Start by trimming cow hooves

As the CEO of Palm Island Group, Issam does not have much real power and mainly obeys the arrangements of the royal family.

As long as it is beneficial to Dubai's economy, whatever is allowed to be developed will be developed.

When building some novel buildings, there is no need to consider the issues of costs and benefits. This is also the reason why the Palm Island Group has such high debt. Taking into account factors such as land, taxes and fees, the actual debt is not that scary. After all, the left hand is the right hand, and the meat is It still rotted in the home pot.

When looking at this company's information yesterday, Su Rui smelled the smell of a mainland state-owned enterprise.

Don't look at the fact that since the subprime mortgage crisis, the international community has always said how miserable Dubai is and how big the bubble is. In fact, the city has been in trouble in the past few years. Not only is the tourism industry booming, but it has also become a financial and trade hub in the Middle East. center.

Just at the end of last year, the UAE made a high-profile statement that it would spend US$28 billion to continue promoting tourism, and it was obvious that it had reaped the benefits.

Dubai has become one of the top ten most popular tourist cities in the world. Judging from the memories of previous lives, investment risks here are relatively small.

After listening to the price offered by Su Rui.

Issam felt that with the promised investment of US$2.5 billion, he might really be able to impress the royal family. Once the acquisition was successfully completed, his company could also reduce its annual loan interest by about US$40 million.

As for cooperative development and so on.

Not only was Suri unwilling, but Isam also felt it was unnecessary.

I've already fallen into a big pit. Why should I continue to stay in it now that I have the chance to climb out?

Whether it is the Jebel Ali Palm Island project or the World Island project, they have long been a thorn in the flesh of the Dubai royal family. Mentioning them will only feel like losing face internationally.

This opportunity to liquidate bad debts in one fell swoop, attract large investments, and inject new vitality into the Dubai property market should indeed be seized.

Since it was discovered that the project cannot make money and will occupy a large amount of principal, international hot money has long since fled, leaving these two super projects uninterested.

Now that Suri is willing to take over, it is perfect. With his reputation, it is possible to attract hundreds of thousands of tourists to Dubai in the future.

If the World Island and Jebel Ali Palm Island projects are really revitalized, they can indirectly create huge economic benefits.

There was a flash of lightning in my mind.

When he thought of this, Isam made a decision quickly and replied calmly:

"I probably understand what you mean. I will report to the superiors later and I should be able to give you a reply soon. Please stay in Dubai for a few more days. I will organize some dog racing, falconry and rabbit hunting, and desert cross-country tours." This type of activity is guaranteed to make you have a great time. You are our most distinguished guest in Dubai.”

Good guy.

Suri didn't need to guess, she knew that Isam was very satisfied with the conditions he offered.

It can only be said that he is worthy of being a state-owned enterprise executive. He obviously puts the interests of Dubai first, instead of worrying about the gains and losses of a company like ordinary private companies.

Before coming here, Suri was worried about whether Mr. Isam would take a ride on him and want a piece of the pie.

Now it seems that I was worrying too much.

If the World Island project and Jebel Ali Palm Island project are packaged together with debts to Suri, Dubai and the Palm Island Group can treat these two projects as never having been developed, and only need to wait for Suri to help create jobs afterwards. opportunities, create tax revenue, and promote tourism development.

In the hands of the Palm Island Group, they are just a mess, unable to come up with new plans for proper development, and repeatedly reminding investors of past lessons.

Comparing the two, there is no need to worry at all.

Issam sorted out the gains and losses again and found that there should be no pitfalls, so he calmly asked:

"To make it easier for me to report to the Sheikh, can I ask in advance how you plan to develop these two projects? Especially the Jebel Ali Palm Island, it is impossible to fully develop it with only US$2.5 billion."

Suri said with a smile:

"This is just the start-up capital, you don't need to worry. If it proves that there is really no way to develop it, then I will completely turn it into my private villa. This will be the most expensive residence in the world, even more exaggerated than the Queen's Buckingham Palace."

Anyone else would have thought Isam was joking.

However, Suri has spent hundreds of millions of dollars to build the world's most valuable private island, Lanai, and adding an even more valuable property seems not unimaginable. This is very Suri and fits his image in the outside world.

A young, willful, and extremely good at making money, a billionaire, obviously has the confidence to live like the chiefs.

Suri knew what Dubai valued and was worried that his joke would be taken seriously and the acquisition would fail.

so.

He then added to Isam:

"Unless there is no other way, I will choose to do that, develop it into real estate and sell it, or rent it to people in need. This can bring me more income. I will focus on developing the World Island first to avoid affecting you. As for the subsequent sales of Palm Jumeirah, as long as the project continues, the group of buyers who sued you will also give up pursuing it."

Suri was not kept waiting long.

After the two met, Isam went directly to the palace and quickly brought news that the acquisition had been approved, and the efficiency was ridiculously fast.

The only thing that needs to be changed is that when the news is announced to the outside world, it can only be said that the two parties are jointly developing it. This is obviously for the sake of face, and they are unwilling to admit that the two super projects have completely failed.

As for the acquisition price, the transaction is still based on US$1, and Suri will bear US$800 million in debt.

The person in the palace just needs to nod, and a lot of tedious steps are saved.

During the process of drafting the contract, Isam called his friends and took Suri to the countryside to race dogs and ride camels. He also gave him a trained gyrfalcon, the so-called "Haidongqing", which was reportedly put on the market. worth hundreds of thousands of dollars.

This gift was sent to Su Rui's heart.

Compared with it, the Hawaiian buzzard, which had been raised on Lanai Island for a period of time, was simply helpless in front of these Emirati buddies.

As a hunting target, the poor hare was unlucky for eight lifetimes today.

I was chased by a dog on my front legs, but I managed to escape, and then I was taken as prey by several eagles. I guess they never dreamed that one day they would be able to fly into the sky.

The locals mainly breed a kind of hound called "Arabian Greyhound", which is extremely explosive and runs very fast, and is also expensive.

An oil businessman wanted to give Suri an Arabian greyhound puppy as a gift, but Suri declined because he had cats at home and was afraid they would fight.

The main reason is that this kind of dog is a bit noisy, and Suri likes silence and doesn't want to be disturbed by the barking of dogs all day long.

In addition, he was also worried that he would be walking until he was almost breathless, and this kind of dog had just warmed up, and it was quite aggressive, so it was not suitable to be kept around.

It took more than a day.

After lawyers from both sides discussed the contract details one by one, Issam held a grand press conference to publicly sign and exchange contracts with Suri.

On the same day, some international media said that "with Suri's investment, new vitality has been injected into the Dubai real estate market", "the time has come to buy Dubai real estate at the bottom" and so on.

Suri doesn't want to trick anyone.

It only announced that it would be redesigned and developed step by step, and other issues were ignored.

It took him a few days to thoroughly sort out two huge projects. Before returning to New York to continue filming "The Ex", he also received some unexpected surprises.

For example, the World Island-Lebanon Island Resort Hotel project that the original company focused on building as a model is almost completed. It has sand houses, restaurants, swimming pools, licensed bars, etc., which looks small but sophisticated.

With the signing of the acquisition contract, "Lebanon Island" was also handed over to Suri. When he comes to Dubai for vacation next time, he will probably be able to live on this island.

His current idea is to wait until the time is right to find a cost-effective construction team from China to build ultra-luxury villas on more than 100 islands of his own.

Only one building is built on each island, and it is positioned as "the richest district in the Middle East" and "the back garden of the super rich". (End of this chapter)