Resource Tycoon Reborn

Such high growth naturally makes the Saudis very excited. They established this sovereign fund company in order to make better use of Saudi Arabia's huge foreign exchange reserves, preserve and increase their value, and also to allow the Saudi Arabian government to obtain benefits in addition to oil exports.

In addition, there is another channel for generating income. After all, the fastest-renewing underground oil is not endless. Once there is no oil to be recovered from the oil field, domestic factories and enterprises will not have strong competitiveness in the world. If there are no other means of generating income,

Is it possible that tens of millions of Saudi Arabians will have to live the same miserable life again?

But after they learned more about it, they discovered that the companies owned by the Fang family were not valued by investors, but that they were not listed on the market, and they did not easily accept new shareholders. In short, even if they had money, they would not be able to do so.

Being able to become its shareholder. The Saudis then thought of Prince Al Saud. They had also heard that this man had met Fang Mingyuan several times and had some cooperation, and asked him to be the middleman.

"Fang, I can guarantee that our country's sovereign fund company really wants to invest in your family's companies. You also know that with so much foreign exchange, if you don't manage it well, the losses will be huge. Those companies under your family,

They are all considered to be high-quality assets with promising development prospects. Our investment can not only benefit the development of the enterprise, but also meet our requirements for maintaining and increasing the value of funds." Prince Al Saud said seriously.

Fang Mingyuan nodded. Prince Al Saud's meaning was very clear. Saudi Arabians just wanted to maintain and increase the value of their own funds and would not interfere with the normal operations of the company. Therefore, Fan Mingyuan did not have to worry about one day being taken over by a bird, and everyone could be happy.

Moreover, cooperation with the Saudi sovereign fund company will also bring a lot of conveniences. After all, it is a company backed by the state. Although Saudi Arabia’s strength cannot be compared with the five major countries, it is still a well-deserved leader in the Middle East.

Needless to say, Iraq, which has been sanctioned for many years, is also a bit worse than Iran. Moreover, the US$5 billion investment proposed by Prince Al Saud is also relatively sincere. Although the money is not small, if it is scattered

In two or three companies, the shares held are not enough to have any substantial influence on the control of the other company.

Moreover, Fang Mingyuan is indeed a little strapped for funds now. The start of each major project requires huge financial support. With an investment of five billion US dollars, the company's own capital will be more sufficient. More importantly,

Yes, Fang Mingyuan understands that eating too much alone will lead to public outrage. As the scale and influence of these companies under his own family continue to expand, the competitors they will face in the future will also become more powerful, and they will have one more wealthy friend.

It's also a good thing.

"Your Highness, I need time to think about this matter. Firstly, if these enterprises under our Fang family do not need funds, it is definitely an insult, but they have not reached the point of being hungry. Secondly,

Come, Chief Maktoum and Prince Abdullah..." Fang Mingyuan smiled and said nothing more. Prince Al Saud nodded knowingly. When it comes to being close, among the royal family members in the Middle East, Mark is the

Chief Toum and Prince Abdullah have the best relationship with Fang Mingyuan. The three co-founded the Second Gulf Bank. This is no secret. The two of them can naturally see the prospects of the Fang family's enterprises.

It’s not surprising that they have the same thoughts. After all, they are not short of money. For him, as long as Fang Mingyuan doesn’t refuse on the spot, it is a success.

Next, the two talked about the construction of the King's Economic City in Saudi Arabia. Prince Al Saud was full of praise for the construction speed and quality of Longxing Construction Group Company, but he was scornful of those Western companies. With Longxing

Compared with the construction group companies, the project progress of those companies is obviously lagging behind a lot, and the workers of these companies will cause some troubles from time to time. Although they turn a blind eye most of the time, after all, it is still a construction site.

There are no Saudi women, but many people are still driven out of Saudi Arabia. However, as the construction of the King's Economic City is gradually completed, nationals will be relocated there. If something happens again, it will cause some headaches for the officials.

.

"The subsequent projects of the King's Economic City will be launched one after another. I am very optimistic about Longxing Construction Group Company..." Prince Al Saud said with a meaningful smile.

Fang Mingyuan waved his hand indifferently: "Longxing Construction Group Company does not plan to take over the follow-up project."

"Why? What are you satisfied with?" Prince Al Saud said in astonishment. There are still quite a few follow-up projects in the King's Economic City. Although it is very difficult to build projects in Saudi Arabia, the price they offered is not low.

