Imagine pulling up outside an airplane terminal and tossing your car keys to a waiting valet before breezing through security and climbing onto a private jet.
On board you take a seat on a large leather chair and sip a drink while waiting to take off. A five-course meal by attendant cabin crew and a chef await you once in the air.
After that you sit back, recline your chair a little, raise the foot rest, plug in your headphones - proper ones that come in a leather pouch - and enjoy the ride.
Welcome to the life of a very important person.
Royal Jet, the Abu Dhabi private plane operator, last year flew thousands of them to 370 cities across the globe, from the southern tip of South America to Easter Island and Africa.
The company operates six Boeing Business Jets, the largest fleet of its kind in the world, in addition to other aircraft, including Gulfstreams, the quintessential private plane.
"On average the Boeing Business Jets fly about between 1,100 and 1,200 hours a year, which for a private jet is quite high," says Shane O'Hare, the president and chief executive.
By comparison, a similar plane operated by a low-cost commercial carrier flies about 3,000 hours annually.
"Around 25 per cent of our business looks after the wider needs of the Presidential Flight operation," says Mr O'Hare.
Another 23 per cent of the business is made up of medivac flights on behalf of insurance companies and the government.
The remaining passengers are rich people and government delegations, who have a fleet of planes with different configurations to choose from.
"They might ask for a bedroom in the back. They might ask for a bedroom in the front. They might want an aircraft with showers," says Mr O'Hare.
One of the most popular models is the DFR, a Boeing jet with a large en suite bedroom with a king-size bed, two showers, a study, a large living room in the front and capacity to seat 18 people. Then there are the AIN and DAS planes, which are identical "high-capacity" planes with seating for 50 people.
"They are very heavily used for families, Presidential Flight of Abu Dhabi, government missions, hunting trips. We do a lot of Hollywood trips for actors and actresses [in them]."
Another plane, known as Zulu to crew and customers, has a bedroom in the back, a majlis area at the front and two sections of business class.
"That's not as popular. The Arab market prefers the bedroom in the front. It's a cultural thing," says Mr O'Hare.
Another plane, the RJY, can seat 40 people and even has an "economy section" in addition to the majlis area and section for VIPs.
And then there are the Gulfstreams, which fly fast and high and are typically used for regional travel.
Fancy trying out a little of that yourself? You better have deep pockets.
Costs range from $8,000 an hour for a Gulfstream and between $15,000 and $19,000 per hour for a trip on a Boeing Business Jet.
* Gillian Duncan
Company%C2%A0profile
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The biog
Nickname: Mama Nadia to children, staff and parents
Education: Bachelors degree in English Literature with Social work from UAE University
As a child: Kept sweets on the window sill for workers, set aside money to pay for education of needy families
Holidays: Spends most of her days off at Senses often with her family who describe the centre as part of their life too
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
'Jurassic%20World%20Dominion'
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UAE currency: the story behind the money in your pockets
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.”
TOP 5 DRIVERS 2019
1 Lewis Hamilton, Mercedes, 10 wins 387 points
2 Valtteri Bottas, Mercedes, 4 wins, 314 points
3 Max Verstappen, Red Bull, 3 wins, 260 points
4 Charles Leclerc, Ferrari, 2 wins, 249 points
5 Sebastian Vettel, Ferrari, 1 win, 230 points