitable to be a loser. The development model chosen by Dubai is very similar to that of Hong Kong.

  Xiangjiang relies on the entire continent, while Dubai relies on the entire Arabian Peninsula and even the entire Middle East.

  In the early 1980s, trade has become the fastest growing economic pillar in Dubai. Among the more than ten free trade zones in the UAE, Dubai is the largest free trade zone in the Middle East.

  What is a free trade zone?

   This is somewhat similar to the special economic zones that are currently being implemented in the inland. Many countries in the Middle East have open free trade zones to attract foreign investment.

It is exactly the same as the inland special economic zone, the only difference is that the inland investor is the state, while the Middle East adopts the guarantor system. If a foreign company establishes a company in the Middle East, it must be guaranteed by a local person, and the guarantor holds at least 51% of the shares. % or even 100%.

   This special guarantor system has made many large enterprises afraid to set foot on it easily, and Dubai has made great changes in this regard, which is completely different from the free trade zones of other countries in the Middle East.

  In Dubai, enterprises in the free trade zone do not need joint ventures, and foreign investors can own 100% of the equity. In addition, foreign-invested companies also enjoy 50-year tax-free concessions, and the tax-free period can be extended depending on the situation after the expiration.

   The craziest point is that Dubai has also abolished a series of taxes such as personal income tax and import tax in the free trade zone, making it a tax haven.

   Relying on various preferential policies, Dubai has attracted countless corporate and individual investors to enter.

  Although the population of the entire United Arab Emirates is a little smaller, no matter how small the mosquito is, it is still meat. Not to mention that Dubai is developing very fast. Step by step, Yang Chen will naturally not miss the opportunity to take advantage.

  Dubai has a tropical desert climate with dry climate throughout the year, little rainfall, low latitude and high temperature.

  Dubai has only two seasons of the year, winter from December to March and summer from April to November.

In summer in Dubai, the average temperature is about 50 degrees Celsius. Under normal circumstances, when the body temperature exceeds 42 degrees Celsius, the function of the central nervous system will be seriously disturbed, the protein in the body will be denatured and solidified, and the body organs will be damaged and fail. Danger to life.

   Fifty degrees Celsius is scary to think about.

Although the weather in Dubai in February was not very hot, Yang Chen didn't have the slightest interest in playing. There was no other reason, just because the Dubai that appeared in front of him was a huge construction site. No matter where he went, construction was going on everywhere. .

  As a city located in a desert, sandstorms are a unique feature of Dubai, and now with construction everywhere, dust is flying everywhere, where is there any time to go out and play.

   "Rashid, are there many Chinese workers here in Dubai?"

   On the way here, Yang Chen saw a lot of Chinese faces. Although the Arabs and the Chinese also have yellow skin and black hair, there is still a big difference between the two, and it is easy to tell them apart.

  Rashid nodded and said: "There are many, not only Dubai, but also many Chinese workers in other federal states of the United Arab Emirates. Most of them are here to help us build roads, houses and other foundations..."

  In the 1970s and 1980s, the UAE gained huge wealth through oil. Because of the early days of poverty, the UAE’s infrastructure was almost zero. Now that there is money, it is natural to need a lot of construction.

  Because of the limited population, the UAE can only recruit people from other countries. The construction of inland civil engineering is notoriously fast, so the infrastructure such as bridges, roads, houses, schools and other infrastructures in the UAE are basically contracted to inland construction companies.

   Most of these construction companies are public employees, mainly to earn US dollars from them. The UAE is now poor and only US dollars are left. They are very willing to exchange money for a brand-new UAE.

Rashid said with anticipation: "Yang, can your branch in Dubai let me take a share? Don't worry, I only invest money and don't get involved in the operation of the company. I will just wait until I make money in the future and take dividends. "

  Yang Chen: "No problem, with your prince acting as a protective umbrella, I believe the company will develop a lot better."

   Seeing that Yang Chen didn't hesitate at all, he immediately agreed. Rashid was overjoyed, and patted his chest and said, "Don't worry, let alone Dubai, it's the entire UAE. With me here, there will be no problems for the company."

Through understanding, Yang Chen also knew that although the Prince of Dubai, Rashid, is sometimes not very likable, his identity in the Dubai royal family is still very high. With such a person acting as the umbrella of the local snake, it is easy to do things. Much more convenient.

   After staying in Dubai for a long time, Yang Chen couldn't sit still, so he flew back to Saudi Arabia to pack his things, and he had to go to the UK next time, so he was in a hurry.

  ——

   (end of this chapter)