Tough Mudder will take place in Fujairah for the first time this year. Courtesy Tough Mudder
Tough Mudder will take place in Fujairah for the first time this year. Courtesy Tough Mudder
Tough Mudder will take place in Fujairah for the first time this year. Courtesy Tough Mudder
Tough Mudder will take place in Fujairah for the first time this year. Courtesy Tough Mudder

Tough Mudder events in Ras Al Khaimah and Dubai have been postponed


Katy Gillett
  • English
  • Arabic

While dates for this year's Jeep Tough Mudder events were only announced a few weeks ago, they have already been postponed.

This includes the event in Fujairah, which was set to be the first in the emirate. It was scheduled for February 26, but will now take place on Friday, April 9, subject to government clearance.

Dubai’s Tough Mudder will also be postponed, from Friday, April 9 to the fourth quarter of this year. A specific date has yet to be announced.

As will Ras Al Khaimah's event, which was meant to go ahead on this Friday, but will now be pushed back until later this year.

The changes are a response to recent restrictions set out by UAE authorities in a bid to stem the spread of Covid-19.

"We apologise for any inconvenience caused to ticket holders, but the health and safety of our Mudders and staff is our number one priority," said Nic Cartwright, managing director of event organiser Sabosports.

He said the postponed events will be back "bigger and better than ever”.

A statement also notes that Tough Mudder is working closely with the UAE's National Emergency Crisis and Disasters Management Authority on the planning of the Fujairah event and will communicate any date changes by Sunday.

All existing participants will be able to use their tickets at events later this year or can receive a full refund by contacting support@toughmudder.ae before April 30.

What to expect at Tough Mudder

All three events will offer the classic and 5-kilometre routes. The former features more than 20 obstacles, while the latter has a little over 10 obstacles for participants to take on.

Signature obstacles include the Black Widow, a series of 30 elevated tight ropes suspended over water, and the Leap of Faith, where "mudders" are required to jump and grab hold of a cargo net. Others include The Mud Mile, a run that includes contestants going through ditches caked in mud.

This year, the events will be operating at a 60 per cent reduced capacity and the obstacles have been adapted to meet Covid-19 safety guidelines. This means everyone involved must wear a face mask, practice social distancing and avoid taking part if they are unwell. A full list of the health and safety guidelines can be viewed here.

More information is at toughmudder.ae

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Sector: FinTech, online payment solutions

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From: Upper Egypt

Age: 78

Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

Favourite Abu Dhabi activity: walking near to Emirates Palace

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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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