David Chambers of Trident Support stands inside a section of the flagpole built for Azerbaijan.
David Chambers of Trident Support stands inside a section of the flagpole built for Azerbaijan.

Dubai firm builds tallest flagpole - again



A company from Dubai that makes the world's tallest flagpoles has ambitions to reach yet higher into the sky, one metre at a time. Trident Support has created record-breaking flagpoles in a string of cities across the globe and is now building a 165-metre flagpole for the city of Dushanbe, the capital of Tajikistan. Ambitious nations have hired the company to create ever higher flagpoles that will get them into the record books albeit temporarily for just a few million dollars.

Last year the Jebel Ali-based firm erected a 133-metre pole in Ashgabat, the capital of Turkmenistan, which was at the time the world's tallest unsupported flagpole. Earlier in May last year, a 162.9-metre pole took the record when it was completed in the Azerbaijani capital of Baku. The accolade is set to pass to Dushanbe in September, when its flagpole is due to be completed. To ensure more countries have the world's tallest flagpole, at least until something taller gets built, David Chambers, the firm's managing director, said that from now on they would not build flagpoles more than one metre higher than the record holder at the time.

"That's right, it will be 166 metres," he said of whatever flagpole follows the one in Dushanbe. "We're going to stick to a policy of one metre at a time. There won't even be a two-metre jump." It is possible the 166-metre flagpole could be built in the Gulf region; Mr Chambers said he had "very strong interest" from Oman and Qatar. Trident Support's extreme flagpoles are made in sections of about 12 metres using steel up to 50mm thick and cost from US$3 million (Dh11m) to $5m. A Jebel Ali subcontractor carries out the steelwork.

Mr Chambers's bulging order book includes a 60-metre flagpole scheduled to be erected in Port Elizabeth, South Africa, before the World Cup. The company has completed a 63-metre flagpole for the Gateway of India in New Delhi. Recent projects include erecting about 30 eight-metre flagpoles at the Yas Marina Circuit, which played host to the inaugural Abu Dhabi Grand Prix in November. The first major flagpole created by Mr Chambers's firm was a 100-metre structure in Bahrain followed in 2002 by the 123-metre flagpole on the Abu Dhabi seafront.

His other tall flagpoles include one in Amman that measured 126 metres and another in Aqaba, Jordan, that extended the then-record to 130 metres. Typically, the monster flags that fly on the poles weigh about 300kg and Trident Support makes about five for each customer from nylon or polyester to allow for frequent changes for repairs. The flag for Azerbaijan, to be hoisted in May to coincide with the country's national day, will measure 35 metres by 70 metres, making it the largest flag flown on a flagpole.

However, given the heavy winds in Baku, Mr Chambers said the flag would need changing every three days or so, while in other cities flags can last several weeks at a time. As flagpoles get taller, larger cranes are needed to erect them, and Mr Chambers said this was likely to cause complications in Dushanbe. "There's a very good chance we'll use a helicopter in Tajikistan because we're having challenges getting a big crane transported there," he said.

"They would have to import one and it's very expensive. We're looking at bringing in a small crane and finishing the last 30 or 40 metres using a helicopter rented from Russia." Although it would be the first time the company has used a helicopter, Mr Chambers said the aircraft would be operated by an experienced construction firm to ensure the operation was safe. Trident Support believes it is possible to build flagpoles up to 220 metres without helicopters, assuming large cranes are available, but has not calculated the absolute limit.

"They could certainly go bigger, but it's a question of the erection method and transportation," said Mr Chambers. "Beyond this it's conceptual." @Email:dbardsley@thenational.ae

RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

The biog

Family: Parents and four sisters

Education: Bachelor’s degree in business management and marketing at American University of Sharjah

A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls

Likes reading: autobiographies and fiction

Favourite holiday destination: Italy

Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning

Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes

Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure

SQUADS

Pakistan: Sarfraz Ahmed (capt), Azhar Ali, Shan Masood, Sami Aslam, Babar Azam, Asad Shafiq, Haris Sohail, Usman Salahuddin, Yasir Shah, Mohammad Asghar, Bilal Asif, Mir Hamza, Mohammad Amir, Hasan Ali, Mohammad Abbas, Wahab Riaz

Sri Lanka: Dinesh Chandimal (capt), Lahiru Thirimanne (vice-capt), Dimuth Karunaratne, Kaushal Silva, Kusal Mendis, Sadeera Samarawickrama, Roshen Silva, Niroshan Dickwella, Rangana Herath, Lakshan Sandakan, Dilruwan Perera, Suranga Lakmal, Nuwan Pradeep, Vishwa Fernando, Lahiru Gamage

Umpires: Ian Gould (ENG) and Nigel Llong (ENG)
TV umpire: Richard Kettleborough (ENG)
ICC match referee: Andy Pycroft (ZIM)

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

How to help

Donate towards food and a flight by transferring money to this registered charity's account.

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How to help

Donate towards food and a flight by transferring money to this registered charity's account.

Account name: Dar Al Ber Society

Account Number: 11 530 734

IBAN: AE 9805 000 000 000 11 530 734

Bank Name: Abu Dhabi Islamic Bank

To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae


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