Sheikh Khalifa bin Sultan and his team broke the records on Wednesday. Photo: Clymb Abu Dhabi
Sheikh Khalifa bin Sultan and his team broke the records on Wednesday. Photo: Clymb Abu Dhabi
Sheikh Khalifa bin Sultan and his team broke the records on Wednesday. Photo: Clymb Abu Dhabi
Sheikh Khalifa bin Sultan and his team broke the records on Wednesday. Photo: Clymb Abu Dhabi

Sheikh Khalifa bin Sultan and skydiving team break world records at Clymb Abu Dhabi


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Sheikh Khalifa bin Sultan has led a team of professional skydivers to break four Guinness World Records at indoor adventure hub Clymb Abu Dhabi.

The feats, achieved on Wednesday, are: the largest head-down vertical skydiving formation in an indoor wind tunnel; largest head-up vertical skydiving formation in an indoor wind tunnel; largest skydiving belly formation in an indoor wind tunnel; and most skydivers in a wind tunnel with a number of skilled skydivers.

Clymb Abu Dhabi, which opened in 2019 on Yas Island, is home to the world’s largest indoor flight chamber, which is 9.7 metres wide and 32 metres high.

"I think we will really change the rules of the game with this," Mohamed Abdalla Al Zaabi, chief executive of developer Miral, told The National at the opening. "In narrow air tunnels, you can feel locked; there may not be enough room to manoeuvre. But with Clymb's indoor chamber, there's plenty of room to move up and down. It makes a big difference."

The geometrically designed building also features five climbing walls, with one of them, The Summyt, certified as the world’s tallest indoor climbing wall at 43 metres.

Clymb Abu Dhabi's unique design was inspired by "the mountains of the UAE," said Al Zaabi. "We had a clear vision of what we wanted Yas Island to be — a family entertainment destination — and I think we are in the right direction."

The Dh367 million project was designed to present unique sporting challenges to active lifestyle enthusiasts from around the world, the Abu Dhabi Media Office said.

Scroll through the gallery for more pictures of Clymb Abu Dhabi

  • Professional climber Sasha DiGiulian scales The Summyt at Clymb, Yas Mall, Abu Dhabi. Chris Whiteoak / The National
    Professional climber Sasha DiGiulian scales The Summyt at Clymb, Yas Mall, Abu Dhabi. Chris Whiteoak / The National
  • Athletes and famous skydivers, as well as climbers, were the first to experience the world's biggest indoor skydiving flight chamber and the world's tallest indoor climbing wall during the opening ceremony of Clymb. Chris Whiteoak / The National
    Athletes and famous skydivers, as well as climbers, were the first to experience the world's biggest indoor skydiving flight chamber and the world's tallest indoor climbing wall during the opening ceremony of Clymb. Chris Whiteoak / The National
  • A sleek entrance tunnel welcomes climbers to Clymb. Chris Whiteoak / The National
    A sleek entrance tunnel welcomes climbers to Clymb. Chris Whiteoak / The National
  • The sporting facility will feature a 43-metre indoor climbing wall – the world’s tallest. Chris Whiteoak / The National
    The sporting facility will feature a 43-metre indoor climbing wall – the world’s tallest. Chris Whiteoak / The National
  • An instructor puts on his safety gear before entering the flight chamber. Chris Whiteoak / The National
    An instructor puts on his safety gear before entering the flight chamber. Chris Whiteoak / The National
  • Austrian skydiver Felix Baumgartner inside the flight chamber. Chris Whiteoak / The National
    Austrian skydiver Felix Baumgartner inside the flight chamber. Chris Whiteoak / The National
  • 'A Dh367 million project, Clymb Abu Dhabi is designed to present unique sporting challenges to active lifestyle enthusiasts from around the world and enhances the emirate’s position as a global tourism destination, with world-class attractions for all travellers,' the Abu Dhabi Government Media Office media office said of the new opening. Chris Whiteoak / The National
    'A Dh367 million project, Clymb Abu Dhabi is designed to present unique sporting challenges to active lifestyle enthusiasts from around the world and enhances the emirate’s position as a global tourism destination, with world-class attractions for all travellers,' the Abu Dhabi Government Media Office media office said of the new opening. Chris Whiteoak / The National
  • Indoor skydivers Kyra Poh and Maja Kuczunska inside the flight chamber; it allows guests to mimic a skydiving experience in a 9.75m-wide chamber. Chris Whiteoak / The National
    Indoor skydivers Kyra Poh and Maja Kuczunska inside the flight chamber; it allows guests to mimic a skydiving experience in a 9.75m-wide chamber. Chris Whiteoak / The National
  • The outside of Clymb, which houses the world’s tallest indoor climbing wall.
    The outside of Clymb, which houses the world’s tallest indoor climbing wall.
THE APPRENTICE

Director: Ali Abbasi

Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong

Rating: 3/5

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.”

Spain drain

CONVICTED

Lionel Messi Found guilty in 2016 of of using companies in Belize, Britain, Switzerland and Uruguay to avoid paying €4.1m in taxes on income earned from image rights. Sentenced to 21 months in jail and fined more than €2m. But prison sentence has since been replaced by another fine of €252,000.

Javier Mascherano Accepted one-year suspended sentence in January 2016 for tax fraud after found guilty of failing to pay €1.5m in taxes for 2011 and 2012. Unlike Messi he avoided trial by admitting to tax evasion.

Angel di Maria Argentina and Paris Saint-Germain star Angel di Maria was fined and given a 16-month prison sentence for tax fraud during his time at Real Madrid. But he is unlikely to go to prison as is normal in Spain for first offences for non-violent crimes carrying sentence of less than two years.

 

SUSPECTED

Cristiano Ronaldo Real Madrid's star striker, accused of evading €14.7m in taxes, appears in court on Monday. Portuguese star faces four charges of fraud through offshore companies.

Jose Mourinho Manchester United manager accused of evading €3.3m in tax in 2011 and 2012, during time in charge at Real Madrid. But Gestifute, which represents him, says he has already settled matter with Spanish tax authorities.

Samuel Eto'o In November 2016, Spanish prosecutors sought jail sentence of 10 years and fines totalling €18m for Cameroonian, accused of failing to pay €3.9m in taxes during time at Barcelona from 2004 to 2009.

Radamel Falcao Colombian striker Falcao suspected of failing to correctly declare €7.4m of income earned from image rights between 2012 and 2013 while at Atletico Madrid. He has since paid €8.2m to Spanish tax authorities, a sum that includes interest on the original amount.

Jorge Mendes Portuguese super-agent put under official investigation last month by Spanish court investigating alleged tax evasion by Falcao, a client of his. He defended himself, telling closed-door hearing he "never" advised players in tax matters.

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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The biog

Name: Sarah Al Senaani

Age: 35

Martial status: Married with three children - aged 8, 6 and 2

Education: Masters of arts in cultural communication and tourism

Favourite movie: Captain Corelli’s Mandolin

Favourite hobbies: Art and horseback ridding

Occupation: Communication specialist at a government agency and the owner of Atelier

Favourite cuisine: Definitely Emirati - harees is my favourite dish

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Updated: December 08, 2022, 2:59 PM