Seagliders that travel at high speeds over water will be built in the UAE following the signing of an agreement between the US maritime transport company Regent and Abu Dhabi Investment Office on Thursday.
Boston start-up Regent has also signed an agreement with Abu Dhabi's Department of Transport to integrate its electric-powered seaglider into the existing UAE transportation network, with a focus on high-impact routes, such as offshore services to Delma Island and Sir Bani Yas Island.
Regent is in the development stages of its passenger craft, Viceroy, which uses wing-in-ground effect to travel at speeds of up to 290kph within a wingspan of the water's surface, cutting travel times between coastal cities by more than half.
The company, which has demonstrated its float, foil and fly technology in testing on a quarter-scale model, is now building a full-scale 20-metre wingspan model capable of carrying 12 passengers and two crew to test its use before going into full production next year at its base in Rhode Island.
You're talking 50 per cent reduction in operating costs, which ostensibly all gets passed on to the customer as savings by going to seagliders
Billy Thalheimer,
Regent
Regent has had significant support from the industry and investors in raising its $60 million Series A Funding, including Abu Dhabi's Strategic Development Funds and Neom Investment Fund, which made the single largest investment in the round.
There has also been backing from Japan Airlines, Hawaiian Airlines, Lockheed Martin and Shark Tank star and billionaire Mark Cuban, with total investment now standing at $90 million.
Co-founder and chief executive Billy Thalheimer said Regent also has a backorder of more than $9 billion from airline and ferry operators for both the Viceroy craft and the larger 100-passenger Monarch, which he expects will transform regional transport for coastal areas.
Regent has manufacturing and test facilities in Rhode Island and is "looking at other sites within the US" to develop its building capacity, Mr Thalheimer told The National.
To help meet orders in the Middle East, Europe and Indo-Pacific regions, Regent will "localise sea glider manufacturing in Abu Dhabi", he said.
"We’re working right now with Adio on the plan. Our intention is to establish manufacturing by the end of the decade," he said.
"The next step is to pull in all the relevant players, do site identification, manufacturing readiness and figure out what the whole plan looks like as to when can we start and what manufacturing will entail in Abu Dhabi."
Regent will be part of the Smart and Autonomous Vehicles Industry (Savi) cluster, located in Masdar City, which aims to develop smart and self-driving vehicles for air, land and sea use.
Established as a multi-modal hub in October, Savi is expected to contribute between Dh90 billion and Dh120 billion ($24.5 billion to $32.7 billion) to the UAE's economy and generate up to 50,000 jobs.
Badr Al Olama, the director general of Adio, said Regent will "shape the future of coastal transportation".
"With immense speed and efficiency, I’m confident Abu Dhabi will see the global deployment of electric seagliders and these will dramatically change how goods and people move between the world’s coastal areas going forward," Mr Al Olama said in a news release on Thursday.
Production capacity will depend on demand, but Regent already has firm orders from an unnamed Abu Dhabi-based commercial operator and another in Egypt.
Final details on what will be built in Abu Dhabi are still being thrashed out, he said, but the plan is to have full production facilities in the emirate.
"What we're manufacturing is still part of the discussion," Mr Thalheimer said.
"The intention is to manufacture something but the goal would be full seagliders, and the next step is really figuring out what it actually looks like, putting the nuts and bolts of the details of the deal together."
Fly like a bird
Wing-in-ground effect technology has been around for more than 60 years and is based on using aerodynamic lift plus air pressure generated by flying close to the water surface – the same principle that allows gulls to glide low over the water.
Regent’s seaglider is designed with an intermediary position between boat and glider, popping up on a hydrofoil, allowing it to navigate busier waterways and inclement weather.
Once it has motored out of a harbour on a hydrofoil, the seaglider takes off at a low speed using the water as a runway, then flies over the waves at a top speed of 290kph.
It allows for quick access around coastal waters, particularly from islands to mainland, and is capable of serving routes of up to 300km with existing battery technology and 800km with next-gen batteries.
Abu Dhabi's Department of Transport, in an agreement announced at the DriftX event on Thursday, will integrate the use of seagliders in the emirate, starting with Delma Island, where 10,000 residents mainly use a once-daily flight to access services on the mainland, and Sir Bani Yas Island, home to a protected wildlife reserve and the Desert Islands Resort & Spa by Anantara.
"Currently, it’s [Delma] serviced by Q400 turbo props with one flight a day," Mr Thalheimer said.
"You can imagine how inconvenient it is to have to take an aircraft which only goes once a day to leave your home to access economic opportunities, education, medical care. Seagliders increase the flexibility and access to the mainland for those on Delma Island."
Smart plans
Abu Dhabi has been working on providing residents with smarter, more efficient modes of transport.
In February, Abu Dhabi and Shenzhen signed a twin-city agreement to share knowledge and collaborate on smart city projects across several areas including infrastructure, city planning, green mobility, transport, advanced technology, autonomous solutions, sustainability and urban development.
Abu Dhabi is also trialling driverless taxis in the emirate, while flying taxis are expected to hit Abu Dhabi and Dubai skies next year, cutting travel times significantly between the two emirates.
Mr Thalheimer said the seagliders will also help with inter-emirate connectivity and offer commuters an option to avoid busy motorways between Abu Dhabi and Ras Al Khaimah.
"Right now, if you look at Abu Dhabi to Ras Al Khaimah, you're talking about a two and a half hour drive, at best. But [with seagliders] you will be able to do day trips and can do that trip in under an hour.
"It’s sort of like a Gulf Metro that seagliders would create here, which the DoT can operate."
The trip between Abu Dhabi and Dubai is one of the busiest road journeys in the UAE. Offering high-speed connections on water between the two cities would cut travel times by more than half.
