Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday announced a new tourism master plan for Al Ula in the country's north-west.
The Journey Through Time master plan aims to turn Al Ula into a global destination for travellers offering heritage, nature, art and culture. When completed, the plan hopes to attract two million visitors every year to the historic Saudi region.
Prince Mohammed's plan will turn the Al Ula region into a "living museum" by immersing travellers in 200,000 years of natural and human history.
With a focus on sustainable tourism, a key part of the scheme is the creation of a low-carbon tram line that connects five distinct districts across the region. This tramway will follow a similar route to the ancient one running along the Hijaz Railway, used by pilgrims for hundreds of years. Other options to encourage sustainable travel will include a series of bicycle paths, extensive pedestrian trails and far-reaching equestrian tracks for low-carbon journeys.
The Journey Through Time will take travellers from Al Ula Old Town and neighbouring Dadan, to the open-air wall-carvings at Jabal Ikmah and onwards to the Nabataean Horizon and Hegra historical city, dedicated to Saudi Arabia's first Unesco World Heritage site.
A 20-kilometre Wadi of Hospitality
At the heart of Al Ula's desert landscape is the region's palm oasis. The new master plan proposes a 20-km Wadi of Hospitality to be created to run along this ancient oasis bed.
This area will act as the green pedestrian "spine" and will be home to restaurants, museums and other interactive attractions that will see visitors go to local farms, pick dates and learn more about the culture while enjoying the beauty of the oasis.
"It's going to be a very special place in Saudi Arabia, but also a place for visitors from around the globe who are interested in learning more about different cultures and multiple civilisations.
"It's a good reason for people to come and appreciate what we have to offer, and educate themselves in a way that will make a visit very memorable," says Phillip Jones, chief destination marketing officer of the Royal Commission for Al Ula.
The plan has no shortage of attractions, proposing that 15 new cultural assets such as galleries, museums and cultural centres be constructed across the districts. A 9-km Cultural Oasis will be home to a host of visitor experiences including living gardens, an Arts District, and the Perspectives Galleries. There are also plans for 10 million square metres of greenery and open spaces.
"Travellers will begin the journey at Al Ula Old Town, which is already up and running, and then there's the oasis and the wadi which will give people 20km to walk or ride and enjoy the regenerated wadi. And then travellers can take eco-friendly transportation through the entire area, to Dadan, Ikmah and on to Hegra, which is ultimately where the journey ends," explains Jones.
"Every stop along the way will give you a story, and you'll be able to learn about the civilisations that have left their mark over the last 200,000 years."
As part of the plan, Al Ula's hotel scene also gets a boost with an additional 5,000 rooms and suites to be built across the region. Lodgings will offer a variety of accommodation options including luxury hotels, canyon farms, stays and ecotourism resorts.
The announcement also set out the plans for The Kingdoms Institute. Located in the oasis of Dadan, it will become one of the cultural centres of Saudi Arabia and a global hub and learning centre for archaeological research about the civilisations that have inhabited Al Ula. The design of the cluster of buildings making up The Kingdoms Institute is inspired by the Dadan civilisation, and they will appear as if carved in the mountains opposite the archaeological site of Dadan.
Learning from the past, planning for the future
While the master plan takes guests on a journey through time from ancient civilisations and pilgrimage routes, to modern carbon-free tramways, it also places importance on protecting tomorrow.
The master plan includes the Al Ula Sustainability Charter, which ensures that all development happens alongside an innovative and integrated approach to sustainability. The charter includes a zero-carbon policy coupled with circular economy principles, and robust resiliency policies around development in heritage and environmentally sensitive areas, as well as flood and improved water management and vegetation planting.
Al Ula residents, who have acted as guardians of ancestral values, techniques, and traditions over millennia, are an integral part of the new master plan. As well as helping to boost local economies, the plan includes community-driven services and amenities including cultural and educational facilities to be constructed across each district.
Laid out in three phases, the master plan is set for completion by 2035, but the first phase is on track to be completed by 2023. Over the next 14 years, the Journey Through Time master plan will create 38,000 new jobs across Al Ula and add 120 billion Saudi riyals ($32bn) to Saudi Arabia's gross domestic product.
By 2035, 80 per cent of Al Ula County will also have been designated as nature reserves, with key indigenous flora and fauna reintroduced across the region.
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
Picture of Joumblatt and Hariri breaking bread sets Twitter alight
Mr Joumblatt’s pessimism regarding the Lebanese political situation didn’t stop him from enjoying a cheerful dinner on Tuesday with several politicians including Mr Hariri.
Caretaker Culture Minister Ghattas Khoury tweeted a picture of the group sitting around a table at a discrete fish restaurant in Beirut’s upscale Sodeco area.
Mr Joumblatt told The National that the fish served at Kelly’s Fish lounge had been very good.
“They really enjoyed their time”, remembers the restaurant owner. “Mr Hariri was taking selfies with everybody”.
Mr Hariri and Mr Joumblatt often have dinner together to discuss recent political developments.
Mr Joumblatt was a close ally of Mr Hariri’s assassinated father, former prime minister Rafik Hariri. The pair were leading figures in the political grouping against the 15-year Syrian occupation of Lebanon that ended after mass protests in 2005 in the wake of Rafik Hariri’s murder. After the younger Hariri took over his father’s mantle in 2004, the relationship with Mr Joumblatt endured.
However, the pair have not always been so close. In the run-up to the election last year, Messrs Hariri and Joumblatt went months without speaking over an argument regarding the new proportional electoral law to be used for the first time. Mr Joumblatt worried that a proportional system, which Mr Hariri backed, would see the influence of his small sect diminished.
With so much of Lebanese politics agreed in late-night meetings behind closed doors, the media and pundits put significant weight on how regularly, where and with who senior politicians meet.
In the picture, alongside Messrs Khoury and Hariri were Mr Joumbatt and his wife Nora, PSP politician Wael Abou Faour and Egyptian ambassador to Lebanon Nazih el Nagari.
The picture of the dinner led to a flurry of excitement on Twitter that it signified an imminent government formation. “God willing, white smoke will rise soon and Walid Beik [a nickname for Walid Joumblatt] will accept to give up the minister of industry”, one user replied to the tweet. “Blessings to you…We would like you to form a cabinet”, wrote another.
The next few days will be crucial in determining whether these wishes come true.
First Person
Richard Flanagan
Chatto & Windus
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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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