New Zealand's Portia Woodman-Wickliffe at the Abu Dhabi Sevens Festival. Chris Whiteoak / The National
New Zealand's Portia Woodman-Wickliffe at the Abu Dhabi Sevens Festival. Chris Whiteoak / The National
New Zealand's Portia Woodman-Wickliffe at the Abu Dhabi Sevens Festival. Chris Whiteoak / The National
New Zealand's Portia Woodman-Wickliffe at the Abu Dhabi Sevens Festival. Chris Whiteoak / The National

New Zealand warm up for world series defence by winning first Abu Dhabi Sevens Festival


Paul Radley
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New Zealand warmed up for the start of their women’s world sevens series title defence by winning the first Abu Dhabi Sevens Festival on Friday evening.

The Black Ferns Sevens beat France 24-12 in the final at Abu Dhabi Cricket and Sports Hub.

The four-team competition, which also featured Brazil and Canada, was the pilot edition of what organisers hope will become a feature of the UAE sporting landscape.

Plans are in place to expand the competition next season and include a men’s event for sides travelling to the emirates for the beginning of the HSBC Svns – the newly-rebranded world series ­– in Dubai.

As in Dubai, which is renowned on the world circuit for the unique atmosphere created by having invitational tournaments running alongside the World Rugby series, the Abu Dhabi Festival is also focused on community involvement.

A team from the Small Blacks, the youth training programme of New Zealand Rugby based in Abu Dhabi, played a game against Ecole Francaise de Rugby in a break between the senior matches. Recreational sides also played fixtures earlier in the week.

New Zealand’s women have made a tradition of travelling to the capital for acclimatisation ahead of the Dubai Sevens.

  • Chloe Pelle of France during a Abu Dhabi Sevens Festival match against Canada at the Abu Dhabi Cricket & Sports Hub. All images Chris Whiteoak / The National
    Chloe Pelle of France during a Abu Dhabi Sevens Festival match against Canada at the Abu Dhabi Cricket & Sports Hub. All images Chris Whiteoak / The National
  • France took on Canada at the Abu Dhabi Sevens Festival on Friday
    France took on Canada at the Abu Dhabi Sevens Festival on Friday
  • The Abu Dhabi Sevens Festival got off to a memorable start
    The Abu Dhabi Sevens Festival got off to a memorable start
  • Krissy Scurfield of Canada is tackled during the match against France at the Abu Dhabi Sevens Festival
    Krissy Scurfield of Canada is tackled during the match against France at the Abu Dhabi Sevens Festival
  • New Zealand's Tenika Willison passes the ball during their match against Brazil at the Abu Dhabi Cricket & Sports Hub
    New Zealand's Tenika Willison passes the ball during their match against Brazil at the Abu Dhabi Cricket & Sports Hub
  • Krissy Scurfield of Canada gets tackled
    Krissy Scurfield of Canada gets tackled
  • Caroline Drouin of France goes on a run
    Caroline Drouin of France goes on a run

It has served them well. They have been regular winners in Dubai, while last year they dominated the world series.

“It is amazing for us,” said Portia Woodman-Wickliffe, who was named World Rugby’s women’s sevens player of the decade in 2020.

“We get absolutely spoilt by Abu Dhabi Cricket. It is a special place and we love it. Back at home at this time, it’s nowhere near this heat. To come over here and have these facilities and this weather, it is all we could ask for.

“The grounds have grown from the first time we came here until now, and it will be awesome to see what they can put out for a big tournament, and compete with Dubai Sevens as well.”

Sarah Hirini, the New Zealand captain, said the Abu Dhabi Festival already feels like an established competition.

“We always think this is the best trip to get onto if we can make the Dubai squad as we get to come to Abu Dhabi for a week and hang out in the desert,” Hirini said.

“We get to train at some pretty amazing facilities. We get to prepare the best we can for a tournament, and it is just a cool place.

“And even now, this feels like a real tournament like on the world series. It is only going to get bigger and bigger, and hopefully we can be a part of it for a few more years yet.”

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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.”

Updated: November 26, 2023, 10:38 AM