• Natural History Museum Abu Dhabi rises from Saadiyat Island. Photo: Department of Culture and Tourism - Abu Dhabi
    Natural History Museum Abu Dhabi rises from Saadiyat Island. Photo: Department of Culture and Tourism - Abu Dhabi
  • The museum is set to open in 2025. Photo: Department of Culture and Tourism - Abu Dhabi
    The museum is set to open in 2025. Photo: Department of Culture and Tourism - Abu Dhabi
  • Highlights will include Stan, the 11.7 metre-tall Tyrannosaurus rex. Victor Besa / The National
    Highlights will include Stan, the 11.7 metre-tall Tyrannosaurus rex. Victor Besa / The National
  • And a Lunar meteorite. Victor Besa / The National
    And a Lunar meteorite. Victor Besa / The National
  • The skull of an Arabian sand gazelle. Victor Besa / The National
    The skull of an Arabian sand gazelle. Victor Besa / The National
  • Natural History Museum Abu Dhabi is set to be a major cultural attraction. Photo: Department of Culture and Tourism - Abu Dhabi
    Natural History Museum Abu Dhabi is set to be a major cultural attraction. Photo: Department of Culture and Tourism - Abu Dhabi

Photo reveals Natural History Museum Abu Dhabi rising from the sands


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A photograph has revealed huge progress in the construction of the Natural History Museum Abu Dhabi.

The cultural institution is being built on Saadiyat Island and the image released on Monday by the emirate's tourism chiefs shows the building rising from the sands.

The Department of Culture and Tourism – Abu Dhabi and Miral, the museum's developer, said the project, which covers 35,000 square metres, was now 25 per cent complete.

UAE-based construction group Alec was appointed as main contractor earlier this year.

When opened, the museum will aim to bring visitors on a 14-billion-year journey through time and space from the origins of our universe to the Earth’s future.

“The Natural History Museum Abu Dhabi will bring a new dimension of educational discovery to the Abu Dhabi community, as an entirely unique cultural attraction that offers visitors and residents endless inspiration," said Saood Al Hosani, undersecretary at the Department of Culture and Tourism – Abu Dhabi.

"With work now under way on this pioneering institution, the realisation of our vision for the Saadiyat Cultural District moves one step closer."

Highlights of the museum will include 'Stan', the world-famous 11.7 metre-tall Tyrannosaurus rex. Victor Besa / The National
Highlights of the museum will include 'Stan', the world-famous 11.7 metre-tall Tyrannosaurus rex. Victor Besa / The National

Tourism chiefs said the museum is due to be completed at the end of 2025. Highlights will include “Stan”, the world-famous 11.7 metre-tall Tyrannosaurus rex that is one of the best-preserved fossils of the late Cretaceous period predator and the Murchison meteorite, which landed in Australia in 1969. The museum will also have a scientific research centre.

The Natural History Museum Abu Dhabi was designed by architecture firm Mecanoo and its shapes reflect natural rock formations. Mohamed Al Zaabi, the chief executive of Miral, said the museum would be an "iconic cultural landmark".

"The Natural History Museum Abu Dhabi will provide visitors with an enriching cultural experience to help position Saadiyat as the destination of choice and Abu Dhabi as a centre for culture, arts and creativity," Mr Al Zaabi said.

"It also supports achieving Saadiyat Vision 2025, which aims to grow domestic, regional and global visitor numbers, supporting the development of Abu Dhabi’s tourism ecosystem.”

The museum is located in the Saadiyat Cultural District, which is also home to Louvre Abu Dhabi.

It will soon welcome the Zayed National Museum, the national museum of the UAE; Guggenheim Abu Dhabi, focusing on global modern and contemporary art; and the Abrahamic Family House, comprised of a mosque, a synagogue and a church to promote interfaith tolerance.

Wednesday's results

Finland 3-0 Armenia
Faroes Islands 1-0 Malta
Sweden 1-1 Spain
Gibraltar 2-3 Georgia
Romania 1-1 Norway
Greece 2-1 Bosnia and Herzegovina
Liechtenstein 0-5 Italy
Switzerland 2-0 Rep of Ireland
Israel 3-1 Latvia

Moral education needed in a 'rapidly changing world'

Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.

Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.

"Moral education touches on every aspect and subject that children engage in.

"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.

"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."

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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.”

Updated: October 24, 2022, 3:23 PM