For decades, Al Ain has been famous for its road system and the city's large number of roundabouts, often adorned with sculptures and public art.
Now authorities are planning a major transformation of the roads network, in which some of the roundabouts will be replaced by underpasses, bridges and traffic lights.
The plan aims to reduce travel times for motorists by improving traffic flow and enhancing the quality of life of the public.
Abu Dhabi's Department of Municipality and Transport said the revamp would take place in stages, with its historic sculptures moved to other locations to preserve the city's heritage. It is unclear how many roundabouts will be changed or when the project will be completed.
I am very happy that we have kept these landmarks because it's what makes the city so special
Manal Ibrahim
"The 2010 comprehensive transportation plan for Al Ain 2030 was approved to provide infrastructure and urbanisation to enhance its capabilities to meet the expected population and urban growth requirements for the next 20 years," a DMT representative told The National.
"Updates in 2023 are reflected in the evolving city plan and completed projects, as part of the Municipality's efforts to preserve well-known landmarks associated with the city."
Roundabouts were introduced in the UAE in the 1950s and were based on the UK's traffic system. However, due to the high volume of traffic on the roads, they have been slowly phased out to make way for more efficient flyovers.
Preserving ancient landmarks
Al Ain is home to many roundabouts, including the famous Tawam roundabout, which is one of the city's oldest that was originally positioned as the first roundabout for motorists arriving in Al Ain from Abu Dhabi.
It became a landmark in the city thanks to its four distinctive horse statues – two black and two white – located behind hedges, palm trees, street maps and flower-lined walkways.
Now, the roundabout is being redeveloped into an underpass tunnel with a graded traffic junction to improve congestion.
It is unclear where the horse statues will be relocated. However, officials said efforts are being made to ensure that all landmark sculptures will be preserved.
Among the first to undergo the transformation was the Deer, Clock and Al Mandous roundabouts, in the heart of the city.
The sculpture originally erected at Al Mandous roundabout was installed at the intersection of Ali bin Abi Talib Street and Hessa bint Mohammed Street.
The Deer Roundabout, which features a statue of two Arabian oryx, was moved to the junction project in the Ma'aterid area at about the same time.
The Clock Tower Roundabout, built in 1968, also served as a point of reference and a symbol of the 135km distance between Dubai and Abu Dhabi. The oldest aerial photos on record show the roundabout in 1976.
Al Ain's identity
"These landmarks and roundabouts are very well known, even if they are no longer there in a form of a roundabout. When I give people directions I still say 'where the clock roundabout is,'" said Egyptian resident Manal Ibrahim, who has lived in Al Ain for about three decades.
"People who have lived in Al Ain for a long time know about these iconic landmarks as they have become part of the city's identity.
"I am very happy that we have kept these landmarks because it's what makes the city so special."
While fast-moving developments are taking place in the city, Ms Ibrahim said she liked that the traditions, heritage and old landmarks are being "cared for and saved by the country which adds a unique touch to the city".
Adeeb Sami, regional director of Aecom, a global infrastructure consulting company, has lived in Al Ain for three decades.
He said the city's road improvement project would attract more visitors and tourists, which will have a positive effect on the city's economy.
"There will be more spending and more business," he told The National, adding that it will also help to reduce congestion on the roads. "It will be better for the environment because of the reduction of travel time, helping to reduce emissions from cars and improve the air quality."
Mr Sami said Al Ain had an advantage over other cities in the UAE because it is not as heavily populated.
"Al Ain is a city with a different vision to Abu Dhabi and Dubai and it is not as populated as other cities in the UAE. It has been developed horizontally not vertically, which gives us an advantage when creating an intersection after removing the roundabouts," he said.
"There are no tall buildings in Al Ain so that is an advantage because the population per square kilometre is not like Abu Dhabi's, so that provides us with a margin that we can work with which provides flexibility in terms of changing the roundabouts."
Aayan%E2%80%99s%20records
%3Cp%3E%3Cstrong%3EYoungest%20UAE%20men%E2%80%99s%20cricketer%3C%2Fstrong%3E%3Cbr%3EWhen%20he%20debuted%20against%20Bangladesh%20aged%2016%20years%20and%20314%20days%2C%20he%20became%20the%20youngest%20ever%20to%20play%20for%20the%20men%E2%80%99s%20senior%20team.%20He%20broke%20the%20record%20set%20by%20his%20World%20Cup%20squad-mate%2C%20Alishan%20Sharafu%2C%20of%2017%20years%20and%2044%20days.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20wicket-taker%3C%2Fstrong%3E%3Cbr%3EAfter%20taking%20the%20wicket%20of%20Bangladesh%E2%80%99s%20Litton%20Das%20on%20debut%20in%20Dubai%2C%20Aayan%20became%20the%20youngest%20male%20cricketer%20to%20take%20a%20wicket%20against%20a%20Full%20Member%20nation%20in%20a%20T20%20international.%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EYoungest%20in%20T20%20World%20Cup%20history%3F%3C%2Fstrong%3E%3Cbr%3EAayan%20does%20not%20turn%2017%20until%20November%2015%20%E2%80%93%20which%20is%20two%20days%20after%20the%20T20%20World%20Cup%20final%20at%20the%20MCG.%20If%20he%20does%20play%20in%20the%20competition%2C%20he%20will%20be%20its%20youngest%20ever%20player.%20Pakistan%E2%80%99s%20Mohammed%20Amir%2C%20who%20was%2017%20years%20and%2055%20days%20when%20he%20played%20in%202009%2C%20currently%20holds%20the%20record.%3C%2Fp%3E%0A
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
TO%20CATCH%20A%20KILLER
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDamian%20Szifron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shailene%20Woodley%2C%20Ben%20Mendelsohn%2C%20Ralph%20Ineson%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
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.”
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Results
6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m
Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer)
6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m
Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor
7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m
Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer
7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m
Winner: Desert Fire, Hector Crouch, Saeed bin Suroor
8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m
Winner: Naval Crown, William Buick, Charlie Appleby
8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m
Winner: Al Tariq, Pat Dobbs, Doug Watsons
9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m
Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor