Reborn in Hong Kong: The Tycoon Grows Up
Chapter 697 Benefit Distribution
The most famous airline in later generations was established with just three people, one word from you and one word from me. At that time, no one except Bao Zixuan imagined the terrifying scale of this company. This not only allowed the two most powerful people in the UAE, but also allowed the whole world to witness Bao Zixuan's vision once again.
But no one will consider these things at this time. It's time to distribute the benefits. It is better to negotiate the shares first, and then the three parties can implement it. As for the other emirates, the two did not mention them at all. Seeing this situation, Bao Zixuan was certainly happy to see it. If too many people participate, it will not only be detrimental to company management, but will also dilute the shares held by Heiyun Group.
Zayed said with a smile: "Mr. Bao is an expert in the aviation field and must have unique insights into airport expansion. Therefore, we should listen to his opinions first, what do you say! Rashid!"
Rashid also knows that professionals do professional things. Although Bao Zixuan's major is not airport design and planning, he is also a top student in aviation power at MIT; he is definitely much more professional than them in aircraft-related knowledge.
Rashid: "You are right. Mr. Bao is indeed more professional than the two of us."
Seeing that the two people were speaking on the same page, Bao Zixuan knew that he couldn't escape. And there was no intention of hiding at all. When preparing to establish Emirates Airlines, relevant preparations were already made.
Bao Zixuan took out his computer and opened the planning map of Dubai International Airport. It can be said that the drawings were drawn entirely from memory, which was definitely ahead of its time in this era.
While letting the two people look at the planning drawing, he said again: "The total construction area of Dubai International Airport is planned to be 2 million square meters; there will be a total of 3 terminals, namely T1-T3 terminals; a total of 4 satellite halls, namely A-D. Satellite hall; there are two runways, with length and width of 4000 meters, 46 meters, 4000 meters and 60 meters respectively. After the construction is completed, Dubai International Airport can complete an annual passenger throughput of 100 million passengers."
"It is planned that the construction area of Terminal T1 and Satellite Hall D will be about 250,000 square meters. Terminal T1 will have 200-120 check-in counters, and Satellite Hall D will have 30 manual counters."
"It is planned that the T2 terminal of Dubai International Airport will have a construction area of 13,000 square meters and a total of 50 manual counters."
“It is planned that Dubai International Airport T3 Terminal and Satellite Hall A will have a construction area of 1.2 million square meters, with a total of 235 manual counters; Satellite Hall B will have a construction area of 550,000 square meters; Satellite Hall C will have a construction area of 150,000 square meters. "
"The planned area of the Dubai International Airport air cargo terminal is 35,000 square meters, which can meet the annual cargo and mail throughput of 3 million tons."
See the grand blueprint of Dubai International Airport and the shocking figures introduced by Bao Zixuan. The two UAE leaders did not realize for a moment that Dubai International Airport could really be built according to this drawing. And is it necessary to build it so big? Will it cause waste?
Rashid: "Mr. Bao's plan is indeed ambitious and attractive; but building such an airport will not be a waste. After all, there are only about 300,000 people in Dubai now, which cannot support such a large airport."
Rashid is relatively conservative and would not ask these questions if his son succeeded him. Many landmarks and the world's best buildings in later generations were built during the reign of his son.
Not only Rashid, but also President Zayed found it incredible. The UAE has less than 8 million people, so there is no need to build an airport with an annual throughput of more than 100 million passengers.
Bao Zixuan knew it would have this effect, but what was presented now was just a planning diagram. The purpose is to allow Dubai to set aside land to avoid difficulties in expansion in the future.
Bao Zixuan said with a smile: "This is just a master plan. The construction of a large building requires long-term planning. Sufficient land must be reserved in the surrounding area. Only in this way will there be no disputes and conflicts during future expansion."
After hearing this, the two people immediately understood that they were still professionals. Now it seems that just following the plan is enough. Bao Zixuan has been in the mall for many years and has never made a loss-making business.
As the ruler of Dubai, Rashid certainly hopes that Dubai can be built more grandly. And according to Bao Zixuan’s long-term plan for Dubai International Airport, Dubai is already an international metropolis, at least in terms of aviation. As long as people come over, it will definitely drive local consumption. Dubai still has less oil resources than Abu Dhabi.
