For the investment in the investment of Newcastle Saudi Arabia

01 Viewpoint

British media reported at the end of last month that Public Investment Fund (PIF), which was instructed by Mohammed Bin Salman by Saudi Arabia, was negotiated with 80 % of the equity of Newcastle's Newcastle team Newcastle in order to enhance the diversity of investment portfolios.However, in the face of the internal and external problems faced by Saudi Arabia, Muhammad not only difficult to imitate the stories of the bidding for the Ashibabi Investment Bureau to invest in Manchester City.Essence

Since the Saudi authorities intend to acquire Newcastle's news from Newcastle, all parties have responded to half.On the one hand, after some fans saw that the sovereign funds of the oil producer were put in Manchester City and the PSG of the Ligue 1 team, in addition to the huge resources to acquire star players, the two teams also became bidders for local and European games.But on the other hand, some people are dissatisfied with the style and style of the crown prince.The 34 -year -old MBS has been in politics for several years. At this time, it was intentionally used to use 340 million pounds to enter the stock Newcastle, and it may not be a wise investment plan.

Saudi Arabia's investment

In order to reduce Saudi Arabia's dependence on petroleum income, Muhammad, an ambitious Muhammad, promoted Saudi Arabia's 2030 vision in 2016, to regulate oil sales to rebuild the economic structure, develop modern industries such as medical care, entertainment, and tourism.Rely on the dependence on oil.Although the Saudi PIF was established in 1971, after the publication of 2030, many of the country's new investment in the economic structure, such as NEOM, Industrial and Commercial New Town, which is adjacent to the Red Sea, and Tesla, an electric vehicle company, etc.Big water throat, so it can be regarded as part of the national strategy.

In terms of national development strategy, MBS seemed to be a Saudi economic structure and daring to propose reforms. It is correct. However, it is difficult to foresee the international situation in the opportunity.First of all, even if Saudi Arabia has recorded budget deficit in the past five years before the international oil price high platform is inserted. It can be seen that MBS's reform plan has been built in a financial foundation for financial stability.In particular, from March, international oil prices fell to the negative value of new low historical records on Monday, and it was not a fiscal dream that could offset production, cut budget or oil production costs.

Oil price and epidemic blow

However, international oil prices are not the only pain in MBS.Since the king of Fisal's religious soft power in the 1960s, the king of Fisal is deliberately developing Saudi Arabia. So far, the country's pilgrimage tourism industry has become an important source of income. Among the bilateral agreements between Saudi Arabia and Indonesia, as many as 230,000 people have been allowed to go every year,Sacred City Mecca and McLeon, let alone Sunni believers in more than one billion people around the world.However, the new crown pneumonia not only interrupted international aviation transportation, but also disrupted the global Muslim pilgrimage desire. It seriously crack down on Saudi hotels and catering industries, which worsen Saudi Arabia's economy.

In addition to the factors that are difficult to control of oil prices and new crown pneumonia, MBS's foreign policy can directly reflect the way of wealth management.Although Saudi Arabia ’s land area is smaller than that of Russia, the United States and China, its military expenditure is unusual.According to the World Bank's data, Saudi Arabia ’s military expenditure accounts for 8.7%of GDP, which is more than four times that of the United States and China; and the total military expenditure is more than Russia, ranking third in the world.Ironically, the Single of the Meridity War, the military expenditure has no causal relationship with the battlefield achievement.Since Sater and the UAE have joined forces to involve the neighbor's civil war in 2015, the army of the two countries not only failed to make a quick decision, but instead fell into a glue with the Hussean militia supported by Iran, but also on the name of the war crimes because of repeated mistakes.It can be seen that the cost and benefit of Saudi Arabia's military expenditure is far less than sending the assassination team to kill the reporters.