A1RWATER, a UAE-based water innovation company, has announced plans to open an air-to-water bottling facility in Dubai to bolster the UAE's circular economy agenda and sustainability goals. It will operate in Dubai Industrial City, a business district managed by Tecom Group.
A1RWATER, founded in 2018 in Abu Dhabi, makes atmospheric water generators using proprietary technology that collects drinkable water from air humidity. It also boasts sustainable bottling techniques and packaging technologies that minimise emissions.
"Our mission is to redefine how the world accesses this vital resource, starting from a single drop to entire cities," said A1RWATER founder and chief executive Alex Guy.
"New water technology is all about getting to scale," he explained in an interview with The National. "The DIC facility is a major milestone, and a testament to our commitment ... we are just beginning to scratch the surface of what's possible."
Mr Guy said the facility is slated to open later in the year. A1RWATER, which also has offices in Switzerland and the UK, said the facility will help to eliminate the need for single-use plastic bottles.
"With regards to the bottling process, we're using reusable glass, the bottles can be used thousands of time," Mr Guy explained. "So for our customers we're delivering a clear cost advantage and a clear sustainability advantage."
Various companies around the world have created atmospheric water generators in recent years. The implementations of those systems has ranged from small to large, but generally possess similar qualities.
“Because our water never touches the ground, pipes or other contaminants, it’s the highest quality water requiring less infrastructure and no chemicals,” the A1RWATER's website reads in part.
The Abu Dhabi-based company said the ability to provide water from the air has the potential to eliminate complicated and environmentally burdensome supply chain logistics. “Our water takes a lighter approach, sourced from the skies and bottled in sustainable bottles and cans right on site,” it said.
According to a news release from A1RWATER, the facility will help "shift the trajectory of water access" in the UAE.
The company also has partnerships with Hilton Hotels & Resorts, Jotun, Emirates Palace and Adnoc, which in turn help those entities and communities source water more sustainably. It operates on a business-to-business model.
"If you're in some hotels in Dubai and Abu Dhabi, hopefully you've seen a bottle of our water, if not already, hopefully you will coming soon," Mr Guy said.
Water scarcity and tech solutions
More than half of the world's population could live in water-stressed regions by 2050, according to a 2020 United Nations report that called for immediate action and investment.
Recent advancements in technology have shown that harvesting water directly from air is not only possible but increasingly efficient, even in the driest of environments like the Middle East, which also faces the potential for water stress in the not- too-distant future, due to climate change.
The advancements of atmospheric water generators are not necessarily a silver-bullet, however, in terms of a sustainable solution, they do help.
In many cases, those air-to-water technologies need to be powered from electricity grids, which could offset some environmental benefits if the power from the grid is not renewable.
Khalifa University recently announced it was in the process of preparing a patent application for its implementation of a water-generation technology that was powered by solar panels.
"It's a great solution," said Prof Samuel Mao during an interview in March, while showing Khalifa University's approach on the rooftop filled with solar panels at the Sas Al Nakhl campus.
“Water is generated as long as there is sunshine and moisture in air, and the system does not require electric power from the grid,” he said.
Other methods for providing drinking water, such as desalinating seawater or groundwater sourcing, also consume significant energy.
Initially, A1RWATER's DIC facility will be connected to the grid, but Mr Guy said that future projects will include other power sources.
"Going forward we'll introduce a large element of solar and I look forward to discussing more on that in the not-too-distant future," he explained.
"We think that air-to-water will disrupt water industries the same way solar disrupted power industries."
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Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company%20Profile
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3. Georgia Tame (GBR) Cash Up 39.42
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COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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.”
The%20Roundup
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