"Seaglider would be about equal on that route. It would be a little faster than a car because you’re moving faster but obviously a car goes door to door but the seaglider has to go to the dock first.
"It would be about 25 minutes in terms of the voyage itself. So we can cut the travel time in half."
In December, Regent signed an agreement with Aramex, the Middle East's largest courier firm, to develop electric seagliders for middle-mile logistics.
It is also working with Saudi Arabia's Neom project to provide connectivity around the islands along the coastline, particularly Sindalah.
"Neom is looking for better connectivity – faster, cheaper, greener, more comfortable connectivity throughout the islands of the Red Sea," he said.
Of particular interest for airlines and ferry operators is the Monarch, which Mr Thalheimer said will enter into service "before the end of the decade".
"All of this technology, the ground effect even the hydrodynamics of the hydrofoil scales really well with size," he said.
"Aircraft flying at altitude, the bigger they get, the heavier they get, the more energy intensive they get, the harder it is to fly large aircraft with batteries."
He said ground effect offers an efficient form of flying that gives it a distinct advantage over aircraft.
"Always being over a place to land is very efficient in terms of how much reserve fuel you need to carry and the hydrodynamic scale very well with size," he said.
"You're talking 50 per cent reduction in operating costs, which ostensibly all gets passed on to the customer as savings by going to seagliders and by going to that large Monarch variant."
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The specs
Engine: 1.4-litre 4-cylinder turbo
Power: 180hp at 5,500rpm
Torque: 250Nm at 3,00rpm
Transmission: 5-speed sequential auto
Price: From Dh139,995
On sale: now
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
INDIA'S%20TOP%20INFLUENCERS
%3Cp%3E%3Cstrong%3EBhuvan%20Bam%3C%2Fstrong%3E%3Cbr%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.instagram.com%2Fbhuvan.bam22%2F%3Fhl%3Den%22%20target%3D%22_self%22%3EInstagram%3C%2Fa%3E%20followers%3A%2016.1%20million%3Cbr%3EBhuvan%20Bam%20is%20a%2029-year-old%20comedian%20and%20actor%20from%20Delhi%2C%20who%20started%20out%20with%20YouTube%20channel%2C%20%E2%80%9CBB%20Ki%20Vines%E2%80%9D%20in%202015%2C%20which%20propelled%20the%20social%20media%20star%20into%20the%20limelight%20and%20made%20him%20sought-after%20among%20brands.%3Cbr%3E%3Cstrong%3EKusha%20Kapila%3C%2Fstrong%3E%3Cbr%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.instagram.com%2Fkushakapila%2F%3Fhl%3Den%22%20target%3D%22_self%22%3EInstagram%3C%2Fa%3E%20followers%3A%203.1%20million%3Cbr%3EKusha%20Kapila%20is%20a%20fashion%20editor%20and%20actress%2C%20who%20has%20collaborated%20with%20brands%20including%20Google.%20She%20focuses%20on%20sharing%20light-hearted%20content%20and%20insights%20into%20her%20life%20as%20a%20rising%20celebrity.%3Cbr%3E%3Cstrong%3EDiipa%20Khosla%3C%2Fstrong%3E%3Cbr%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.instagram.com%2Fdiipakhosla%2F%3Fhl%3Den%22%20target%3D%22_self%22%3EInstagram%3C%2Fa%3E%20followers%3A%201.8%20million%3Cbr%3EDiipa%20Khosla%20started%20out%20as%20a%20social%20media%20manager%20before%20branching%20out%20to%20become%20one%20of%20India's%20biggest%20fashion%20influencers%2C%20with%20collaborations%20including%20MAC%20Cosmetics.%3Cbr%3E%3Cstrong%3EKomal%20Pandey%3Cbr%3E%3C%2Fstrong%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.instagram.com%2Fkomalpandeyofficial%2F%3Fhl%3Den%22%20target%3D%22_self%22%3EInstagram%3C%2Fa%3E%20followers%3A%201.8%20million%3Cbr%3EKomal%20Pandey%20is%20a%20fashion%20influencer%20who%20has%20partnered%20with%20more%20than%20100%20brands%2C%20including%20Olay%20and%20smartphone%20brand%20Vivo%20India.%3Cbr%3E%3Cstrong%3ENikhil%20Sharma%3C%2Fstrong%3E%3Cbr%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.instagram.com%2Fnikkkhil%2F%3Fhl%3Den%22%20target%3D%22_self%22%3EInstagram%3C%2Fa%3E%20followers%3A%201.4%20million%3Cbr%3ENikhil%20Sharma%20from%20Mumbai%20began%20his%20online%20career%20through%20vlogs%20about%20his%20motorcycle%20trips.%20He%20has%20become%20a%20lifestyle%20influencer%20and%20has%20created%20his%20own%20clothing%20line.%3Cbr%3E%3Cem%3ESource%3A%20Hireinfluence%2C%20various%3C%2Fem%3E%3Cbr%3E%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
THE POPE'S ITINERARY
Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport
Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial
Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport
The rules of the road keeping cyclists safe
Cyclists must wear a helmet, arm and knee pads
Have a white front-light and a back red-light on their bike
They must place a number plate with reflective light to the back of the bike to alert road-users
Avoid carrying weights that could cause the bike to lose balance
They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians
The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars
RIVER%20SPIRIT
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ELeila%20Aboulela%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Saqi%20Books%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20320%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
Mohammed bin Zayed Majlis
When is VAR used?
• Goals
• Penalty decisions
• Direct red-card incidents
• Mistaken identity
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.”
More on Quran memorisation:
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
AUSTRALIA SQUAD
Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle