Water adventure tourism is on the rise as travellers seek out activities with the extra thrill factor.
Scuba diving accounts for a sizeable part of that market, with the global diving tourism sector estimated to reach nearly $3 billion in 2022, according to recent data from market intelligence and consulting firm Future Market Insights.
And, while there's no shortage of dive sites to explore with shipwrecks and natural reefs galore, for anyone seeking something a little bit different, there's a whole underwater world of plane wrecks to get acquainted with.
Some destinations have intentionally sunk aircraft to promote diving tourism and create coral reefs, while others are the result of plane crashes.
From a submerged Boeing 747 in Bahrain to a tiny two-seater private plane in the Bahamas that's surrounded by urban legends, here are five of the world's best.
1. Dive into a Lockheed in the Red Sea, Jordan
On Jordan’s southern tip, the seaside city of Aqaba is home to a Lockheed Martin L-1011 TriStar, which sits at the bottom of the ocean. Divers can circumnavigate the huge 400-passenger plane which is located at depths of 15 metres.
Sunk in 2019 after sitting abandoned for years at King Hussein International Airport, Aqaba, the jet is well preserved and divers can go inside via two doors behind the cockpit. Middle seats in the fuselage have been removed to allow easy access to the wreck, which is now a haven for coral, puffer fish, octopus and other marine life.
2. Explore a Boeing 747 in the Gulf of Bahrain
The largest plane to be submerged in the ocean can be found off the coast of tiny Bahrain.
Part of Dive Bahrain — an eco-friendly underwater theme park that will span some 100,000 square metres when complete — the decommissioned jumbo jet is the Amwaj Island park's star attraction.
Divers will have to sit tight before they can access the site as it's currently closed until 2023, but when it does reopen, it will also be home to several other structures including a replica of a traditional Bahraini pearl merchant’s house, an artificial coral reef and a submerged sculpture park.
3. Deep dive to the Flying Fortress in the Adriatic Sea, Croatia
At a depth of more than 60 metres, Croatia’s sunken Flying Fortress is known as one of the most difficult dives in the Adriatic Sea.
Located off the island of Vis on the Dalmatian Coast, the wreckage of the B-17 bomber is only accessible to technical divers and even then time on the bottom has to be limited to 15 minutes.
The jet is one of the best preserved of its type and divers can clearly see its 30-metre wingspan, 20-metre fuselage and four propeller engines. The pilot’s cabin is fully accessible and divers will find the deepest point under the tail of the fortress.
4. Swim around a Second World War-era jet in the Bahamas
Perhaps the world’s most accessible underwater wreck can be found in the Exuma Cays.
Nestled in shallow turquoise waters about a half-mile off the Staniel Cay coast, the Second World War-era, twin seat private aircraft is submerged at a depth of around three metres, making it a good starting point for a shore dive.
The story surrounding the plane’s crash is a convoluted account of poorly-lit island runways, low fuel warnings, drug smuggling and Colombian cartels in the 1980s, but the resulting underwater wreckage has become one of Exuma's most-popular tourist attractions.
And, with the surrounding Atlantic Ocean known for its marine life, you’re guaranteed to see plenty of colourful coral and fish in and around the sunken jet.
5. Plunge to the Neopolis Airbus A300 off the Aegean Coast, Turkey
One of the largest aircraft ever to be submerged as a dive site is the wide-body Airbus 300, which was sent to the seabed off Kusadasi in 2016.
The Neopolis is located some 20 metres below the surface and is a huge site to explore. With a 55-metre-long fuselage and a 45-metre wingspan, it’s entirely accessible to divers.
Before it was sent into the blue, the jet was stripped to remove any substances that might be damaging to the underwater world and marine life in the region thrives, with divers able to spot lobster, leerfish, black bream swarms and sea bunnies.
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.”
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The years Ramadan fell in May
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Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Canada
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Juliot Vinolia’s checklist for adopting alternate-day fasting
- Don’t do it more than once in three days
- Don’t go under 700 calories on fasting days
- Ensure there is sufficient water intake, as the body can go in dehydration mode
- Ensure there is enough roughage (fibre) in the food on fasting days as well
- Do not binge on processed or fatty foods on non-fasting days
- Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates
- Manage your sleep
- People with existing gastric or mental health issues should avoid fasting
- Do not fast for prolonged periods without supervision by a qualified expert
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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MATCH INFO
Uefa Champions League semi-final, first leg
Tottenham v Ajax, Tuesday, 11pm (UAE).
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
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Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
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