Resource Tycoon Reborn

Prince Abdullah immediately felt much more stable. You must know that the price of oil used to fluctuate around more than ten dollars for many years. Although the international market price of oil has dropped significantly, it is still different from that of those years.

In comparison, this price is still high. Fortunately, most of Kuwait's oil fields are high-yield spontaneous wells, and the production costs are relatively low. Even at the current price, there are enough profits, but the Kuwait government has to spend more in the past two years.

Saved!

"Don't ask me why. I can't give you a satisfactory explanation. I can only say that this is my intuition." Fang Mingyuan blocked Prince Abdullah's question first. Prince Abdullah thought for a while and was speechless.

Xiaoxiao, he is not that pedantic person. Naturally, he understands that Fang Mingyuan's judgment must contain a lot of secrets. If Fan Mingyuan can tell himself a result, he has already given himself a lot of face. If he wants to

It would be too much to force the other party to tell you all the basis for making this judgment. It's like drinking Coca-Cola. You can't ask the other party to tell you the recipe, right?

The two got out of the car and saw a large manor on the seaside in front of them. As members of the Kuwaiti royal family and related to Sheikh Maktoum, their personal relationship was so good that Prince Abdullah also enjoyed it in Dubai.

With special care, the manor's housekeeper and staff have been waiting at the door to welcome the owner's arrival.

"By the way, if you get tired of staying in the palace, you can come to me at any time." Prince Abdullah said to the butler, "Remember, when he comes, you have to serve him like you serve me!" The butler said.

He looked at Fang Mingyuan seriously and bowed.

The group entered the villa, and Prince Abdullah’s entourage was arranged throughout the villa. Although it was only a short trip and the trip was to Dubai, Prince Abdullah’s entourage still numbered more than fifty people.

Fang Mingyuan, Angelina and Prince Abdullah came to the living room, and everyone sat down. Prince Abdullah suddenly snapped his fingers, summoned an attendant and whispered a few words, and the attendant quickly

He left in a hurry, and within two minutes, another small gold box with gems was delivered. Prince Abdullah then said to Fang Mingyuan: "I almost forgot, congratulations on being a bridegroom again."

Baby, this is my little gift." Fang Mingyuan laughed, patted Angelina's hand, and motioned for her to put the box away. He and Prince Abdullah had no need to be polite. They were rich and powerful.

Prince Abdullah also has this confidence. If you don't accept it, it will make him unhappy. This is Fang Mingyuan's experience after getting along with him for many years.

"Fang, I actually have another thing to do when I come here this time." Prince Abdullah put down the coffee cup and said seriously, "I came to you to attract investment and find projects..." Although Kuwait's current oil

The production capacity has reached 2.55 million barrels of oil per day, which is a huge increase compared with before the Gulf War. Coupled with the rise in oil prices in recent years, the double growth in price and production has given the Kuwait government stability and abundance.

With fiscal revenue, it has enough financial resources to expand public expenditures and promote the construction of some large domestic infrastructure projects, thus driving the development of related industries. The growth in consumer demand of wealthy people has also driven the country's economic prosperity.

However, Kuwait's economy also has obvious shortcomings. Like other oil-producing countries in the Middle East, Kuwait's national economy relies too much on the oil industry, while other industries cannot develop adequately. In the international market, there is a strong demand for oil.

At that time, this shortcoming was not obvious, but once the price of oil fell, this shortcoming became particularly glaring. Therefore, Kuwait has also been diversifying its economy in recent years to make up for this shortcoming!

"We are gradually opening the market to investors, including overseas investors, allowing foreign banks to set up branches in Kuwait, and canceling the government guarantee system for private commercial banks to promote healthy competition between domestic banks and foreign banks. We are also discussing how to operate

Privatize the loss-making state-owned airlines, build new ports, free trade zones, and modern large-scale logistics centers to stimulate the economic vitality of the country's private enterprises, expand business exchanges with Middle Eastern countries, and restore our country's status as a regional financial and trade center." Abdul.

Prince La said.

Before Iraq invaded Kuwait, Kuwait was located on the seaside, had excellent ports, and had a convenient highway network that could lead to many Middle Eastern countries. It was once the center of entrepot trade in surrounding areas. However, later Gulf countries vigorously developed ports.

The importance of Kuwait's ports gradually weakened. Iraq's brazen invasion in the 1990s not only caused huge losses to Kuwait's economy, but also disrupted Kuwait's entrepot trade. Later, after Iraq withdrew from Kuwait, the relationship between the two countries completely deteriorated.

Cutting off the trade lines in northern Kuwait, this resulted in a large number of cargo ships no longer being transported to various countries via Kuwait ports, but turning to ports in the southern Gulf countries, especially Dubai in the United Arab Emirates. This resulted in a small number of Kuwait's non-oil industries.

It's like the decline of a decent industry.