Ah. Now is the economic crisis, which Western construction company is not trying to take on as many projects as possible.

Fang Mingyuan smiled and said: "It's not that I'm dissatisfied. Firstly, Longxing Construction Group Company has started many large projects now, and high-quality engineering teams are in short supply. Secondly, your country's natural environment is really too... haha,

Many workers are not adaptable. Thirdly, the social and cultural systems of the two countries are very different, and the distance is long. The workers miss their hometown very much, and it is unrealistic to bring their families over. Your own workers... Haha, in the end it is

You work hard and earn hard money."

Although many projects in Saudi Arabia have been won by domestic construction companies in recent years, especially many railway and highway projects, Fang Mingyuan is not optimistic at all about whether these construction companies can ultimately make profits from the projects.

.

Prince Al Saud was speechless by Fang Mingyuan's words. After a while, he shook his head and said: "Forget it, for you, a few more projects or a few fewer projects is not a big deal.

"Several projects of Longxing Construction Group Company in King Economic City are under his name, Prince Al Saud. With his current relationship with Fang Mingyuan, it is natural that any problems can be solved through negotiation. He

His subordinates do not dare to embarrass him, but the subsequent projects in the future will not belong to him, Prince Al Saud. Although he will definitely be able to take care of it, he will definitely not be as considerate as now. If Longxing Construction Group Company withdraws

, but it also saves you from any trouble in the future. However... in this way, Fang Mingyuan is in a more comfortable position with regard to Saudi Arabia's financial investment. Prince Al Saud himself also knows very well that in addition to oil and

In addition to related industries, there are really not many other industries that can be used. The revenue of the oil industry accounts for about three-quarters of the country's total revenue, two-fifths of GDP, and 90% of export revenue!

Fang Mingyuan stayed in Dubai for three days and met with many important people in the Middle East before heading to Dortmund on November 1.

Angelina and Ansprenger went to the airport to welcome him. After the three of them got in the car, Ansprenger explained the reason why Abendrot did not show up because he had to take care of old Welf.

, and turned the topic to Greece.

On October 31, Greece's new Prime Minister Papandreou suddenly announced publicly that the government's fiscal deficit and public debt as a percentage of GDP in 2009 are expected to reach 11.8% and 12% respectively.

Thirteen, this number far exceeds the 3% and 60% upper limits stipulated in the EU's Stability and Growth Pact, and Papandreou declared that if the Greek government does not receive new economic assistance,

, may not be able to repay its debts on time, which suddenly shocked the whole of Europe, and the stock market plummeted! Eurozone governments and many international organizations, including the International Monetary Fund, are urgently negotiating how to deal with it.

As for the sudden Greek debt crisis, with reference to the damage caused by the previous Icelandic debt crisis, the governments of the Eurozone countries have a clear understanding of the huge destructive power caused by the Greek debt crisis.

Ansplenger said: "After the Greek debt crisis surfaced, we discovered that in the years since Greece joined the euro zone, the Greek government's fiscal deficit has 'exceeded the standard' many times, and every time it accepted the European Union and

Successive Greek governments have made solemn promises when facing inquiries and correction requests from institutions such as the European Central Bank. However, these promises have not been actually fulfilled. As a result, the credibility of the Greek government in the international market and the European Monetary Area has been reduced to a

This is a rare low point that makes all parties involved feel embarrassed. Governments of all countries are worried that if they give financial assistance to the Greek government to help it tide over the difficulties, whether the Greek government can actually fulfill its commitments. If it says it cannot.

If it does, wouldn't it mean that the Greek government's debt would further rise sharply, causing even greater trouble in the future?"?

Fang Mingyuan pondered for a moment. He also thought of the worries Ansprenger mentioned, and he also knew that at least until his death in his previous life, the Greek debt crisis could not be said to have passed, and by that time, European pigs would

The performance of the five countries can be said to have seriously hindered the Eurozone. In this world, because China has not launched a large-scale strong stimulus plan, the economic crisis has still not seen an inflection point. The global economic situation is worse than in previous generations.

It will be much more serious, and Greece's economic situation will naturally be even worse.

"I feel that how to assist Greece to prevent it from falling into default is not the most urgent. The German government should be prepared for another thing." Fang Mingyuan said seriously.

"What's the matter?" Ansplenger's heart suddenly rose.