Reborn Xiangjiang Tycoon Growth
Chapter 574 Saudi Arabia's Economic Situation 1
Bao Zixuan's words made everyone present think deeply. Saudi Arabia's prosperity is inseparable from oil. However, in the early years, Saudi oil did not belong to the country, and it has been gradually nationalized in recent years. The older generation of Saudi royal family members have suffered a little bit.
Nowadays, these young people were born with golden keys in their mouths.
It seems that the lifestyle really needs to change, especially for students. Otherwise, we will never be able to cultivate useful talents. It is estimated that it will be difficult for a student who cannot endure hardship to persevere in scientific research.
Everyone understands the truth, but it is easy to change, and it is estimated to be more difficult; Saudi princes and princesses have become accustomed to life. This is especially true for students at King Saud University. Geniuses are often nurtured in a comfortable life.
At this time, a prince sitting next to Bao Zixuan said: "Hello, Mr. Bao! I am Abdullah. Do you think the power systems of cars, airplanes and other means of transportation will use electric engines in the future? That is to say, oil
's position was replaced."
Abdullah was born in Riyadh, the capital of Saudi Arabia, in August 1924, the eldest son of Abdulaziz bin Abdulrahman and his eighth wife Fahda. He received religious education from an early age.
.Served as commander of the Saudi Arabian National Guard in 1963, and was appointed second in command in 1975
Deputy Prime Minister, in June 1982, he was appointed Crown Prince, First Deputy Prime Minister and Commander of the National Guard. In 1995, his half-brother King Fahd suffered a stroke and was in poor health, so he handled government affairs. In August 2005
After the death of King Fahd on the 1st, he succeeded to the throne on August 3, 2005.
Hearing the Crown Prince talking to him, Bao Zixuan knew that he cared about the status of oil. His achievements in the industrial field made the other party dare not underestimate him. The most important thing was that Heiyun Group's lithium batteries were unparalleled in the world. Although it has not yet posed a threat to oil.
, but with the development of science and technology, who knows what the future will be like, so it is wise to prepare for a rainy day.
Bao Zixuan said with a smile: "This problem is really too big, but with the development of technology, electric cars and airplanes should be able to be realized; but the status of oil is difficult to shake. Oil is not only the fuel for internal combustion engines; there are also many industrial fields
Petrochemical products are needed. For example, asphalt for paving roads, sponges for furniture, and paint for painting. These are all petrochemical products. In fact, petrochemical products are needed in many fields, but they are just overshadowed by the luster of automobile fuel.
.”
"However, even if the internal combustion engine is really replaced, it will not be realistic in a short time. To propel a car requires a lot of energy, which cannot be achieved with current battery technology. It is even more difficult to propel an aircraft into the sky."
"Unless there is a revolutionary advancement in battery technology, it will be difficult to realize electric aircraft. Electric cars may appear in the next 20 years or so, but it will not take 40 to 50 years to popularize them."
After hearing Bao Zixuan's analysis, the Saudis were somewhat relieved. However, they were very worried about the popularization of electric vehicles in the next four to fifty years. The use of electricity in any means of transportation means a reduction in dependence on oil.
Bao Zixuan is definitely an authoritative person in this regard, and what he said is certainly not without purpose. Once the entire world reduces its dependence on oil, Saudi Arabia will become very embarrassed.
The king also began to think at this time, so he said seriously: "Mr. Bao has studied in Europe and the United States for many years, and has been doing business in Xiangjiang, an economically developed city. Therefore, I would like to ask you what you think of the Saudi economy, or what direction Saudi Arabia will take in the future.
direction of development.”
As soon as this question came up, Bao Zixuan knew that he was causing trouble again. Prince Sultan had already asked relevant questions before, but this time it was the king and the crown prince who were asking the questions. Moreover, it was at a reception dinner held in the palace, and it was easy to cause trouble if he said anything inappropriate.
It’s a joke. But no matter how good the words are, someone has to implement them. No matter how efficient Saudi Arabia’s work plan is, it may not work.
Bao Zixuan: "Your Majesty, this question is really too big. I really don't know how to answer it for a while. After all, it is related to the development outline of a country. I don't know much about the economic situation of Saudi Arabia and I dare not make too much analysis.
.”
