Creating water from the air may sound futuristic or fictional, but that is what Tunisian entrepreneur Iheb Triki does.
Mr Triki, chief executive and co-founder of Kumulus Water, felt the water sector was “largely disregarded”, despite the resource being vital for survival, after working in private equity and investing in start-ups focused on renewable energy, water and waste.
He was keen on the concept of decentralised water production, and watching the formation of morning dew in stark conditions on a trip to the Tunisian desert inspired him to bring his vision to life.
“During that trip in the desert, this is where I saw that there is humidity even in the deep desert, and you can create water with the dew phenomenon,” he says.
An engineering graduate, Mr Triki was confident that his idea was feasible and convinced co-founder Mohamed Ali Abid to join him to set up Kumulus in 2021. The start-up raised more than $500,000 a year and a half later, helping them build their machinery and certify it. “Then we raised about $2.5 million later on to be able to commercialise this machine,” he explains.
About 100 of the company's Amphore machines are now deployed, producing around 3,000 litres of water per day, which approximately 2,000 people drink daily.
For me, in 10 years, Kumulus will become the water utility of the future
Iheb Triki,
chief executive and co-founder, Kumulus Water
Worldwide, millions of urban residents are facing the impact of water scarcity and contamination. Unicef estimates that figure will exceed 2.3 billion by 2050. By 2030, 50 per cent of the global population will live in water-stressed regions, it said last year.
Roughly half of the world’s population experiences severe water scarcity for at least part of the year, the United Nations World Water Development Report 2024 found. One quarter of the world’s population face “extremely high” levels of water stress, using more than 80 per cent of their annual renewable freshwater supply.
“None of the Sustainable Development Goal 6 targets appear to be on track,” the report warned, referring to the target of ensuring availability and sustainable management of water and sanitation for all by 2030.
It is estimated that achieving universal access to safe drinking water and sanitation will cost about $114 billion per year until 2030, according to the World Bank.
Mr Triki says water scarcity is not just a social problem, but a “human problem” that Kumulus is trying to address.
“It's not only social in terms of the poor versus the rich, it's really everyone who will be struggling to find water at the end,” he says. “But then my business side and my private equity career forced me to seek beyond the social and human aspect, the financial profitability. And this is why, when we designed the machine from day one, financial profitability was super important. It is important for the customers and it is important for my shareholders when I raise money.”
The company has raised approximately $4 million cumulatively so far, with “a lot of the help or incentives coming from the French government, not for the social aspects, but for the IP aspect, intellectual property research”.
This year, Kumulus is preparing for an “important fundraise” and plans to use the resulting amount to expand in Spain, France, Tunisia, Morocco and the Gulf region. It launched in Saudi Arabia in January and is in discussions with companies in the kingdom amid strong interest.
Globally, it has more than 50 clients, including large companies that provide machines to schools in villages as part of their corporate social responsibility programmes.
Other customers include factories, offices, hotels and places where water is scarce and they only use plastic bottles for drinking water. “We go to them and we tell them, we would provide you with autonomy in terms of drinking water. You don't need to use plastic any more. So, it's better for the environment, and super important, it's cheaper,” Mr Triki says.
Kumulus sells the machine for $5,900 and then charges about $2,000 to $3,000 per annum for maintenance. The company also offers leasing or rental to clients.
“During my years in private equity, I came to the conclusion that just thinking that people will do good by themselves, it's not going to work, it's not going to be scalable … and to convince the majority of people [to] change their behaviour, they need to have a financial incentive,” Mr Triki says.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
“In our case, we are cheaper than bottled water to convince people that, yes, they would be better for the environment, but most of all, that they would make money out of it.”
The company, which is currently reinvesting heavily in its business, aims to break even in 2026.
Looking ahead, technology will improve to address all the elements of water scarcity, as well as pollution, reducing plastic usage and creating autonomy in terms of water, he says.
