Reborn in Hong Kong: The Tycoon Grows Up

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 only been gradually nationalized in recent years. The older generation of Saudi royal family members have suffered a little bit, but now this group of 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 probably very 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 probably more difficult; Saudi princes and princesses have become accustomed to their lives. This is especially true for students at King Saud University. Geniuses are often spoiled 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, petroleum 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. Received religious education from an early age. In 1963, he was appointed commander of the Saudi Arabian National Guard. In 1975, he was appointed second 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, leaving him to handle 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 him, Bao Zixuan knew that he was concerned about the status of oil. His achievements in the industrial field make others dare not look down upon him. The most important thing is that Heiyun Group's lithium batteries are unparalleled in the world. Although there is no threat to oil yet, 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 big, but with the development of science and 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 road paving, 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 are revolutionary advances in battery technology, it will be difficult to realize electric aircraft. Electric vehicles may appear in the next 20 years or so, but it will be difficult to achieve popularization in 40-50 years."

After hearing Bao Zixuan's analysis, the Saudis were somewhat relieved. However, they are very worried about the popularization of electric vehicles in the next four to fifty years. Using electricity for any means of transportation means less dependence on oil.

Bao Zixuan is definitely an authoritative person in this regard, and his words are 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 he 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 has asked relevant questions before, but this time it is the king and the crown prince who are asking the questions. Moreover, it was at a reception dinner held in the palace, and it was easy to make a joke by saying something nondescript. But no matter how good the words are, someone has to implement them. No matter how efficient Saudi Arabia is, no matter how good the plan is, it may not work.

Bao Zixuan: "Your Majesty the King, 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 in 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 is obvious, this opportunity cannot be missed.

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 in the context of corporate development. Let's just treat it as a chat between friends today. Unless you don’t think of us Saudis as friends.”

The words had come to this point, and Bao Zixuan knew he couldn't refuse. Prince Sultan said it was just a chat between friends, but there is no way to be friends 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 benefits be maximized."

Abdullah smiled and said: "Although what Mr. Bao said makes sense. However, 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 said with a smile: "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 We have never 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. PwC 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 oil has made other countries very jealous, and now it is coming to harvest the supply of the entire oil industry chain. That's not to cut off people's financial opportunities. This behavior is not very friendly.

However, most companies in European and American countries are private, and the other party will still be willing to sell as long as the price is reasonable. At the same time, control the scale 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 that’s what Bao Zixuan mentioned about PricewaterhouseCoopers.

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

As the leader of the Saudi royal family, he knows the state of their nephew. But every household is similar, so it’s hard to say much.

In fact, Bao Zixuan also had selfish motives and was openly giving advice to the Saudis. In fact, I want them to be the ones who stand out and take the lead for the Black Cloud Group. Every country attaches great importance to the oil industry chain. If the Saudis want to get involved, the threat of the black cloud will not be so obvious. The United States is a country that is willing to go to war for oil. Now that the Saudis are buying up domestic oil processing companies, no one can imagine how it will end.

A bright future is already beckoning to the Saudi royal family, and now it remains to be seen whether they will fall for it. 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: "Oil is a strategic resource after all. 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 said with a smile: "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’s 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 they failed, it was just a lesson learned. But if it succeeds, Saudi Arabia will have another way to make money, and then it will have a stronger voice and competitiveness in the world.

And this method can be extended to the entire Arab world, so that oil benefits can be maximized.