As Dubai gets set to open the first world fair in the Middle East next month, Emirates Airline has given visitors a sneak peek of what to expect from its futuristic pavilion.
Located in the Opportunity District of Expo 2020 Dubai, the Emirates Pavilion is in walking distance of Al Wasl Plaza, the main staging area and where the glittering opening ceremony will take place, and close to Rove Expo 2020, the only hotel at "the world's greatest show".
Follow the latest updates on Expo 2020 Dubai here
Opening daily from 10am to 10pm, the airline's pavilion is staffed by cabin crew and reservations are now open for anyone wanting to book their visit in advance. Doing so allows guests to select their preferred date and time, and to skip the queues.
The towering facade of the Emirates Pavilion has been inspired by the shape of an aircraft’s wings taking flight. It is constructed from 24 aluminium cladded fins that curve around two sides of the structure, and is illuminated by an exterior 800-metre LED system.
Emirates has designed its pavilion to offer people a glimpse into the future of commercial aviation.
Set over two levels, there's space for up to 120 aviation enthusiasts at any one time in the pavilion, which is filled with interactive multisensory installations, virtual reality experiences and even some working robots.
Aviation fans will be in their element as the entire exhibition delves deep into the world of commercial flying, and also gives visitors the chance to design and "fly" their own aircraft.
Guests can get clued up about all things flight related at the Emirates thrust and propulsion installation. Here, animations related to engine and fuel technologies will be on display, including presentations about hybrid and electric flying.
Super realistic aircraft engine models will let engineering enthusiasts get an up-close look at how these future technologies will work.
The science of flight installation at the pavilion expands on this knowledge, using holographic models to demonstrate how jets fly, and detailing specifics about lift, thrust, gravity and drag.
Design and 'fly' your own Emirates aircraft
Emirates is also giving visitors the chance to design their own futurist aircraft. Using an ultra-haptic interface, visitors can build their own design, deciding on the type of engine, wings, range and livery their jet should have. Once the construction is complete, there’s the chance to fly the plane through the Emirates flight simulator to see just how well it would perform.
As the world is changing thanks to emerging technologies, airports are set to change, too. Emirates has visualised what the airport of the future looks like, giving visitors to the pavilion a chance to see how biometrics, data analytics and smart technologies will transform the passenger experience.
There’s also a focus on how flying can be more sustainable at the cleaner skies installation. This immersive experience details innovations from the world of flight that are designed to address some of the planet’s big challenges such as sustainability and population growth.
VR headsets and robotic arms
Inside the future lab, visitors can see robotic arms busy at work, demonstrating new technologies that are designed to make the aircraft of the future faster, lighter and stronger.
There’s also the chance to see what the aircraft of the future will look like for passengers. Using virtual reality headsets, guests visiting Emirates' pavilion can navigate through a virtual jet, discovering the fuselage’s interactive windows, viewing different types of cabin and exploring how seating configurations are set to change.
Every visit will be tracked, with all reactions, interactions and experiences recorded during each session. Before leaving, each guests will get a personalised multisensory cinematic presentation of their time at the Emirates Pavilion, inclusive of detailed 3D motion graphics.
There’s also an Emirates cafe and an Emirates official store inside the pavilion, where visitors can get their hands on customised Emirates and Expo 2020 Dubai merchandise.
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.”
Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes.
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
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