MTL - Rebirth of Hong Kong 1981-Chapter 1021 Hassar's purpose

   Chapter 1021 Hasal's Purpose

  The top floor of the hotel

  Yang Chen and Prince Hasar were drinking and reminiscing.

   As the saying goes, if you don’t see each other for a day, it’s like every three autumns.

   For Prince Hassar, the simple three autumns are not enough to express his views on Yang Chen. In recent years, the Yang family's consortium has been prospering day by day, and it is surprising that it is getting better year by year.

   Compared with him, he was what he was before, and he is still what he is now, with no change at all.

   Of course, if Yang Chen was given a choice, he would actually prefer to live the life of Prince Hasar, with oil at home and no worries about food and clothing for the rest of his life.

   In my spare time, I travel around the world with my wife and children. This life is so free and colorful...

   As he is now, with the growth of Yang's consortium, even if he wants to stop now, he can't stop.

   This is like Song Taizu wearing a yellow robe. Sometimes it is not a question of whether you want to or not, but you have to do something.

   Even if you don’t do it, if you don’t want to, someone will force you to move forward.

   In the words of the richest man in horses in later generations, he regretted the creation of Ali the most in his life. The bigger the scale and influence of Ali, the greater the responsibility and pressure he needs to bear.

   And Yang Chen also has such thoughts now, but if you say that he wants to stop, it is absolutely impossible, some things have been enjoyed, and they are unwilling to lose them.

   Absolute wealth is equal to absolute power. When a person’s wealth reaches a certain level, wealth can be converted into power.

   A big country like the inland and the United States will certainly not let him do whatever he wants, but other countries, some small and medium-sized countries, with enough wealth, it is not difficult for him to do whatever he wants.

  The attraction of wealth and power is something that no one can resist. The so-called “no desire and no desire” is the same as those men and women who choose objects without any requirements. The more they have no requirements, the higher the requirements.

   "Yang, I heard that you own a telephone company."

   "Press?" Yang Chen looked up at Prince Hasar, and asked, "Prince, you invited me over this time, aren't you interested in the telecommunications industry?"

Prince    didn't deny it, he just nodded and said, "I'll tell you the truth, I invited you to come here because of this."

   Yang Chen frowned and said, "As far as I know, Saudi Arabia has now introduced European GMS technology, while my phone company uses American CDMA technology."

   Prince Hassar said: "Yang, I trust your vision. Since you choose US CDMA, it means that CDMA must be better than GMS."

   "Prince, thank you for your trust."

   "However, the commercial use of CDMA has not yet been completed. If you are not in a hurry, Prince, how about the situation at the end of the year?"

  Prince Hassar said: "I'm afraid it won't work in time. Before the end of the year, the Saudi government will make a final decision on promoting GMS. If we wait until the end of the year to introduce CDMA technology, I'm afraid it will be too late."

   Yang Chen: "What do you mean, Prince?"

  Prince Hassar said: "Our two joint ventures will set up the company in the shortest time and introduce CDMA technology. There is no need to lay too many base stations in the early stage, as long as the government can see the advantages of CDMA."

   "Yang, once the CDMA technology is approved, Saudi Arabia will vigorously promote the construction of domestic telecommunications network in the next few years. Once it is successful, we can obtain further orders from the Middle East."

Before the 1950s and 1960s, Saudi Arabia was still in a feudal society, but after the discovery of oil resources, with the foreign oil monopoly capital, in order to develop Saudi Arabia's oil resources, Saudi Arabia focused on building large-scale modern industrial enterprises that exploit, refine and transport oil. Build railways, highways, ports and other traffic roads, etc.

  In this way, the Saudi economy began to develop.

   As the saying goes, if you want to be rich, build roads first.

  From the early 1950s to the late 1960s, foreign companies built more than 4,000 kilometers of roads in Saudi Arabia. Objectively, this created the prerequisites for Saudi Arabia to unify its domestic market and form a bourgeois and capitalist economy.

As foreign capital continues to set up businesses in Saudi Arabia, the Saudi government, represented by the Saudi royal family, is also accelerating the process of oil nationalization. With the oil crisis in the 1970s and 1980s, the Saudi government, which has become increasingly rich in pockets, uses oil to obtain oil. Huge income, began to set up state-owned enterprises.

  In addition to the royal family, there are also some famous families who are closely related to the royal family, as well as people with business acumen and connections who have entered the industrial and commercial circles. These non-royal family members, under the call of government support, set up private enterprises and become big capitalists.

  At the same time as the emergence and growth of these big bourgeoisie, the needs of Saudi Arabia's modernization and the payment of petrodollars have brought a large number of intellectuals with modern education and professional knowledge and skills into what Western scholars call the "middle class".

  This class includes middle and senior employees in the military and administrative departments, managers in the industrial and commercial departments, engineering and technical personnel, teachers in the cultural and educational, health departments, doctors, lawyers, and so on.

   After decades of development, although Saudi Arabia has not entered the ranks of developed countries, due to the exploitation of oil resources and the opening of various factories, Saudi Arabia's population of 20 to 30 million, those former farmers, have gradually transformed into corporate workers.

  The living standard of ordinary people in Saudi Arabia is only higher than that of Southeast Asian countries. If you can participate in the construction of Saudi telecommunications network, it will naturally be a profitable business.

   The only thing to consider, however, is the Foreign Investment Regulations promulgated by Saudi Arabia in 1957, which prohibits foreign companies that do not absorb local capital from operating in Saudi Arabia.

   means that whenever foreign capital invests in Saudi Arabia, it must find a Saudi citizen partnership in Saudi Arabia.

   At the same time, the Saudi citizens of the partnership shall account for at least 51% of the total investment, and the equity shall not be less than 51%.

   In addition, Saudi employees and workers should account for no less than 75% of all employees and a series of policies to restrict foreign investment.

   These are similar to the current inland restrictions on foreign investment, and even Saudi Arabia is stricter in some aspects.

  In a few years, restrictions on the proportion of foreign investment shares will be loosened in the interior, and Saudi Arabia was so oppressed by foreign companies in the early days that such restrictions still prevail decades later.

   Therefore, there are still great restrictions on investing in Saudi Arabia, and even due to policy factors, it is impossible for foreign capital to empty its partners.

  Because the Saudi government has regulations, that is, every foreign-funded company recruits employees, and citizens of Saudi nationality have a certain proportion.

  With the existence of these Saudi employees, it is impossible to talk about overhead.

  ——

   (end of this chapter)