A bicycle leans against a wall down a littered alleyway. Men smoke shisha at a makeshift street-side cafe. Circus performers grin at the camera. A farmer coaxes his cow to feed. A solitary pair of shoes sits at the edge of the lapping ocean.
Viewing these images is like the daily scroll most of us make through a social media feed – and that is exactly the point.
These are just a few photographs in the #Sharjah1000 exhibition currently showing at Sharjah Art Foundation.
Conceived and organised by Reem Saeed, an Emirati who works as a corporate social responsibility manager in Dubai, the exhibition began as an idea simply to gather honest and varied images of the emirate from social media users over the course of one month.
Saeed, who is also a keen amateur photographer, decided to start the hashtag on Instagram and gauge the response.
“I noticed that there are a lot of enforced hashtags around the UAE so I wanted to create one with a certain direction for Sharjah specifically. And to make it more fun, I decided to make it a challenge – to gather 1,000 images in one month.”
Starting on March 30, it took only 19 days before she reached her target. By the time the month was up, she had more than 1,000 images sent in by 80 people. She edited the collection and approached Sharjah Art Foundation for an exhibition.
Once she got permission – in fact, Sheikha Hoor Al Qasimi, the president of Sharjah Art Foundation, also has her personal images in the exhibition – Saeed started working with the foundation to select the best and most appropriate images for the exhibition, which opened in June.
“The idea was to showcase the beauty of Sharjah – the historical, the modern, the natural landscape to the city and the many different people that live here – and make a collage of them all together,” explains Saeed. “I was really happy with the results.”
Saeed, who is originally from Dubai, moved to Sharjah four years ago.
“I think it is really beautiful. I got sick of the skyscrapers of Dubai and I love how real it is here in Sharjah.”
Saeed is one of the 70 people whose photographs were chosen. Her contribution is a series of villages in the northern and eastern part of the emirate, showing the desert landscape and the natural flora and fauna.
“The goal was for it to be a kind of social project with an ‘art’ twist. I wanted to bring everyone from every sector, nationality and age group together through the medium of photography by using a simple and practical piece of equipment, which is the mobile phone.”
Bickey Basnet, a Nepali photo-grapher who has 12 images in the collection, says the exhibition is a brilliant concept. “Instagram is the quickest way of sharing a photo and when it’s done quickly, the photos shared are raw, which means it shows the real subject of the picture.”
The accountant, who has lived in Sharjah for almost two years, says it is a beautiful emirate both traditionally and in a modern context.
“It needs exposure to people from different parts of the world. This is the kind of project that does that.”
The Jordanian Rami Jaber, who is the acting director of corporate relations at the American University of Sharjah, was born and raised in the Emirate, and is one of the thousands of people the exhibition has attracted.
“Art is part of the identity of our city and this project showcases images that residents of Sharjah truly relate to,” says Jaber. “Whether it is a place or an object, visitors of the exhibition at the time I went were all trying to figure out which part of town, or object, was being displayed. Therefore, it depicts both a communal and very personal aspect of Sharjah from the perspective of its residents.”
With contributions from many amateurs, the show also contains images taken by prominent institutions and individuals. Shurooq, the Sharjah Investment & Development Authority, is one participant, as is the Al Qasba-based Maraya Art Centre.
“Everyone brought us a portrait of Sharjah through their own eyes and here they are gathered together in a physical exhibition, which has a very different effect to seeing them online,” says Saeed. “The project was a joy from the start to the finish.”
• #Sharjah1000 runs until August 10 in Building H, SAF Art Spaces, Sharjah Heritage Area. Visit www.sharjahart.org
aseaman@thenational.ae
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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.”
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