Oman’s Etlaq Spaceport is getting ready to welcome the public this month, with a fan zone opening so visitors can watch a rocket test flight up close.
The launch attempt will feature a 1-metre Horus-4 rocket prototype, developed by London company Advanced Rocket Technologies (ART), and is one of five demonstration missions planned at the site this year as Oman positions itself in the commercial space industry. It was initially scheduled for April 24, but has been postponed to April 30.
A three-day fan experience in the free-of-charge zone, called Etlaq FX, will feature a series of activities for different age groups, including a robotics competition.
“It is an interactive area within the spaceport, so we can give the public an opportunity to see the launch and engage them with educational activities,” said Zainab Alsalhi, business development manager for Etlaq, during a webinar this month.
Launch sites in Florida and Kazakhstan have offered public viewing areas for years, drawing crowds from around the world to witness the thrill of a rocket lifting off.
But this will be the first such experience in the Middle East, and it reflects the growing investment and interest from the public and private sectors in space.
Dr Dimitra Atri, an astrophysicist at the New York University Abu Dhabi, said watching launches can inspire people to pursue careers in science and tech.
“The Apollo programme in the US, with public access to space launches, demonstrated the profound impact of public engagement with space exploration, sparking curiosity and driving interest in Stem for decades,” he told The National. “Oman's commitment to public access at its new spaceport is a strategic move that can cultivate a similar long-term enthusiasm in young people, ultimately benefiting the nation's future in science and technology.”
Which rocket is launching?
Horus-4, a small experimental rocket, will perform a “hop test” as part of the Unity-1 mission. It can produce 155 newtons of thrust to reach an altitude of 75 metres with a velocity of about 24 metres per second.
It will lift off and land back at the site, helping the company to measure how the rocket performs through different phases, including the launch, in-flight manoeuvres, landing sequence and touchdown.
“The upcoming launch of Horus-4 represents a significant milestone for ART and the broader space community in the Middle East and Africa,” the company said in a statement. “By leveraging the state-of-the-art facilities at Etlaq Spaceport, ART aims to demonstrate the viability of reusable rocket technology, paving the way for more sustainable and cost-effective space missions in the future.”
What will the fan zone offer?
The fan zone will feature five tents dedicated to reception, hospitality, a live broadcast of the launch, merchandise, and an outdoor viewing area.
“The reception test is going to be the entry point for the visitors,” said Ms Alsalhi. “The safety team will give a briefing first. We have an outdoor viewing area, of course.” She said there will be chairs available, and shaded areas. Visitors can also bring their own small chairs and small tents but barbecues are not allowed.
Specialists will be on site to explain the launch process and timeline. The three-day experience starts on April 28, with the soft opening of the fan zone from 12pm to 6pm.
The Full Etlaq Fan Experience on April 29 will offer activities ranging from a drawing area, games and robotics competitions from 12pm to 6pm. Omani space officials are aiming for a 9am launch on April 30, with the fan zone opening from 7.30am to 2pm.
Advance registration is mandatory and space fans are encouraged to join Etlaq’s newsletter to receive updates on how to register. Ms Alsalhi said slots are limited and will be assigned on a “first come, first served basis”.
How to get there
The spaceport is in Duqm, which is six hours, about 530km, from Muscat by car and 90 minutes by air. Only Oman’s Salam Air operates flights from Muscat to Duqm.
In Duqm, there will be dedicated buses to transport visitors from hotels in the city to the spaceport.
The next launch is expected to take place in June or July, when the Kea 1 rocket, made by New Zealand company Stellar Kinetics, is due to take off.
These are all test launches, allowing start-ups to assess their technology and for Oman to assess what is needed to begin commercial operations later in the decade.
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7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami
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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
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Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Brief scoreline:
Al Wahda 2
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Al Nassr 3
Hamdallah 41', Giuliano 45 1', 62'
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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match info
Manchester United 3 (Martial 7', 44', 74')
Sheffield United 0
The candidates
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Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
The rules on fostering in the UAE
A foster couple or family must:
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- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
RESULTS
Manchester United 2
Anthony Martial 30'
Scott McTominay 90 6'
Manchester City 0