v2 Chapter 574： Saudi economic situation

Bao Zixuan's words caused everyone present to ponder, Saudi Arabia's prosperity is inseparable from oil. However, in the early years, Saudi oil did not belong to the country, and in recent years it has been gradually nationalized. The older generation of Saudi royal family members have suffered a little bit, but now these young people are born with golden keys.

It seems that the lifestyle really needs to change, especially for students. Otherwise, it will never be possible 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 will be easy to change, it is estimated that it is more difficult; Saudi princes and princesses are used to life. This is even more the case for students at King Saud University, where geniuses are often abandoned in the comfort of their lives.

At this time, a prince sitting next to Bao Zixuan said: "Hello, Mr. Bao! I am Abdullah. Do you think the power system of vehicles such as cars and planes will use electric engines in the future; that is to say, oil was replaced."

Abdullah was born in Riyadh, the capital of Saudi Arabia, in August 1924, the eldest son of Abdul Aziz bin Abdul Rahman and his eighth wife, Fahda. Religious education from an early age. In 1963, he was appointed commander of the Saudi Arabian National Guard. In 1975, he was appointed as the second deputy prime minister. In June 1982, he was established as the crown prince and first deputy prime minister and commander of the National Guard. In 1995, his half-brother, King Fahd, suffered from a stroke and was in poor health, so he took care of government affairs. After the death of King Fahd on August 1, 2005, he succeeded to the throne on August 3, 2005.

Hearing the crown prince talking to himself, Bao Zixuan knew that he was concerned about the status of oil. His achievements in the industrial field make the other party dare not take it lightly. The most important thing is that the lithium battery of Heiyun Group is unparalleled in the world. Although there is no threat to oil yet, with the development of technology, who knows what the future will be like, so planning ahead is king.

Bao Zixuan said with a smile: "This problem is really too big, but with the development of technology, electric vehicles and aircraft should be able to achieve it; but the status of oil is difficult to shake. Oil is not only a fuel for internal combustion engines; there are many industrial fields. Petrochemical products are needed. Such as asphalt for paving, sponge for furniture, paint for painting. These are all petrochemical products. In fact, petrochemical products are needed in many fields, but they are only covered by the light of automobile fuel. ."

"However, even if the internal combustion engine is really replaced, it will not be realistic in a short period of time. It takes a lot of energy to propel a car, and the current battery technology cannot achieve it, and it is even more difficult to propel an airplane to fly in the sky."

"Unless there is a revolutionary advancement in battery technology, it will be difficult to realize electric aircraft. Electric vehicles may appear in the next 20 years or so, but it is difficult to achieve popularization without 40-50 years."

Hearing Bao Zixuan's analysis, the Saudis felt relieved. However, they are very worried about the popularity of electric vehicles in the next 40 to 50 years. The use of electricity in any vehicle means less reliance on oil.

Bao Zixuan is definitely an authoritative person in this regard, and he is definitely not aimless when he says this. Once the whole world becomes less dependent on oil, then Saudi Arabia will be 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 he is doing business in the economically developed city of Hong Kong. Therefore, I would like to ask you what you think of the Saudi economy, or that Saudi Arabia will move towards that in the future. direction."

As soon as this question came out, Bao Zixuan knew that he had caused trouble again. Prince Sultan has asked relevant questions before, but this time it is the king and the crown prince who are asking. Moreover, it was at the reception dinner held by the palace, and it was easy to make a joke if it was nondescript. However, no matter how good it is, someone has to implement it. No matter how efficient Saudi Arabia is, the plan 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 a country's development outline. I don't know much about Saudi Arabia's economic situation, so I don't dare to analyze it too much. ."

Hearing that Bao Zixuan did not want to answer, the king quickly gave Prince Sultan a look. The meaning is obvious, this opportunity cannot be missed.

Prince Sultan said with a smile: "Don't be humble, Mr. Bao, as the most famous entrepreneur in the world; the most successful entrepreneurial genius, you can talk about it in combination with the development of the business. Today is a chat between friends, Unless you don't treat us Saudis as friends."