With the support of an aircraft carrier, it can really compete with Abu Dhabi. But the airport’s grand blueprint doesn’t look cheap. It is difficult to support it with Dubai's financial resources. How can we allow Abu Dhabi's funds to enter? This is not what he wants to see, but it is impossible for Dubai to complete such a huge project independently without letting Abu Dhabi enter.
Rashid: "Mr. Bao deserves to be an expert in aviation. According to your drawings, we don't need to hire a designer. How much money do you think it will cost to complete the entire construction of the airport."
Zayed really wanted to give Bao Zixuan a thumbs up, so with such a plan, he wouldn't be afraid of Rashid not being tempted. Dubai's source of funds is relatively single, and it will definitely need to rely on Abu Dhabi. Isn’t this a good time to enter Dubai? Let’s start at the airport.
Bao Zixuan: "According to the plan, the funds required to complete the entire construction will not be less than 5 billion US dollars. Of course, if a series of facilities such as equipment procurement are added, the total investment will exceed 7 billion US dollars."
In this era, Dubai is not as rich as in the 21st century, and US$7 billion may not be available.
Seeing Rashid thinking, Zayed smiled and said: "You don't have to worry about funding. Dubai International Airport concerns the entire UAE. The country must also provide financial support, and funds must be provided."
This is the final word on the airport, and Abu Dhabi will definitely take a stake in the airport. Rashid knew that Dubai had no other choice, and it was really difficult for Zayed to refute it from a national perspective.
We cannot let the Abu Dhabi family dominate, so we should bring in the dark clouds to restrict it. At the same time, when Dubai's funds allow, it can also repurchase shares from Heiyun Group. If the shares are in the hands of Abu Dhabi, you will never get them back in this life.
Rashid: “I don’t know how many airport shares Heiyun Group needs.”
Hearing this, Bao Zixuan and Zayed were both stunned. Why did Rashid take the initiative to let Bao Zixuan invest in the airport. Remember this is not an airline, it's an airport. There is no airline that has the strength to build an airport. Generally, airport construction is a government action.
However, both of them were smart people, and they immediately understood what Rashid meant. This allows Heiyun Group to come in and play a regulating role. It can also repurchase the shares held by Heiyun Group at critical moments. To put it bluntly, he doesn’t want Abu Dhabi to be the only one. Rashid knows that Dubai’s financial resources are far behind Abu Dhabi.
Bao Zixuan thought for a moment and said, "Heiyun Group can hold 15% of the shares, and the rest will be divided between the two of you. There has been a lot of financial pressure recently, and any more may be unbearable."
Hearing that Bao Zixuan was so polite, Zayed didn't say much. After all, Heiyun only wants 15% of the airport shares, which shows that Bao Zixuan is not greedy.
In fact, Bao Zixuan's fight for 15% of the shares is mainly for preparations for Fujairah. When he wants to attack Fujairah, Abu Dhabi and Dubai will definitely oppose it; Dubai International Airport shares are a good constraint.
Zayed: "There is no problem with Mr. Bao's 15% stake. Abu Dhabi will hold 55% of the shares, and Dubai will hold the rest. You two have no objection to this arrangement!"
Hearing the need to dominate from the get-go, Rashid certainly disagreed. Isn’t this what we want to do to hand over control of Dubai International Airport?
Rashid: "Of course this distribution ratio is not acceptable. Heiyun Group holds 15% of the shares. I have no objection. But the airport is being built in Dubai and must be led by Dubai. We have to pay for the land."
"Dubai must hold 51% of the shares, and the rest can be given to Abu Dhabi."
Zayed: "Does Dubai have so much money? You know the land in Dubai is not valuable."
In this way, the two people began to fight for shares. You must know that each additional share is an additional benefit. And it is more related to the control of traffic in the UAE, which no one will give up easily.
In the end, after a period of bargaining, Abu Dhabi held 45% of the shares and Dubai held 40%. It can be said that Abu Dhabi has more shares in name, but the airport is built in Dubai after all. In addition, the 15% shares held by Heiyun Group also posed hidden dangers; both parties must win the support of Bao Zixuan in order to completely occupy a dominant position.
The share distribution ratio of Emirates Airlines has also been negotiated. Black Cloud Group holds 30% of the shares; Abu Dhabi holds 40% of the shares; and Dubai holds 30%. Heiyun Group will provide the aircraft, and the other two companies will take shares in proportion to their capital.
The cakes of Emirates Airlines and Dubai International Airport have been cut in this way. It cannot be said to be perfect, but at least the three parties are currently satisfied with the distribution of benefits.
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