• Etihad Airways' Formula 1 livery Boeing 787 Dreamliner arrives in Abu Dhabi. All photos courtesy Etihad
    Etihad Airways' Formula 1 livery Boeing 787 Dreamliner arrives in Abu Dhabi. All photos courtesy Etihad
  • Sakhir Grand Prix winner Sergio Perez is accompanied by Etihad Airways staff at Abu Dhabi Airport.
    Sakhir Grand Prix winner Sergio Perez is accompanied by Etihad Airways staff at Abu Dhabi Airport.
  • Sakhir Grand Prix winner Sergio Perez is accompanied by Etihad Airways staff at Abu Dhabi Airport.
    Sakhir Grand Prix winner Sergio Perez is accompanied by Etihad Airways staff at Abu Dhabi Airport.
  • An Airbus A380 charter flight arrives in Abu Dhabi.
    An Airbus A380 charter flight arrives in Abu Dhabi.
  • Sakhir Grand Prix winner Sergio Perez is accompanied by Etihad Airways staff at Abu Dhabi Airport.
    Sakhir Grand Prix winner Sergio Perez is accompanied by Etihad Airways staff at Abu Dhabi Airport.

Abu Dhabi Grand Prix: Formula 1's stringent new biosphere is now in operation


Simon Wilgress-Pipe
  • English
  • Arabic

The countdown to the Abu Dhabi Grand Prix has begun, and Etihad Airways, the official partner to the race, has completed transportation of the teams, drivers and crew into the UAE inside the newly set up Formula 1 biosphere.

The carrier operated 10 flights from Manama in Bahrain to the capital of the Emirates, allowing them to transfer to Yas Marina Circuit, following a series of discussions over recent weeks with F1’s travel division.

In essence, the biosphere is a series of requirements that are geared towards keeping those travelling between races free from contracting – or spreading – Covid-19. This is the first time the entire paddock community has been obliged to travel on a race-organised series of charter flights.

Everyone involved must now remain within the biosphere, as strict rules remain in place. No one will be permitted re-entry to the Yas Island track if they leave the lockdown zone. The only exceptions, which are few, are vehicles and personnel with specially arranged passes issued by the government.

Those entering Abu Dhabi for this year’s race have already had to spend at least a week under a similar lockdown in Bahrain, undergoing regular Covid-19 tests. The last of these tests would have been taken just before the travellers boarded their allotted aircraft.

The restrictions of the biosphere are some of the most stringent in world sport, with the FIA – motor racing’s global governing body – closely involved in the development of the new rules.

When the official announcement was made that the race would be taking place on December 13, Emirates News Agency Wam reported that the “the precautionary health measures in place during the F1 weekend on Yas Island prioritise the wellbeing of the F1 community while maintaining the competitive integrity of the final race of the season”.

The idea of the biosphere was mooted in May by Ross Brawn, British F1’s managing director, and discussions between the various stakeholders around the world have been extensive and ongoing for months.

Speaking on the F1 Nation podcast at the time, he talked about the potential problems ahead.

“One of the logistical challenges is getting everyone tested and cleared to enter the paddock and enter the racing environment,” Brawn said.

The most high-profile figure to be affected by the new rulings is F1 world champion Lewis Hamilton, who had to miss the penultimate round of the championship in Bahrain after contracting the coronavirus.

The Mercedes driver, who secured his record-equalling seventh title in Turkey in November, still maintains hopes of being allowed entry into Abu Dhabi for the race.

"It has been one of the hardest weeks I've had for some time," the 35-year-old Briton said in a video on social media on Tuesday.

"I've just been focusing on recovering and trying to get back in shape so I can get back in the car and race in Abu Dhabi.

"I woke up today feeling great and got my first workout in so I just wanted to send you guys a message of positivity, let you know I'm OK. I hope that I can get back in the car soon."

The decision over Hamilton's inclusion, though, remains with the Bahraini health authorities, according to FIA race director Michael Masi.

Terry Daly of the Etihad Aviation Group, said the airline’s role in the operation was “meticulously planned”.

“Etihad transported more than 1,200 guests in order to move the Formula 1 from our neighbour Bahrain to Yas Marina Circuit in Abu Dhabi," he said.

"Guests on board were looked after by our Wellness Ambassadors who are available on every Etihad flight to ensure the highest safety and wellbeing standards.”

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
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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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Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

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