Deepika Padukone stars with Saif Ali Khan in Race 2, which opens across the UAE on Thursday. Sarah Dea / The National
Deepika Padukone stars with Saif Ali Khan in Race 2, which opens across the UAE on Thursday. Sarah Dea / The National
Deepika Padukone stars with Saif Ali Khan in Race 2, which opens across the UAE on Thursday. Sarah Dea / The National
Deepika Padukone stars with Saif Ali Khan in Race 2, which opens across the UAE on Thursday. Sarah Dea / The National

Race 2: back on the fast track


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It was in 2008 that we were introduced to the ruthless brothers Ranvire and Rajive Singh and their exciting action-packed lives – filled with car chases, bombs and beautiful women – through Abbas-Mustan’s film Race.

With Saif Ali Khan as Ranvire and Akshaye Khanna as Rajive, the film grossed more than 106 crore Indian rupees (Dh70 million) at the box office – almost three times its production budget – and became the fourth highest-grossing film of the year.

Almost five years later, the sequel is about to hit the big screen. Saif Ali Khan plays Ranvire again and Anil Kapoor returns as RD (he played a police officer in the first film but is a nightclub owner in the sequel). Also in the film are John Abraham, Deepika Padukone, Ameesha Patel and Jacqueline Fernandez.

Like the original, the sequel is directed by the brothers Abbas and Mustan Burmawalla – better known as Abbas-Mustan – the director duo who have presented some of Bollywood’s biggest stars in roles that would make them famous: Akshay Kumar in Khilaadi and Shah Rukh Khan in Baazigar.

But their last release, Players (2011), received a lukewarm response at the box office and the duo have a lot riding on this film.

Race 2 finds Ranvire travelling to Turkey in search of the person who murdered his fiancée, and finds RD. In the usual Abbas-Mustan style, what follows is plenty of adrenalin-pumping action and twists and turns in the plot.

Ali Khan is extremely optimistic about the film’s prospects.

"I am excited. Race was a very successful film and this is the first time that I am part of a sequel. We were extremely conscious of the need for the sequel to be a good film in itself and not just something that was made in a rush to capitalise on the success of the first part. The production and direction team have worked extra hard on this film for that reason alone. I also want to point out that it is not important for you to have seen Race to enjoy Race 2."

“For people who have watched the first film, it will be very clear that Race 2 is more glamorous and is produced on a way bigger scale,” says Deepika Padukone, the female lead. “Also, this is an action film – there’s one big car chase that I was part of. It is a scene involving a bomb, and I am driving a car. It was fun, but I wish I was involved in more of the film’s action -sequences.”

Ali Khan recalls a fight sequence set on a plane.

“The plane was supposed to have lost pressure and be going out of control so John [Abraham] and I had to fight as well as act like we are losing our balance. We had lots of fun. They gave us fast cars to drive, and fast boats, too. I loved that.”

Ali Khan currently drives a Ford Mustang and admits to having enjoyed driving the various cars that are part of the film – the Audi R8, in particular. “We also blew up a yellow -‘Lamborghini’ in the film,” he says. “It wasn’t a genuine Lambo, though … who’d go and blow up an actual  Lamborghini?”

Anil Kapoor, who is the second male lead after Ali Khan, stresses that Race 2 is “not just an action film”.

“It has thrills but it also has song and dance sequences,” says Kapoor. “The story is excellent. My role is the same as in Race, but the story and the situations are all new. That time, I was a police officer. Here, I have left that job and  now run a nightclub.”

“It’s racy, it’s steamy, it’s sexy, it’s larger than life,” says Ameesha -Patel. “It’s got kick-ass action, super locations and quite an amazing plot, actually.”

At the risk of seriously offending some people, Patel adds that this sequel features actresses who are much sexier than the ones in the first film.

“I have never done a really big multi-starrer before and this was my first opportunity to be part of one that made sense to me,” explains Patel.

“Mine is the only role in the film that adds comic relief. Playing a ditsy character is really hard to do without looking and sounding stupid. It was exciting to be part of this project – I know that this film is going to succeed.”

The romance behind the action

Saif Ali Khan and Deepika Padukone recently appeared together in Homi Adjania’s romantic comedy Cocktail. Their pairing in Race 2 displays a totally different chemistry, though.

“We have done four films together,” says Padukone. “But the films are so different from each other. Yes, of course, Love Aaj Kal and Cocktail were slightly similar, but in Race 2 we are together again, but with such a different dynamic. I am glad that people like our chemistry.”

For Ali Khan, this is his first release after he wed the Bollywood actress Kareena Kapoor last year. He has appeared in several films with Kapoor, none of which has done well at the box-office.  “I am not sure how many people want to see us on screen together, considering the number of films we’ve done together that haven’t worked. Sometimes, off-screen couples are better off staying off screen,” he says matter-of-factly.

After Race 2, Ali Khan has Bullet Raja to look forward to, which he describes as “a desi Scarface – the rise of a UP [Uttar Pradesh, a northern Indian state] gangster”. Padukone has Yeh Jawani Hai Diwani alongside Ranbir Kapoor and Chennai Express alongside Shah Rukh Khan.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The specs

Engine: 4-litre twin-turbo V8

Transmission: eight-speed PDK

Power: 630bhp

Torque: 820Nm

Price: Dh683,200

On sale: now