People gathered for days to offer Rayan and emergency services their support. AFP
People gathered for days to offer Rayan and emergency services their support. AFP
People gathered for days to offer Rayan and emergency services their support. AFP
People gathered for days to offer Rayan and emergency services their support. AFP


What Rayan's story means for Morocco, the region and beyond


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February 06, 2022

On Tuesday, five-year-old Rayan Aourram fell 32 metres down a dry well near the Moroccan town of Bab Berred. Within days, he became known the world over by his first name, as authorities attempted a hugely complex and brave operation to rescue him as quickly as possible.

No matter the technical expertise on the ground, a miracle would still have been needed for him to survive and tragically none was forthcoming. News of his death broke on Sunday, via a statement from Morocco's royal court, shortly after authorities pulled him to the surface. King Mohammed VI of Morocco expressed his condolences to Rayan’s parents in a phone call.

First thoughts must go to the child’s family, who should be given every support available. It is also right to acknowledge the particular significance this tragedy will have for Morocco, even the wider region. Rayan was one of many children in the Middle East and North Africa who needs a rescue of some kind. Unlike in his case, the world will not know the names of most of them.

  • The parents of Rayan Aourram walk away after rescue workers retrieved his body from a deep well and placed it in an ambulance, in the village of Ighran in Morocco's Chefchaouen province. EPA
    The parents of Rayan Aourram walk away after rescue workers retrieved his body from a deep well and placed it in an ambulance, in the village of Ighran in Morocco's Chefchaouen province. EPA
  • An ambulance drives away from the well where rescuers retrieved the body. The 5-year-old Moroccan boy who was trapped in a well for four days has died, authorities confirmed. EPA
    An ambulance drives away from the well where rescuers retrieved the body. The 5-year-old Moroccan boy who was trapped in a well for four days has died, authorities confirmed. EPA
  • The rescue effort began after Rayan fell 32 metres down a dry well on Tuesday. AFP
    The rescue effort began after Rayan fell 32 metres down a dry well on Tuesday. AFP
  • Rescue workers carry the body and place it in the ambulance. EPA
    Rescue workers carry the body and place it in the ambulance. EPA
  • Rayan's body was wrapped in a yellow blanket after it was taken out through a tunnel dug specifically for the rescue. AFP
    Rayan's body was wrapped in a yellow blanket after it was taken out through a tunnel dug specifically for the rescue. AFP
  • A member of the Moroccan emergency services in action during the rescue operation. AFP
    A member of the Moroccan emergency services in action during the rescue operation. AFP
  • Search crews first used five bulldozers to dig vertically to a depth of more than 31 metres. AFP
    Search crews first used five bulldozers to dig vertically to a depth of more than 31 metres. AFP
  • On Friday, rescuers started excavating a horizontal tunnel to reach Rayan. AFP
    On Friday, rescuers started excavating a horizontal tunnel to reach Rayan. AFP
  • Experts in topographical engineering were called upon for help. AFP
    Experts in topographical engineering were called upon for help. AFP
  • A Moroccan emergency services climber surveys the site. AFP
    A Moroccan emergency services climber surveys the site. AFP
  • People wait for word on the rescue. AFP
    People wait for word on the rescue. AFP
  • Rescuers had earlier been able to feed Rayan food and oxygen through an opening in the well, and they placed a camera on him to watch his progress. AFP
    Rescuers had earlier been able to feed Rayan food and oxygen through an opening in the well, and they placed a camera on him to watch his progress. AFP
  • Hundreds of technical experts, workers, journalists, volunteers and well-wishers watched the rescue mission at the site and on live streams. AFP
    Hundreds of technical experts, workers, journalists, volunteers and well-wishers watched the rescue mission at the site and on live streams. AFP
  • Members of the civil defence use diggers and other equipment at the site. AFP
    Members of the civil defence use diggers and other equipment at the site. AFP
  • Crowds gather near the well as they anxiously wait for news on the fate of the child. AFP
    Crowds gather near the well as they anxiously wait for news on the fate of the child. AFP
  • As the well became deeper, it also narrowed to a diameter of a little more than 30 centimetres, rescue workers said. AFP
    As the well became deeper, it also narrowed to a diameter of a little more than 30 centimetres, rescue workers said. AFP
  • A woman waits for news at the site. AFP
    A woman waits for news at the site. AFP
  • The rescue operation captured attention in Morocco and around the world. AFP
    The rescue operation captured attention in Morocco and around the world. AFP
  • Rescuers work against the clock to reach Rayan. AFP
    Rescuers work against the clock to reach Rayan. AFP
  • Rescuers toiled through the night as concerns about Rayan's safety grow. AFP
    Rescuers toiled through the night as concerns about Rayan's safety grow. AFP
  • Rescuers during the nerve-racking final stages of a marathon effort to rescue Rayan. AFP
    Rescuers during the nerve-racking final stages of a marathon effort to rescue Rayan. AFP
  • Bystanders watch as the rescue attempt continues. AFP
    Bystanders watch as the rescue attempt continues. AFP
  • The brave work of rescue workers goes on. AFP
    The brave work of rescue workers goes on. AFP
  • Concerns about ground stability halted the rescue attempt at times. AP
    Concerns about ground stability halted the rescue attempt at times. AP
  • Rayan's father said that he was touched by the outpouring of support from fellow Moroccans over his son's ordeal. AP
    Rayan's father said that he was touched by the outpouring of support from fellow Moroccans over his son's ordeal. AP

It will also bring up memories of similar stories and traumatic memories for those who were involved in them, even the ones who survived. In 2010, 33 Chilean miners were pulled to the surface after a cave-in left them trapped underground for 69 days. Experts fashioned a custom rescue capsule, in part designed by the US space agency Nasa. In 2018, a global rescue operation was launched for a Thai football team of 12 teenage boys and their coach, who were trapped in a cave for more than two weeks. One rescuer died in the otherwise successful operation.

There have been few stronger scenes of global jubilation and emotion in recent years than after these rescues. It is always enthralling when people beat terrible odds to cheat death.

But Rayan's story is a reminder of quite how tough these odds are, and that even all the bravery and ingenuity of rescue teams is often not enough. The same can be said of Lama Al Rouqi, a six-year-old Saudi girl, who fell down a well in the north of the country in 2013, and two-year-old Sujith Wilson, who fell down a borehole in southern India in 2019. When such difficult missions fail, no one is to blame.

Much like they were not alone during the operation, Rayan's loved ones will also have the solidarity of people around the world as they grieve. Pictures of his parents walking from the scene have understandably been shared the world over. But they point to a shift that now needs to take place from a story that captivated the world in solidarity, to one that now needs to give his family privacy.

After all, positive media interest can take a negative turn. While the Thai football team was undergoing its near-catastrophic ordeal, global attention was briefly diverted by a bizarre and inappropriate spat between a key rescue diver in the operation and billionaire entrepreneur Elon Musk over the former's rejection of a rescue strategy proposed by Mr Musk.

So far, the mood over the past few days has been only that of solidarity on a remarkably wide scale. It must stay that way. But while the focus should be on helping Rayan's family grieve, the world can still remember him, his rescuers and supporters as part of an intense moment of rare global unity that will be remembered for years.

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UAE currency: the story behind the money in your pockets

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: February 08, 2022, 6:05 AM