With six times more water in the air than in all the world's rivers and the sun, “imagine a world where the technology allows you to create water from sun and air. Isn't it abundant? … The only thing that we need to work on is engineering to make this cheaper”, Mr Triki says.
In the next five years, he expects to see bigger machines, as well as machines to generate not just drinking water but meet all general water needs.
“So, our next phase for the next five years for Kumulus is a container that you can plug to your house or to your factory, and you don't need anything anymore. You have energy. You have water. And then PV panels with energy, and then you create food as well.”
Kumulus has expanded from two people to 22 employees across Tunisia, Spain and France. It has also appointed a general manager for Saudi Arabia.
“For me, in 10 years, Kumulus will become the water utility of the future, with high tech that allows any institution, factory, offices, homes, to have the full independence when it comes to drinking water. We call it going from water scarcity to water abundance,” Mr Triki says.
Q&A with Iheb Triki, chief executive and co-founder of Kumulus Water
Who is your role model?
I like [Apple co-founder] Steve Jobs. He had drive, he was a dreamer and he was able to achieve beauty and high tech at the same time.
What are some of the key things that you learnt while setting up this company?
Resilience is super important. You need to create your own protection and you need to take care of yourself and your family, because this experience is a marathon, it's a long run. Also, every problem has a solution. It shouldn't impact you personally.
Anything that you would do differently if you could start over?
Definitely, we can do things much, much better if we start over, because we've made a lot of mistakes: some countries and some recruitment, some regions we went to. We would have done things differently because of the experience, I think.
Also, more focus. That's advice that everyone says, but a very low number of entrepreneurs do. Focus more and don't stretch yourself thin.
Any key advice that you would give to other entrepreneurs?
Make sure that you take care of yourself: doing sports, reading, and make sure that you have a backbone of family and friends.
Second thing: focus on what you're doing. Looking too much at the competition or at the others doesn't help you. What kills you is internally more than externally. And third: resilience, it's all about resilience.
COMPANY%20PROFILE
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Director: Paul Weitz
Stars: Kevin Hart
3/5 stars
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57%20Seconds
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Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
The specs
Engine: 3.0-litre 6-cyl turbo
Power: 374hp at 5,500-6,500rpm
Torque: 500Nm from 1,900-5,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.5L/100km
Price: from Dh285,000
On sale: from January 2022
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
FIXTURES
Nov 04-05: v Western Australia XI, Perth
Nov 08-11: v Cricket Australia XI, Adelaide
Nov 15-18 v Cricket Australia XI, Townsville (d/n)
Nov 23-27: 1ST TEST v AUSTRALIA, Brisbane
Dec 02-06: 2ND TEST v AUSTRALIA, Adelaide (d/n)
Dec 09-10: v Cricket Australia XI, Perth
Dec 14-18: 3RD TEST v AUSTRALIA, Perth
Dec 26-30 4TH TEST v AUSTRALIA, Melbourne
Jan 04-08: 5TH TEST v AUSTRALIA, Sydney
Note: d/n = day/night
The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
Places to go for free coffee
- Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day.
- La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
- Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
- Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
MATCH INFO
Alaves 1 (Perez 65' pen)
Real Madrid 2 (Ramos 52', Carvajal 69')
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.”
Fixtures (all in UAE time)
Friday
Everton v Burnley 11pm
Saturday
Bournemouth v Tottenham Hotspur 3.30pm
West Ham United v Southampton 6pm
Wolves v Fulham 6pm
Cardiff City v Crystal Palace 8.30pm
Newcastle United v Liverpool 10.45pm
Sunday
Chelsea v Watford 5pm
Huddersfield v Manchester United 5pm
Arsenal v Brighton 7.30pm
Monday
Manchester City v Leicester City 11pm
More on animal trafficking
Aston martin DBX specs
Engine: 4.0-litre twin-turbo V8
Transmission: nine-speed automatic
Power: 542bhp
Torque: 700Nm
Top speed: 291kph
Price: Dh848,000
On sale: Q2, 2020
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now
A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
UAE currency: the story behind the money in your pockets
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million