Etihad Rail, which is hosting the conference, is to launch passenger services in 2026. Wam
Etihad Rail, which is hosting the conference, is to launch passenger services in 2026. Wam
Etihad Rail, which is hosting the conference, is to launch passenger services in 2026. Wam
Etihad Rail, which is hosting the conference, is to launch passenger services in 2026. Wam

Major rail event in Abu Dhabi set to attract 20,000 visitors


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A major international railway conference returns to Abu Dhabi this month, hosted by Etihad Rail.

The three-day Global Rail Transport Infrastructure Exhibition and Conference event is set to draw 20,000 visitors from across the globe, along with 200 speakers, 20 ministerial delegations and more than 200 companies from across the world, organisers said.

The conference, running from September 30 to October 2, aims to reflect on how railways can bolster logistics, improve sustainability and enhance trade.

The event also includes a Dh1 million ($272,250) innovation grant for solutions to transform the future of transport.

The conference comes as the UAE is eagerly anticipating the launch of Etihad Rail’s passenger service in 2026.

Ahmed Al Hashemi, chief executive of Hafeet Rail and chairman of the executive committee of Global Rail conference, at the launch on Wednesday. Victor Besa / The National
Ahmed Al Hashemi, chief executive of Hafeet Rail and chairman of the executive committee of Global Rail conference, at the launch on Wednesday. Victor Besa / The National

It also comes as the Hafeet Rail project – the joint passenger and freight railway network connecting the UAE and Oman – continues to advance.

“This year we've seen a huge increase in the number of participants,” Ahmed Al Hashemi, chief executive of Hafeet Rail and chairman of the conference’s executive committee, told The National on Wednesday at the event's launch.

“The exhibition will also feature many of the solutions that the industry has developed ... and we will showcase the future [of rail].”

Hafeet Rail is a megaproject that will link up the UAE and Oman, and while a launch date has not been revealed, construction is well under way with the company last week showing train tracks arriving at the Omani port of Sohar.

Mr Al Hashemi said the operator would outline some of the "very ambitious" plans of the project at the conference.

“We will present the progress of the project … and we will talk ... about how we envisage the cross-border movement of trains between the two countries.”

Mr Al Hashemi said contracts to deliver the project have been awarded and precise work was ongoing to ensure the railway would integrate with ports, economic zones and the industrial hubs.

“It will set an example of how such projects are delivered and how they can be very beneficial to the connecting countries.

"You can take the load of 300 trucks in one train,” he said. "And [Abu Dhabi] to Sohar will take only one hour and 40 minutes.

“So it is a very considerable reduction in travel time. It brings a lot of savings to the transport cost and it comes with a greater level of comfort compared to any other way to move across the border.”

The conference is held under the patronage of Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court.

“The countdown has begun,” said Salman Abou Hamzeh, senior vice president for energy at DMG events, which is organising the event.

"Whether you are a policymaker, an investor, an innovator or simply someone curious about rail’s role in reimagining our future, Abu Dhabi is where it all begins.”

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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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Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

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Updated: September 29, 2025, 8:06 AM