A Dubai company has launched an ambitious project to use drone technology to plant one million ghaf tree seeds across the UAE in an effort to combat climate change.
Fuel-delivery company Cafu is behind the project that will send out drones to plant the ghaf tree seeds by firing them into the ground at a speed of 288 kilometres per hour.
A senior figure from the company said the two-year strategy would involve swarms of drones launching the seeds into the ground from a height of 10 metres.
We want to show that planting seeds by drone technology is a much more efficient method than using hundreds of people
The company has already completed the first two rounds of the programme with drone seeding taking place in the Mleiha Desert, Sharjah.
“The key benefit we hope to create is to discover a new way to plant trees in a cost-effective way,” said Cafu general manager Antonio Al Asmar.
“We want to show that planting seeds by drone technology is a much more efficient method than using hundreds of people to do the same task.”
The drones fire a custom-made “seedball” into the surface of the desert, using pneumatic power to ensure they are embedded at least 1 centimetre in the ground.
Mr Al Asmar said he hoped the project could be adopted by other countries over time, if successful.
He was unable to give an exact cost of the project but estimated it would run to “hundreds of thousands of dirhams” at the very least.
“If we can make it work here in the desert environment, there is no limit to where we can make it work,” said Mr Al Asmar.
“For now, though, we want to prove it works here and then take it to other areas. I see a lot of potential for it. There is a lot of time-consuming manual labour involved in the agricultural industry that could be made much more efficient.”
A commitment to combating climate change
Mr Al Asmar said it was right that, as a fossil fuel company, it works to negate the impact of its industry on the environment.
“We are absolutely committed to tackling climate change and this is our way of contributing,” he said.
“People might see the Cafu project as being cynical when we are delivering fuel in a truck but what we offer actually helps the environment.
“Our model is more efficient than cars going to the gas station: one vehicle filling 200 cars is better than 200 cars going and filling at the gas station.”
The company’s founder and chief executive said the drone project was in keeping with its ethos to promote sustainable practices.
“Our motivation, since the time we launched in 2018, has been to set convenience in motion to make life better for our customers and residents, not just through our services, but through our ethos and values,” said Rashid Al Ghurair, founder of Cafu.
“The Ghaf Tree Project, which forms the central pillar of our sustainability deal, is very close to my heart and I am happy to see the impact we are making on the UAE through this project.”
Life on an organic farm in Sharjah
Match info:
Portugal 1
Ronaldo (4')
Morocco 0
Grand slam winners since July 2003
Who has won major titles since Wimbledon 2003 when Roger Federer won his first grand slam
Roger Federer 19 (8 Wimbledon, 5 Australian Open, 5 US Open, 1 French Open)
Rafael Nadal 16 (10 French Open, 3 US Open, 2 Wimbledon, 1 Australian Open)
Novak Djokovic 12 (6 Australian Open, 3 Wimbledon, 2 US Open, 1 French Open)
Andy Murray 3 (2 Wimbledon, 1 US Open)
Stan Wawrinka 3 (1 Australian Open, 1 French Open, 1 US Open)
Andy Roddick 1 (1 US Open)
Gaston Gaudio 1 (1 French Open)
Marat Safin 1 (1 Australian Open)
Juan Martin del Potro 1 (1 US Open)
Marin Cilic 1 (1 US Open)
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
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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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Match info
What: Fifa Club World Cup play-off
Who: Al Ain v Team Wellington
Where: Hazza bin Zayed Stadium, Al Ain
When: Wednesday, kick off 7.30pm