First look at Rolls-Royce's new Cullinan SUV launched after UAE visit – in pictures


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The long-awaited Rolls-Royce Cullinan SUV has been officially unveiled to the public, after  time spent in the UAE for testing and closed-doors viewing sessions.

When The National attended the viewing session at Alserkal Avenue in Dubai last month, the level of secrecy surrounding the Cullinan was so high that no cameras were allowed and even phones were temporarily confiscated. A handful of photos leaked before the official online launch at 3pm UAE time today, but you can see the proper images in our gallery above.

As you can see from the video below, put together in collaboration with National Geographic, Rolls-Royce wasn't so shy about showing off the vehicle's off-road capabilities of its first foray into the SUV market when in camouflage livery during final trials in the UAE desert recently. The Emirates has been among a handful of locations chosen globally to vigorously test the Cullinan's capabilities.

At Alserkal Avenue, the company showcased two Cullinans, first in its full five-seat configuration, then with a luxury-armrest-embellished four-seat version.

As outwardly regally impressive as you might expect from the luxury carmaker's debut SUV, the imposing nose and "suicide" coach rear doors are the immediate eye-grabbing elements of its design.

The sweeping lines towards the C pillars are meant to echo those of the latest-generation Phantom, while the car can be raised for off-roading and lowered for fittingly elegant egress.

The rear seats can be individually folded down flat at the touch of a button, either from the rear of the car or inside the cabin.

Ingenious embellishments include an optional "cassette" in the boot that swings out to become two small seats from which to enjoy the view when parked in whatever isolated location you decide to explore in the high-end off-roader.

It is powered by a 6.75-litre twin-turbocharged V12 engine that produces 571hp and 820Nm of torque.

The company sensibly seems to have largely ditched its previous smoke and mirrors in labelling the Cullinan a "high-sided vehicle" rather than an SUV, with the Rolls referred to by the latter term at the private viewing for customers and media.

Prices for the Cullinan are still to be confirmed, as is its delivery date – its world debut will be "later this year" – although that hasn't stopped some customers from already putting down deposits to guarantee their car.

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Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

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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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Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.