Speaking of this, Prince Abdullah was also full of bitterness. The impact of the war of aggression on Kuwait could be said to be far greater than the post-war estimates. It not only brought huge property losses to Kuwait, but also caused huge property losses to Kuwait.

It also interrupted the economic reform process carried out by the Kuwaiti government at that time. After the war, Kuwait had to put aside its original economic reform process and invest a huge amount of funds in national reconstruction and military reconstruction. Moreover, it also caused

A large number of foreign companies and banks withdrew from Kuwait, and Kuwait's already weak non-oil industry has never recovered!

After expelling Iraq from Kuwait, most of the energy of the successive government cabinets was restrained by the complex and unstable political situation in the Gulf region. They were especially wary of neighboring Iraq, and were always worried that the Iraqi army would once again enter Kuwait.

The Americans are bullshit, but it is not a problem to fight the Kuwaitis. Although Kuwait has more advanced weapons and equipment, they are still not on the same level. Until later, the United States decided to overthrow the Iraqi regime and launched

After the war in Iraq, the Kuwaitis were only half-hearted and half-hearted, because the chaotic situation in Iraq has always been difficult to let go.

During this period, although Kuwait's national economy has developed rapidly due to the rise in oil prices, the government finances have been greatly enriched, and the national living standards have also benefited greatly, but one thing cannot be changed, that is, Kuwait has now become a Gulf

Among countries, it is the country that lags behind most in the development of non-oil industries.

The United Arab Emirates has invested heavily in developing tourism, services, finance, aviation and energy industries. The revenue from tourism in the Emirate of Dubai has now surpassed oil export revenue, which accounts for less than 1% of the GDP of the Emirate of Dubai.

Ten share, and tourism has also created a large number of employment opportunities for Dubai and brought huge benefits. The great development of tourism has also driven the domestic retail and aviation industries in Dubai. The number of people transiting through Dubai International Airport is more than

Since a few years ago, it has more than tripled, and Emirates has become one of the world's top airlines. On the other hand, Kuwait Airways, which was established in 1954, only has more than 20 passenger planes.

Emirates, which was founded thirty years later, now has nearly ten times as many passenger planes!

Kuwait Airways has been losing money for consecutive years and needs huge subsidies from the government every year. Otherwise, it will soon go bankrupt. Emirates Airlines has been profitable since the third year of its establishment, and its profits have been growing at a high speed. So far, it has not

There have been losses. Compared with the two, the gap is huge! How can this not make Kuwaitis envious! The development of domestic tourism has not received enough attention from the government. It can be said that except for its annual

Apart from the "Hala" carnival, during the rest of the time, Kuwait's tourism industry has nothing outstanding, and it is a complete waste of its superior geographical location!

And it’s not just the United Arab Emirates. Saudi Arabia is committed to developing industrial and consumer products. Oman has used its geographical advantages in the Middle East to build itself into an important oil export channel in the Gulf. Bahrain is developing the international financial industry, and Qatar has also begun to learn from it.

The United Arab Emirates and Saudi Arabia are working hard to develop other industries. Except for Iran, which is under international sanctions, Iraq, which is in post-war chaos, and Pakistan, which has always been unstable, it can be said that Kuwait has lagged far behind in the development of non-oil industries.

Other countries!

Although in recent years, the Kuwait government has put forward many plans to change the status quo and develop non-oil industries, but they have been loud but rainy, and have not achieved any good results. But this time the economic crisis has

The sudden and sharp decline in the price of oil in the international market has awakened many people in the country and forced them to face up to this problem. If the price of oil in the international market has been depressed for a long time, what can Kuwait do to ensure that the country's GDP does not decline and that the nationals' GDP does not decline?

Will the quality of life not deteriorate? How to ensure the stability of the royal rule?

"The huge potential losses caused by that war to our country's economic development are gradually becoming apparent." Prince Abdullah sighed.

Fang Mingyuan nodded. He was also very clear about the current economic situation in Kuwait. He also had a few words with Prince Abdullah and the Emir of Kuwait back then. However, due to the instability of the external environment, no matter what the outcome of the two people was,

Whether you listened or not, there were no obvious changes afterwards. It was precisely because the Kuwaiti royal family had a clearer and clearer understanding of this serious consequence that they had an urgent desire to change.

"Actually, I think Kuwait's economy still has great potential in the future. Iraq's post-war reconstruction requires the import of a large amount of materials from overseas. With all its current port capacity, it is completely unable to meet domestic needs. However, it is true that like your country,

According to knowledgeable people, Kuwait really needs to vigorously develop non-oil industries!" Fang Mingyuan said, "But which industries to develop and how to develop them need to be carefully considered by your government."

"Do you have any good suggestions?" Prince Abdullah asked immediately.

"Tourism and re-export trade, I think, should be the priority industries for your country to develop. These two industries should be used to stimulate related industries. As for other industries, including light industry including food processing industry, they can be developed appropriately, and heavy industry..."