For the sake of this, Bao Zixuan knew he couldn't refuse. Prince Sultan said that it was a chat between friends, but there was no friend who benefited from it.

Bao Zixuan: "Then I will express my opinion. If there is something wrong with what I say, I hope you don't take offense."

"The oil industry chain can be extended. If Saudi Arabia wants to develop, it must establish a supporting oil industry system. It is the only way to maximize profits by striving to earn every profit in the oil industry."

Abdullah said with a smile: "Although Mr. Bao's statement is very reasonable. However, ocean transportation is still safer for crude oil, and the risk factor of transporting refined oil is very high. Moreover, for other petrochemical derivatives, the shipping cost to other countries is higher than the production cost. higher."

Bao Zixuan understood what he meant. It seemed that the Saudis' ideology had not changed.

Bao Zixuan said with a smile: "This is the importance of going out. Saudi Arabia only thought about buying and selling oil before; it forgot the economic benefits of other oil-derived products. It is true that I told you that the risk of transporting refined oil is very high, but you want to I have never gone to other countries to establish oil production and processing bases.”

"Or directly purchase the existing oil bases in other countries, and then upgrade them. In this way, Saudi Arabia can rely on the advantages of oil resources to improve the industrial chain, and even control the oil supply in the entire Middle East."

“The Saudi Investment Authority has purchased many companies’ stocks before, but it is difficult to guarantee the safety of investment in areas that they do not understand. The Saudi royal family has a large population and can send a few capable talents to manage these companies. PwC and mine The relationship is good, I can introduce it to you.”

This can indeed increase profits, but it is also a huge risk. Saudi oil has already made other countries very jealous, and now it is time to harvest the supply of the entire oil industry chain. That's not to cut off people's money, this behavior is not very friendly.

However, most of the companies in European and American countries are private in nature. As long as the price is reasonable, the other party will still be willing to sell. At the same time, control the scale, but dare not set the price too high. The operability is still very strong, and the most important thing is to let the princes have something to do. Not to be idle every day, and PricewaterhouseCoopers mentioned by Bao Zixuan also means this.

Controlling accounts is a prerequisite for going out to achieve profitability. If not managed well, the expenses of these princes alone can bankrupt the business.

As the ruler of the Saudi royal family, he knows the status of their sons and nephews. However, each household is similar, and there is not much to say.

In fact, Bao Zixuan also has selfish intentions, and clearly advises the Saudis. In fact, I want them to be this early bird and top the tank for the Heiyun Group. The oil industry chain attaches great importance to any country. If the Saudis want to step in, then the threat of the black cloud is not so obvious The United States is a country that can make a knife for oil, and now the Saudis are rampant No one can imagine how the end of the purchase of domestic oil processing enterprises will end.

A bright future is already beckoning to the Saudi royal family, and now we will see if they will get caught. It is very attractive to the Saudi royal family who have money and no place to invest, and the probability of investing in familiar fields will be more profitable.

Abdullah: "Oil is a strategic resource after all. Will other countries open up the field of oil processing?"

Bao Zixuan knew that there were still people who understood, but fortunately he was well prepared; he said with a smile: "There are still many poor people in this world, that is, there will be more countries with backward economic development. These countries use a lot of money, and they will inevitably open up some areas. Let it be given to foreign capital. Otherwise, they have no money to invest, so it is better to pay more taxes with peace of mind, which is more in line with national conditions.”

"And it's only one direction at the moment, that is, if you want to go out, you have to choose a place where the economy is relatively backward to start."

When Bao Zixuan said this, everyone felt that they could give it a try, and it didn't matter if they failed, they were just buying a lesson. But once it succeeds, Saudi Arabia will have more money, so it will have stronger voice and competitiveness in the international arena.

And this method can be extended to the entire Arab world, so as to maximize the benefits of oil.

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