Start with hooves

At the party, many business representatives and wealthy businessmen showed strong interest in Caishen Capital's financial products.

Su Rui walked around and negotiated about US$16 billion in intended funds.

It's not that everyone in the UAE is rich, but the guests who can be invited to tonight's party belong to the upper class of society and have considerable resources.

The reason why many people attended the event tonight was because of Su Ruicai.

Due to the lack of diversified investment channels in the Middle East, locals have always liked to go to Europe and the United States to invest, crazy buying hotels, buying shares, venture capital high-tech companies, etc.

As the most popular investment genius in the United States in recent years, it is natural for Suri to be taken seriously.

Because he can make others rich and is very powerful, he is naturally sought after and welcomed by everyone.

He made the right move in establishing Caishen Capital.

Although the asset management business alone has not made much money, its influence is steadily increasing.

Before Christmas last year, an internal document from a consulting firm in Washington was leaked.

The above shows that experts predict that if anyone can win the public support of Suri, who has never expressed a clear position, it is predicted that it can influence tens of millions of voters, including Asians and young people, and increase the support rate by two to three. percentage point.

This explains why the White House worked tirelessly to send invitations to Suri last year.

Sometimes being in a neutral position is more intimidating. At least neither the donkey nor the elephant dare to offend him too much.

So after seeing the relevant news in the news, Su Rui felt that it was necessary to continue to maintain a certain distance from Washington.

On the one hand, it is for the sake of purity, and on the other hand, it is for safety reasons to avoid getting mixed up in certain things.

Now people on both sides like Suri.

Once he gives up his neutral and free lifestyle, it means that he may offend at least one-third of his fans or potential investors, which will in turn weaken his soft power.

The party is still the same as before, chatting about local customs and recent major international events.

If it weren't for the mainland's restrictions on capital flows, many procedures would be cumbersome, and Caishen Capital has not expanded its business to the country for the time being.

I believe that Suri was able to raise a large amount of funds while walking around the mainland in the past few days.

For a long time to come, the country will still be in its golden development period. Recently, he is more interested in absorbing funds from society to compete with some multinational companies and keep many development dividends in the country.

This is very beneficial to him, mainland investors and economic development.

Regarding the World Island matter, Suri did not give a positive or negative answer on the spot. He only told Mr. Isam that he needed to evaluate the relevant situation of the project.

The next morning.

Mr. Assam arranged for his assistant to send specific information about World Island to Suri, and specifically warned that it should not be leaked to the outside world.

After Suri browsed it carefully, she realized why it couldn't be made public. The reason is that the World Island project, which was declared to be only "temporarily comatose", has actually gone bankrupt, with debts of up to US$5 million and needs to continue to pay interest on bank loans.

If it weren't for being an official project in Dubai, the boss might have run away with the bucket out of concern for face.

Based on the information Suri found himself, we can only say that the current situation of the Dubai property market is simply terrible.

The Dubai Palm Island Group, which Issam is responsible for, has total liabilities estimated to exceed US$230 billion. In addition to the unfinished World Island project, it also has the "Palm Jebel Ali" project, which is larger than the Palm Jumeirah.

It is worth mentioning that the reclamation project of Jebel Ali Palm Island has also been completed. The original buyers have also replaced other properties under the Palm Island Group, and some have received refunds and compensation.

Hoshino Yuko has nothing to do.

Every time Su Rui finished reading a page, she also read it. At this time, she dozed off and said:

"No wonder you always say that after a certain amount of money, people will become numb to money. If you don't know the long series of numbers on it, you will think it is a phone number or product number. In order to make the city beautiful, this company If I owe so much money, it would be impossible for this kind of thing to happen in the United States."

Smile cheerfully.

Suri said to her:

"Yes, everyone is busy making money for themselves and never does unprofitable things. Americans always think this way, so urban construction is getting worse and worse."

“It’s not wrong to say that Dubai is a prestige project, but the Burj Khalifa, the Palm Island project, the World Island project, and the Burj Al Arab Hotel help Dubai attract millions of tourists every year, drive economic development, and attract Countless people are buying homes and providing a lot of employment opportunities.”

"Many investors have suffered heavy losses, but Dubai has made a lot of money. As a semi-official enterprise of Dubai, Palm Island Group's debt pressure is far less heavy than that of ordinary enterprises."

If you live in the United States for a long time, your brain will become stiff. The impact of propaganda day after day is really because you have the greatest system in the world.

Suri has more say in Dubai's approach to revitalizing the economy.

Don't look at the fact that the Palm Island Group owes a huge debt. In fact, the money from land sales, house sales taxes, consumer taxes, etc. have all been collected by Dubai officials, and it has also created a tourism industry worth tens of billions of dollars.

When the financial crisis broke out two years ago, Dubai officials spent US$170 billion to rescue the city. The economy and tourism industry have stabilized, but they failed to save the frothy real estate market.

Overall, it can't be said to be damaging.

However, projects such as World Island and Jebel Ali Palm Island, which have attracted global attention, will be like a needle sticking into the flesh, affecting investors' confidence in Dubai, as long as they are not properly resolved.

It is estimated that the official has no good solution, so they are trying to give it a try and want to use Suri's fame to help "bring goods" and take advantage of the economic recovery to revitalize the World Island project first.

After reading the information and combining it with the documents he collected from others, Su Rui had a better understanding of the specific situation.

Continuing to chat with Hoshino Yuko, he asked the girl to help massage her shoulders and neck, and told:

"It is not difficult to win these projects. As long as I am willing to take over, they will even be happy to get rid of the baggage and directly give it to me as garbage along with the liabilities."

"The real key point is that subsequent development requires a lot of funds, but the rate of return is difficult to guarantee. If I were to do it, I would swallow up the World Island project together with the Jebel Ali Palm Island at a very low price and make it While doing daily maintenance, be patient and wait for the economic cycle to improve.”

"Only develop a small part in the initial stage, work steadily, attract tourists, buyers, and tenants one after another, and strive to develop them in 20 to 30 years. It is equivalent to taking on more than one billion US dollars in debt to buy an area comparable to Prime land in Manhattan, and it would give me a lot of exposure and indirectly advertise for other industries.”

"This will be very interesting. By then I should already be worth hundreds of billions of dollars. I no longer care about the cost of development. They can make me the largest charter company in the Middle East." (End of Chapter)