Antoine Delcourt, Belgian ambassador to the UAE, at the embassy in Abu Dhabi. Victor Besa / The National
Antoine Delcourt, Belgian ambassador to the UAE, at the embassy in Abu Dhabi. Victor Besa / The National
Antoine Delcourt, Belgian ambassador to the UAE, at the embassy in Abu Dhabi. Victor Besa / The National
Antoine Delcourt, Belgian ambassador to the UAE, at the embassy in Abu Dhabi. Victor Besa / The National

From Burj Khalifa to Palm Jebel Ali: Belgium's small but mighty contributions to the UAE


John Dennehy
  • English
  • Arabic

From the Burj Khalifa to Palm Jebel Ali, the Belgian ambassador has highlighted how his country's community has left an enduring legacy in the UAE.

Speaking to The National to mark the country’s King’s Day on November 15, Antoine Delcourt reflected on the flourishing relations between the nations, his drive to boost ties with all seven emirates and how Belgians are known as people who deliver.

Belgians often stay under the radar, he said, but their role in some of the UAE’s top projects shows they get the job done. “It's a bit in our DNA,” said Mr Delcourt. “We don't like to brag too much. We are seen as people who deliver, who are reliable and very down to earth.”

Belgian legacy in the UAE

The envoy is about half way through a maximum four-year term and outlined how Belgium was one of the first countries to recognise the UAE after unification in 1971. A Belgian embassy opened here a few years later.

“There are a lot of common points between the UAE and Belgium,” he said. “In terms of population, in terms of GDP, this is more or less comparable. We are bridge builders, we are like consensus makers. I think this is also very much the role of the UAE in this region.”

While the country is known as the home of The Smurfs and Tintin, it also has a tradition of commerce and trade that extends to the UAE.

Bilateral trade as of 2023 stands at about €7 billion per year. Hundreds of Belgian companies operate here. These include construction company Besix, which has been involved here since the 1960s and is central to several major projects including the Burj Khalifa, Sheikh Zayed Grand Mosque, Guggenheim Museum and Zayed National Museum.

Belgium is also renowned for dredging companies, such as Jan De Nul, which was centrally involved in the Palm Jebel Ali megaproject.

“A lot of projects have been developed by Belgian companies here and I don't think it's very well known. My agenda when I arrived was to try to consolidate and further deepen these economic relations,” Mr Delcourt said.

“But the trade relationship extends into areas such as chemicals, machinery, chocolate and diamonds. The two biggest diamond places in the world are Antwerp and Dubai.”

Antoine Delcourt, Belgian ambassador to the UAE, said ties between his country and the UAE are flourishing. Victor Besa / The National
Antoine Delcourt, Belgian ambassador to the UAE, said ties between his country and the UAE are flourishing. Victor Besa / The National

A growing community

There are about 4,500 Belgians registered in the UAE but the true figure could be higher – up from 3,500 when Mr Delcourt started his tenure. It is the second-largest Belgian community in the Arab world after Morocco with Belgians choosing to live here for the quality of life, security and connectivity.

High-level visits are common, with the Belgian prime minister and king and queen visiting over the past few years. “It shows how important this country is for Belgium,” he said.

Belgium is a country of more than 11 million people with a Dutch-speaking north and mainly French-speaking south. Its system of government is a federal one that is decentralised and can often appear unwieldy but “works well”, Mr Delcourt said.

It is this experience of a federal system that also informs his work in the UAE. The partnership is not just with Abu Dhabi and Dubai but the other five emirates, he said. Just last month, he accompanied a delegation of female entrepreneurs from Sharjah to Brussels to attend a business forum.

“It was incredibly useful to go beyond the perceptions that we might sometimes have here or in Europe about each other,” he said. “Women empowerment and gender equality … it is a common agenda.”

The 'famous' Belgian consensus

Back home in Belgium, negotiations are continuing to form a government following elections held in June and local polls last month.

When asked when a government would be formed, Mr Delcourt said it could be another few weeks or even months.

“That's the famous Belgian compromise or Belgian consensus,” said Mr Delcourt, who is from French-speaking Charleroi. “It might seem like this is not working. But we always form a government. It's good to witness this while you have more and more political violence in the world.”

Future of the EU

The outcome of the US election, that saw Republican candidate Donald Trump returned to office, came after the interview was conducted, but the relationship with America would always be crucial, he said, and the EU would work with whoever entered the White House.

Turning to the future of Europe, Mr Delcourt said the institutions were “very strong” but security was a “concern”.

This is also why we are supporting Ukraine and helping Ukraine against this unprovoked and unjustified aggression by Russia,” he said. “This is what we are doing and we will keep doing it.”

A veteran diplomat, Mr Delcourt served in India, China and Lebanon, describing the latter as a country “very close to my heart”. Referring to Israel's invasion of the country, he said he was “very saddened at the situation”.

“The situation is very worrisome,” he said. “We have asked for de-escalation … [along with] respect of international law and humanitarian law.”

Personal connection to Abu Dhabi

The Belgian community in the UAE come together for King's Day on Friday. While the country celebrates its national day in July, this event honours the monarchy.

For Mr Delcourt, it is an important day to reflect on what he considers a special personal relationship with the UAE.

His parents lived in Abu Dhabi for about 15 years from 1999 and returned last year for the first time. They even found their old apartment despite all the changes.

“They came back for the first time since they left to visit me last year,” he said. “It was a nice moment.”

THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Dubai World Cup factbox

Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)

Most wins by a jockey: Jerry Bailey(4)

Most wins by an owner: Godolphin(9)

Most wins by a horse: Godolphin’s Thunder Snow(2)

Heather, the Totality
Matthew Weiner,
Canongate 

Unresolved crisis

Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.

Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.

The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.

UAE currency: the story behind the money in your pockets
Key features of new policy

Pupils to learn coding and other vocational skills from Grade 6

Exams to test critical thinking and application of knowledge

A new National Assessment Centre, PARAKH (Performance, Assessment, Review and Analysis for Holistic Development) will form the standard for schools

Schools to implement online system to encouraging transparency and accountability

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.”

Updated: November 15, 2024, 3:00 AM