• The extra lane is expected to speed up traffic immediately. Pawan Singh / The National
    The extra lane is expected to speed up traffic immediately. Pawan Singh / The National
  • What should be a short 15 minute drive between the two cities often took 45 minutes to an hour. Pawan Singh / The National
    What should be a short 15 minute drive between the two cities often took 45 minutes to an hour. Pawan Singh / The National
  • A view of the new lane with Sharjah in the background. Pawan Singh / The National
    A view of the new lane with Sharjah in the background. Pawan Singh / The National

Commuters relieved as extra road lane eases Dubai-Sharjah traffic


Ali Al Shouk
  • English
  • Arabic

A new road lane to improve traffic flow between Sharjah and Dubai has been welcomed by residents who regularly commute between the two emirates.

The new lane on Sharjah’s Al Taawun bridge opened on Monday and aims to ease congestion in the area.

The new addition means traffic can now flow along three lanes instead of two, when exiting the bridge.

The bottleneck would cause a 20-minute delay every day. The new lane will shorten my journey and it should ease traffic flow
Asim Abdulrahman,
Sharjah resident

Motorists driving from Dubai into Sharjah during peak hours would often face long queues owing to bottlenecking on Al Taawun bridge towards Al Taawun’s roundabout.

Traffic coming from two major motorways — Al Ittihad Road and Mohamed bin Zayed road in Dubai — would cause a major build-up on the bridge because many residents work in Dubai and live in Sharjah owing to its lower rents.

Previously, the four-lane road filtered into just two lanes as traffic tried to exit the bridge.

The Roads and Transport Authority in Sharjah carried out the upgrades to increase traffic capacity.

For Asim Abdulrahman, an Egyptian resident in Sharjah who works close to Dubai’s Sheikh Zayed Road, the new addition to the bridge has been long awaited.

He uses the bridge to reach his apartment in Al Taawun, but said he would often get caught in heavy traffic.

“[I use the bridge] almost every day to reach my apartment. It takes between 45 minutes to an hour to reach home due to constant traffic jams on the Al Taawun bridge,” he said.

“The bottleneck would cause a 20-minute delay every day.

“The new lane will shorten my journey and it should ease traffic flow.”

He said many drivers would switch lanes at the last minute and join traffic in the two filter lanes, which would result in bottlenecking.

In July this year, the 35-year-old graphic designer said he was thrilled to see roadworks being carried out to widen the road.

“I was thrilled when I noticed the construction work happening as I felt it would bring an end to the misery of a long commute,” he said.

“Traffic has been smoother [this week] thanks to the improvements.”

Mohammad Riad, a 46-year-old Indian resident who lives in the Al Khan area of Sharjah and works in Dubai, praised the addition of the new lane, especially as schools prepare to reopen later this month.

“Al Taawun bridge is a key access point for many routes and it is usually busy with school buses and motorists,” he said.

“The new [lane] will boost traffic movement. It was a smart move to work on it during the summer break as there is less traffic on the roads.

“Traffic caused so much anxiety to drivers as well as minor accidents. After a long day of work, we would love to have a relaxing ride back home rather than worry about traffic jams ahead.”

Sharjah's Roads and Transport Authority said the upgrade was in line with efforts to boost traffic management.

“The added lane is 450 metres long towards Al Taawun roundabout near Expo Sharjah.

"It is in line with the authority strategy to improve the roads network in the emirate. It will boost the traffic movement and bridge capacity in peak hours,” the authority told The National.

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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