Fang Mingyuan shook his head and said no more. After all, Kuwait is a small country. Whether it is population, land, or domestic consumer market, it is quite limited. Moreover, the cost of building a factory in Kuwait to develop industry will be very high, and there is no global competitiveness at all!

"Furthermore, your country currently has many negative factors such as its heavy reliance on foreign workers, the high degree of market monopoly of state-owned enterprises that strongly inhibits the development of private enterprises, inadequate trade and investment regulations, and the instability of domestic and regional political situations.

They are all serious obstacles to the development of non-oil industries in your country. If these problems are not solved, even if they are significantly alleviated, it will be extremely difficult for your country to develop non-oil industries." Fang Mingyuan said solemnly.

Prince Abdullah let out a long sigh. He didn't know about these problems, but it was not easy to change all this! If it hadn't been for the plummeting price of oil in the international market, the conservative forces in the country would still be stubborn.

Block Kuwait’s economic reform process!

"Fang, the Emir and we all hope that you can increase investment in our country and lead the development of our country's non-oil industries, preferably in the industrial field. We will give you special preferential treatment in terms of funding, policies and many other aspects. I don't know if you

Are you interested in this?" Prince Abdullah asked.

"Ah?" Fang Mingyuan was startled. Prince Abdullah's request was somewhat unexpected.

"Your Highness, did I hear you correctly? How can I, a commoner, shoulder such an important task?" Fang Mingyuan said in surprise. Investing in setting up factories in the Middle East countries and developing whether it is light industry or heavy industry is a difficult task!

If nothing else, the many policies and regulations here are enough to make investors avoid it. For example, the relatively high salary expenses require the hiring of a certain number of locals, and although these locals often have good academic qualifications, they

However, they have become accustomed to the local life of high salary, high benefits, and low work pressure. Locals in various countries who are unwilling to enter private enterprises prefer to choose government jobs with high income and excellent working conditions but do not create value. This makes people in the Middle East

Countries all rely heavily on foreign workers to varying degrees. The large use of foreign workers, especially workers from non-Japanese countries, will bring many management troubles. In this regard, Fang Mingyuan explained through Fang Mingyuan

Many companies have gained profound experience in the Middle East market over the years. If all local workers are hired, in today's global competitive market, unless it is an industry that produces products that are not in demand, the company will not make much profit at all.

!So many investors are extremely cautious when investing and building factories in the Middle East, because if they are not careful, they may lose their pants.

Prince Abdullah rolled his eyes at him. If he were a commoner, how many people in the world would dare to say that they were not a commoner? Although he did not have any royal family or royal title, those powerful people, and

How many would refuse to meet him?

"I know that our country's policies are much stricter than Dubai's in this regard, but you must also see that the cost of living in Dubai today is much higher than ours. If you can invest in Dubai, why can't you invest in our country?

?" Prince Abdullah said seriously, "Moreover, our government has been constantly changing in recent years. For example, women in our country have more rights than women in many countries in the Middle East. Is this true?"

Fang Mingyuan nodded honestly. From this point of view, the Kuwaiti government is indeed relatively advanced among Middle Eastern countries in protecting women's rights. Women in Kuwait can participate in the election of the Kuwait Municipal Council and can go beyond the past.

Isolated from the outside world, the high-walled courtyard is involved in all areas of Kuwait’s social life and plays an important role in industries such as teaching, medical care, journalism, finance, commerce and public services. It is in Kuwait’s government agencies and social groups.

The proportion of female employees has reached about 40%, and some outstanding women can also hold important positions such as university presidents and ministerial assistants.

"Even Kuwait is making changes in this area. Can economic reform be more difficult than this?" Prince Abdullah waved his hand and said, "I know that compared with other countries in the world, it is with the Middle East.

Compared with some countries, we in Kuwait still have many shortcomings. We are also looking for ways to improve and want to catch up with the pace of the world. We hope that we can get your strong help!"

"You guys want me to be that horse bone!" Fang Mingyuan said with a bitter smile. Having said it to this point, how could he shirk it, especially after greatly helping Dubai, rejecting Kuwait's request will undoubtedly hurt people's hearts.

.Especially on the premise that he has always had a good relationship with the Kuwaiti royal family. Until now, one of his luxury business jets is still purchased and used, and all maintenance funds are borne by the Kuwaiti government.

"That's right, we are willing to buy you tens of thousands of dollars to be that horse bone!" Prince Abdullah laughed and said, Fang Mingyuan once told him the allusion of thousands of dollars to buy horse bones. And they indeed hope so, as long as

If Fan Mingyuan intends to invest in Kuwait, it will definitely attract many investors to pay attention to Kuwait. Dubai is a good example of this! In many cases, the role of a leader is immeasurable! Moreover, Fan Mingyuan’s

Enterprises indeed have this ability! (.)