Dibba Al Fujairah residents welcome plan for exhibition centre



FUJAIRAH // Residents of Dibba Al Fujairah expect a newly announced exhibition centre to further boost the local economy and tourism.

The new centre, which is the first of its kind in the area, will have a modern design and cover an area of 2,400 square metres. It will be located in Al Nahda area in Dibba and is expected to be completed in August 2018.

The plans were announced under directives of Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah. The centre will be managed by Fujairah Chamber of Commerce and Industry.

The centre will host exhibitions, conventions and trade fairs throughout the year, said Sultan Al Hindasi, deputy manager of the chamber.

"Having a venue that can accommodate and arrange for trade fairs, national and international exhibitions in Dibba is a step forward to promote the area and its local industries," Mr Al Hindasi said.

"It’s cool weather, high population and unique location overlooking the Indian Ocean makes it the perfect place for such projects.

"The facility will benefit all the community members and will encourage more people on visiting the area."

The exhibition centre will have three ballrooms that can be joined into one, along with restaurants, coffee shops and parking lots.

"The centre’s ballrooms can also be rented for various occasions and wedding celebrations, and will host social and community activities and conferences," Mr Al Hindasi said.

"It will attract local and international enterprises, and will play an important role in the country and the area’s economic and financial growth."

One Dibba resident said the area needs new projects to prosper and become more well-known.

"When I hear about new projects being planned for the area I feel really happy and thrilled," said Rasheed Al Dhanhani, 36.

"Dibba is a very nice place and a getaway for many locals and tourists, and having a venue that can host many exhibitions will make people want to come and explore the area more.

"It will definitely give a boost to the tourism and economic sectors and that will benefit us all."

Dibba Al Fujairah is located on the northeast part of the country, 70 kilometres away from Fujairah, and is considered the second-largest city in Fujairah, with a population of 30,898.

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Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Friday, February 18: 10am - Oman v Nepal, Canada v Philippines; 2pm - Ireland v UAE, Germany v Bahrain

Saturday, February 19: 10am - Oman v Canada, Nepal v Philippines; 2pm - UAE v Germany, Ireland v Bahrain

Monday, February 21: 10am - Ireland v Germany, UAE v Bahrain; 2pm - Nepal v Canada, Oman v Philippines

Tuesday, February 22: 2pm – semi-finals

Thursday, February 24: 2pm – final

UAE squad: Ahmed Raza (captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia

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England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

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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.

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Sept 19: India v Pakistan (Dubai)

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Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)

Sept 23: Group A Winner v Group A Runner-up (Dubai)

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Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)

Sept 28: Final (Dubai)

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Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road

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Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019

 

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Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

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Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

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