SeaWorld Abu Dhabi has announced its opening day. The aquatic attraction on Yas Island will open to the public on May 23.
It will be the first SeaWorld outside North America and is the latest addition to Yas Island’s attractions, which include Warner Bros World Abu Dhabi, Ferrari World Abu Dhabi, Yas Waterworld Abu Dhabi and Clymb Abu Dhabi.
"We are delighted to announce the opening of SeaWorld Abu Dhabi this May, and proud of our partnership with SeaWorld Parks & Entertainment to bring the region’s next-generation marine life theme park to Abu Dhabi and to Yas Island," said Mohamed Khalifa Al Mubarak, chairman of Miral, the property developer behind the project.
"As part of our commitment to the Year of Sustainability, the marine life park will embed Sheikh Zayed’s legacy and profound respect for nature and all its beauty, as well as play a key role in promoting environmental awareness and protecting marine life in Abu Dhabi, the UAE and the wider region.
"Through its innovative programmes and its state-of-the-art facilities, SeaWorld Abu Dhabi aims to inspire the next generation of conservationists and marine life scientists while fostering a deeper appreciation for the natural world. SeaWorld Abu Dhabi's opening will mark an exciting new chapter in Yas Island and Abu Dhabi's ongoing efforts to promote tourism, showcase the emirate's truly unique offerings and position it as a top global destination.”
What's inside SeaWorld Abu Dhabi?
The attraction is being built over five floors spanning about 183,000 square metres and includes habitats, rides, interactive exhibits and immersive guest experiences, full details of which are yet to be revealed.
It's set to be home to the region's largest multi-species aquarium, with more than 58 million litres of water and 150 species, including sharks, manta rays, sea turtles, reptiles, amphibians and invertebrates.
The park will also be home to hundreds of bird species, from penguins to puffins. The animals will be looked after by expert zoologists, veterinarians, nutritionists and other animal specialists.
The central zone is called One Ocean and links six marine environments throughout the park, each telling a story designed to emphasise the interconnectivity of life on Earth and under the seas. There will also be a 360-degree media experience in this zone.
The building will use rooftop solar photovoltaic systems with a total capacity of 8.2 megawatts, Abu Dhabi clean energy company Masdar revealed last July.
Yas SeaWorld Research & Rescue Abu Dhabi
In February, Yas SeaWorld Research & Rescue Abu Dhabi began its operations.
The research centre was created with a focus on marine conservation and education, with the hopes of raising a new generation of conservationists and marine biologists in the UAE.
Describing it as the region's largest dedicated marine life centre, Mohamed Al Zaabi, chief executive of Miral, says the site's key pillars are “research, rescue, rehabilitation and return”.
Collaborating with the Environment Agency Abu Dhabi, the facility, with staff including scientists and veterinarians, will help with injured marine life in the region. People who spot an animal in distress can call 800 555 and depending on how severe the injury is, it could be treated at the centre.
While some SeaWorld sites in the US have been criticised over animal welfare concerns in the past, the focus in the UAE is on education and the transfer of knowledge.
The centre offers outreach programmes to "empower the UAE community to actively participate in conservation work", it states in its profile, and it has a 160-seat auditorium that can be used for events.
Scroll the gallery below to see more of the research and rehabilitation centre:
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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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The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
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Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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