Hearing that Bao Zixuan didn't want to answer, the king quickly gave Prince Sultan a look. The meaning was obvious and he couldn't let this opportunity pass.
Prince Sultan, who understood deeply, smiled and said: "Mr. Bao, don't be modest. As the most famous entrepreneur in the world and the most successful entrepreneurial genius, you can talk about it casually based on the development of the enterprise. Let's treat it as a chat between friends today.
Unless you don’t think of us Saudis as friends.”
Now that the conversation had come to this point, Bao Zixuan knew he couldn't refuse. Prince Sultan said it was just a chat between friends, but there is no way to be a friend without benefits.
Bao Zixuan: "Then I will express my humble opinion. I hope you won't be offended if what I said is wrong."
"The oil industry chain can be extended. If Saudi Arabia wants to develop, it must establish a supporting oil industry system. Strive to earn every profit in the oil industry. Only in this way can the benefits be maximized."
Abdullah smiled and said: "Although what Mr. Bao said makes sense, crude oil is safer in ocean transportation, and the risk factor of transporting refined oil is very high. Moreover, the freight cost of transporting other petrochemical derivatives to other countries is more than the production cost."
Be high."
Bao Zixuan understood what he meant. It seemed that the Saudi people's ideas had not changed yet.
Bao Zixuan smiled and said: "This is the importance of going global. Saudi Arabia only thought about buying and selling oil before, forgetting the economic benefits of other oil derivatives. Indeed, as I told you, the risk of transporting refined oil is very high, but do you want to
Have you ever gone to other countries to establish oil production and processing bases?”
"Or directly purchase existing oil bases in other countries and then upgrade them. In this way, Saudi Arabia can rely on its oil resource advantages to improve the industrial chain, and even control the oil supply in the entire Middle East."
"The Saudi Investment Authority has purchased many company stocks before, but it is difficult to guarantee the safety of investments in areas that it does not understand. The Saudi royal family has a large population and can send out several capable talents to manage these companies. PricewaterhouseCoopers and I
I have a good relationship and I can introduce him to you."
This can indeed increase profits, but it is also a huge risk. Saudi Arabia's oil has made other countries very jealous, and now it has come to harvest the supply of the entire oil industry chain. This is not a loss of people and money, this behavior is not very friendly.
However, most companies in European and American countries are private, and as long as the price is reasonable, the other party will still be willing to sell. At the same time, control the scale well, and don’t dare to set the price too high. The operability is still very strong, and the most important thing is that it can give the princes something to do.
.You won’t be idle every day, and the PricewaterhouseCoopers mentioned by Bao Zixuan also means this.
Controlling the accounts well is a prerequisite for going out and making profits. If not managed well, the expenses of these princes alone can bankrupt the company.
As the person in charge of the Saudi royal family, I know what condition their nephew is in. But every family is similar, so it’s hard to say much.
In fact, Bao Zixuan also has selfish motives, and he is obviously giving advice to the Saudis. In fact, he wants them to be the frontrunners and support the Black Cloud Group. Every country attaches great importance to the oil industry chain, and the Saudis want to get involved.
feet, then the threat of the black cloud is not so obvious. The United States is a country that is willing to go to war for oil. Now the Saudis are buying up domestic oil processing companies, and no one can imagine how it will end.
A bright future is already beckoning to the Saudi royal family, and now we have to see whether they will take the bait. It is very attractive to the Saudi royal family who have money but no place to invest. The probability of making a profit by investing in familiar fields will definitely be greater.
Abdullah: "After all, oil is a strategic resource. Will other countries open up their oil processing fields?"
Bao Zixuan knew that there were still people who knew better. Fortunately, he was prepared in advance. He smiled and said: "There are still many poor people in this world, which means there will be more countries with backward economic development. These countries have many places to use money, and they will inevitably open up some areas.
Leave it to foreign investors. Otherwise, they won’t have the money to invest, so it would be better to collect more taxes with peace of mind, which is more in line with the national conditions.”
"And it's just one direction at the moment. Even if you want to go global, you have to choose a place with a relatively backward economy."
When Bao Zixuan said this, everyone felt that they could give it a try. It didn't matter if it failed. It was just a lesson learned. But if it succeeds, Saudi Arabia will have another way to make money, and then its voice and competitiveness will be stronger in the world.
And this method can be extended to the entire Arab world, so that oil benefits can be maximized.
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