DUBAI // A leopard growls angrily and chases away two of his companions, marking his territory inside a dingy, tiny cage at the Dubai Zoo.
The leopards, along with about 125 other species at the zoo, have been surviving in close quarters and harsh temperatures for more than four decades. But they may soon have more room to stretch their legs.
The municipality announced yesterday that it had commissioned a study to shift the two-hectare, government-run zoo from Jumeirah to new, world-class premises.
Within two months a consultancy and action team is to come up with the final concept, proposing a new location and required area, and recommending the allocation of space for each species according to international standards, said Hussain Lootah, the director general of the municipality.
When the Dubai Zoo was built in 1967 it had several dozen animals, but that number has greatly increased. Many animals have been donated privately or given to the zoo after Dubai Customs discovered them being smuggled into the UAE.
As a result, they are forced to share cages and jostle for room, and not always with their own kind.
The lack of space and poor living conditions at the public park have been under fire from visitors and activists for several years.
“The current zoo should be improved as it is very old and small after the huge development around it, and increasing number of animals and visitors,” Mr Lootah said.
The consultants had given the municipality the option of keeping animals in a “safari”, an open-air environment or enclosures.
“We are going to adopt the cages system, considering the area constraints in the emirate,” Mr Lootah said. “The cages will be arranged and distributed in accordance with each category and type of animals, birds and other species in a comfortable way.”
He said cages were common at zoos in most countries.
The park will have a team of specialists, veterinarians and curators, officials said.
Yesterday, activists were cautiously optimistic about the decision, as there have been several zoo relocation proposals in the past.
“I am sceptical whether or not the move will come through,” said Ashley Fruno, a Hong Kong activist from People for the Ethical Treatment of Animals (Peta).
Ms Fruno was among those who staged a protest in 2010 outside the zoo, dressed in monkey outfits and carrying signs that read, “Zoos: cruel animal prisons”.
“The Dubai Zoo is one of the worst zoos because of the sheer small size and because of the severe heat,” she said. “Each type of animal or species has to be assessed individually. Many require different cooling systems.”
Ms Fruno said she was disappointed authorities had decided to keep the animals locked up.
“A safari type of environment would be better so animals wouldn’t have been restrained,” she said.
Visitors at the park said the zoo management must emphasise the welfare of the animals.
“It is a real pity to see them like this,” said Yashwinder Pal, who was with his family at the zoo yesterday. “They look so unhappy and lonely. I have been on safaris and they are great. Here, I am very upset seeing them in congested conditions.”
Another visitor welcomed the planned venue change.
“We need a cleaner, more organised zoo,” said Naji Thbat, a Dubai resident. “Smaller countries have better zoos. We have to take care of the animals and ensure the environment is cleaner.”
Despite the space constraint, Dubai Zoo officials have maintained that the animals are treated with great care.
“A bigger place is better,” said an animal keeper at the zoo, who asked not to be identified. “But we take good care of the animals.
“In summer, we put ice and plenty of water in their cages. The gorillas, chimpanzees and snakes have air-conditioned enclosures, and some cages have fans.”
pkannan@thenational.ae
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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.”
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Uefa Champions League quarter-final (first-leg score):
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Major honours
ARSENAL
BARCELONA
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CHELSEA
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- FA Cup - 2018
- League Cup - 2015
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- European Championship - 2008, 2012
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