Executive Council approves plan to extend jogging track at Corniche



ABU DHABI // A plan to add six kilometres of paths to the jogging track along the Abu Dhabi Corniche has been approved by a committee of the Executive Council.

The extension will be integrated into the pathways along the waterfront and surrounding parks to ensure easy access to all facilities, especially for people with special needs.

The committee also approved the master plan for new pavements for pedestrians and cyclists, "which aims to provide secure, adequate and accessible pathways for biking and walking".

The committee meeting was chaired by Sheikh Sultan bin Tahnoon, chairman of the Abu Dhabi Tourism and Culture Authority, on Wednesday.

The executive committee approved several decisions and projects for infrastructure, including a guidebook for community centre planning standards.

The book "aims to provide community services to residents, improve land-exploitation schemes, and provide flexibility in using available spaces to respond to the residents' future needs", the committee said.

Sanitation projects aimed at increasing the capacity of processing plans and pumping stations in parts of the emirate were also approved.

They include the sanitation system in Bida Al Mutawa and Tarif in the Western Region, plants in Khalifa City and Icad Industrial Zone, and two pumping stations in Abu Dhabi.

The committee also awarded the tender for building a central control building for traffic lights in Al Ain.

It will manage and operate the smart traffic and transport systems in Al Ain City.

Other approved projects include standardising the licensing and control system in Abu Dhabi, and developing and maintaining parks and landscaping in the Eastern Region.

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“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

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