French company MND is the latest to submit designs for Dubai's suspended travel network.
French company MND is the latest to submit designs for Dubai's suspended travel network.
French company MND is the latest to submit designs for Dubai's suspended travel network.
French company MND is the latest to submit designs for Dubai's suspended travel network.

Dubai looks at first sky pod network with French firm


Nick Webster
  • English
  • Arabic

French transport company MND is the latest to join the race to develop a network of high-speed suspended passenger pods in Dubai.

An early stage working agreement has been signed by the Roads and Transport Authority and the French mobility specialists.

The designs for a suspended transport network are similar to those already presented by the Chinese Zhong Tang Sky Railway Group and USky Transport of Belarus, which has a working test system at Sharjah Research, Technology and Innovation Park.

This Cabline system by MND is flexible, energy saving, and has minor impact on the urban environment
Abdul Mohsin Ibrahim Younes,
CEO of the RTA’s Rail Agency

The Cabline is a fully automatic, driverless transport system, with self-propelled cabins moving along ropes at speeds of up to 45 kilometres an hour.

“We believe the Cabline technology under development in our ropeways design centre based in the French Alps can contribute to new urban transportation experience,” said Xavier Gallot-Lavallee, chief executive of MND.

“Our engineering team has been working hard in the last years to finalise the design and make Cabline a unique and disruptive technology to ease urban mobility.

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Sharjah sky pod set to revolutionise transport in emirate

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“MND is very proud to work with RTA to achieve their vision of sustainable mobility.”

Cabline uses a minimalist infrastructure that its developers say is easy to integrate with the least possible footprint within an urban setting.

The company said its innovative technology is a more modern, aesthetically pleasing, quieter and more energy-efficient alternative to traditional ropeway transportation systems.

It has been developed in partnership with the French state agency for sustainable development, Ademe.

The Belarusian system is suspended on rails using Unitsky String Technology, at a fraction of the cost of other regular transport systems

A Skyway Innovation Centre and testing site at the Sharjah Research, Technology and Innovation Park will include several lines using super-strong string technology.

Passenger and cargo pods will have the capacity to be carried at speeds between 150kph and 500kph, the company said.

A series of agreements have been signed with transport developers and the RTA to find the best solution of achieving Dubai’s vision of 25 per cent of all trips to be self-driving by 2030.

“Realising this objective requires developing advanced innovative transport systems and improving the sustainable transport network in Dubai to encourage people and visitors to use public transport,” said Abdul Younes, chief executive of the RTA’s Rail Agency.

“MND is a leading group for ropeways infrastructure and working on a new driverless high-speed system.

“This Cabline system by MND is flexible, energy-saving, and has minor impact on the urban environment.”

War and the virus
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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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Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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When: April 25, 10.45pm kick-off (UAE)
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Updated: July 26, 2021, 1:57 PM