Many roads in Sharjah were flooded as a result of unprecedented rainfall across the UAE in April. Antonie Robertson / The National
Many roads in Sharjah were flooded as a result of unprecedented rainfall across the UAE in April. Antonie Robertson / The National
Many roads in Sharjah were flooded as a result of unprecedented rainfall across the UAE in April. Antonie Robertson / The National
Many roads in Sharjah were flooded as a result of unprecedented rainfall across the UAE in April. Antonie Robertson / The National

Sharjah approves Dh400m drainage project to protect against floods


Salam Al Amir
  • English
  • Arabic

Sharjah's government on Tuesday approved the first phase of a Dh400 million ($109 million) rainwater drainage project aimed at bolstering the emirate's defences against future flood threats.

The key initiative, set out at a meeting of the Sharjah Executive Council, will include extending the emirate's main drainage system by 4.9km along King Abdulaziz Street, at a depth of 20m. It will serve 13 areas and five major roads and will channel rainwater into the sea.

The significant investment is part of Sharjah's long-term strategy to improve infrastructure in place to protect the public and property from torrential rain. No further details were given on when the extended drainage line will be completed.

In April, the UAE experienced its largest single day of rainfall in 75 years, causing widespread flooding, travel disruption and damage. The National Centre of Meteorology said the volume of rain on Tuesday, April 16 was the highest since official records began in 1949.

Sharjah had previously launched a financial support scheme in October, 2023 to allow Emiratis to claim compensation in the event of property being damaged by adverse weather and natural disasters.

The relief effort was introduced to help citizens affected extreme weather events, such as the deadly flash flooding that struck large parts of the Northern Emirates in the summer of 2022.

Ali bin Shaheen, chairman of the Department of Public Works in Sharjah, said on Tuesday this latest step was important to prepare for severe storms.

“Its significance lies in serving the central sector [of Sharjah], which includes 13 areas and nearly 400 main and secondary roads,” he said.

“Two main pumping stations will be constructed in the Al Ghubaiba and Al Soor areas to serve this line.”

The project will serve residential and commercial districts and industrial areas and aims to alleviate the problem of flooding on roads.

Mr bin Shaheen said the initiative would reduce the risk of accidents and gridlocked roads during downpours.

UAE action plan

In July, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, approved a plan to improve water drainage in the emirate.

The Tasreef project will cost Dh30 billion ($8.16 billion) and is scheduled to be completed by 2033, Dubai Media Office said at the time. It will cover all areas of Dubai and will be able to handle more than 20 million cubic metres of water a day.

The strategic project is a continuation of drainage projects launched by Dubai in 2019, covering the Expo Dubai area, Al Maktoum International Airport City, and Jebel Ali.

President Sheikh Mohamed has issued a directive for dams and canals to be constructed across the UAE to support efforts to bolster water security and take action against future flood threats.

The project, approved by the Executive Committee for the President's Initiatives and announced on Friday, includes nine dams, the expansion of two existing ones and the creation of several embankment barriers.

The measures will strengthen infrastructure to cope with the effects of climate change and increase water reserves by collecting rain and flood water, with a storage capacity of up to eight million cubic metres, state news agency Wam reported.

Work will be carried out in 13 residential areas – Shis and Khor Fakkan in Sharjah; Masfout in Ajman, Sha'am and Al Fahleen in Ras Al Khaimah; and Mohamed Bin Zayed City, as well as the areas of Abu Hail, Qidfa, Murbeh, Dadna, Al Seeji and Ghazimri, in Fujairah.

It is estimated that it will take up to 19 months to complete the project, along with the construction of nine canals, about 9km long.

F1 drivers' standings

1. Lewis Hamilton, Mercedes 281

2. Sebastian Vettel, Ferrari 247

3. Valtteri Bottas, Mercedes 222

4. Daniel Ricciardo, Red Bull 177

5. Kimi Raikkonen, Ferrari 138

6. Max Verstappen, Red Bull 93

7. Sergio Perez, Force India 86

8. Esteban Ocon, Force India 56

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.”

'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

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TOUCH RULES

Touch is derived from rugby league. Teams consist of up to 14 players with a maximum of six on the field at any time.

Teams can make as many substitutions as they want during the 40 minute matches.

Similar to rugby league, the attacking team has six attempts - or touches - before possession changes over.

A touch is any contact between the player with the ball and a defender, and must be with minimum force.

After a touch the player performs a “roll-ball” - similar to the play-the-ball in league - stepping over or rolling the ball between the feet.

At the roll-ball, the defenders have to retreat a minimum of five metres.

A touchdown is scored when an attacking player places the ball on or over the score-line.

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German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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Transmission: 8-speed auto

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

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Read part two: how climate change drove the race for an alternative 

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Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

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Us

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Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding

Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.

Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.

For more details, email openminds@cultures.ae or visit www.cultures.ae

 

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Updated: October 22, 2024, 1:54 PM