• A woman is enthralled by the kaleidoscope show during a visit to the Monaco pavilion at Expo 2020 Dubai. All photos: Chris Whiteoak / The National
    A woman is enthralled by the kaleidoscope show during a visit to the Monaco pavilion at Expo 2020 Dubai. All photos: Chris Whiteoak / The National
  • Visitors are treated to a visual kaleidoscopic experience as they walk through the hallway of the Monaco pavilion at Expo 2020 Dubai.
    Visitors are treated to a visual kaleidoscopic experience as they walk through the hallway of the Monaco pavilion at Expo 2020 Dubai.
  • The polygon-shaped structure is designed to be powered by the photovoltaic panels under Monaco’s commitment to sustainably.
    The polygon-shaped structure is designed to be powered by the photovoltaic panels under Monaco’s commitment to sustainably.
  • Monaco, the world’s second smallest nation, is hoping to put on a stunning show at the Expo 2020 Dubai with its unique pavilion.
    Monaco, the world’s second smallest nation, is hoping to put on a stunning show at the Expo 2020 Dubai with its unique pavilion.
  • The pavilion has been built around the theme ‘Monaco 360°, a World of Opportunities'.
    The pavilion has been built around the theme ‘Monaco 360°, a World of Opportunities'.
  • As one of the world’s most densely populated countries, Monaco is looking to embrace green initiatives as part of its vision for the future.
    As one of the world’s most densely populated countries, Monaco is looking to embrace green initiatives as part of its vision for the future.
  • A model of a residential community called Mareterra is on display at the Monaco pavilion.
    A model of a residential community called Mareterra is on display at the Monaco pavilion.
  • The highlight of the pavilion is a small room covered in large mirrors in random order that gives an optical illusion of being inside a crystal.
    The highlight of the pavilion is a small room covered in large mirrors in random order that gives an optical illusion of being inside a crystal.
  • Called the kaleidoscope show, the feature was designed to tell the history and culture of Monaco to visitors through projections that reflect on the mirrors.
    Called the kaleidoscope show, the feature was designed to tell the history and culture of Monaco to visitors through projections that reflect on the mirrors.
  • Visitors enjoy the kaleidoscope show at the Monaco pavilion.
    Visitors enjoy the kaleidoscope show at the Monaco pavilion.

Monaco's Expo 2020 pavilion to delight visitors with kaleidoscope show


Sarwat Nasir
  • English
  • Arabic

Monaco, the world’s second smallest nation, is hoping to put on a massive show at Expo 2020 Dubai with its raw diamond-shaped pavilion.

The sovereign city-state on the French Riviera is known as a “billionaire’s playground”, with huge casinos, lavish events and the Monaco Grand Prix.

Apart from the glamour, the tiny nation has a rich history and a sophisticated arts and culture scene, which visitors will experience when they step through the doors.

Located in the Opportunity district, the pavilion has the theme "Monaco 360°, a world of opportunities".

The National got a first glimpse inside the pavilion on Saturday, ahead of the grand opening of the world fair on October 1.

Visitors are welcomed into a corridor covered in mirrors that act as a kaleidoscope, and then are transported into the Antarctic with huge penguin statues illustrating the nation's commitment to fighting climate change.

The pavilion also aims to highlight the micro-nation’s European culture, as well as its residential communities as the country’s population grows from its current 38,964 inhabitants.

Enormous penguin models welcome visitors into the Monaco pavilion. Chris Whiteoak / The National
Enormous penguin models welcome visitors into the Monaco pavilion. Chris Whiteoak / The National

The rock of Monaco

Robert Mueller, the creative director of the pavilion, said the building’s polygonal architecture was inspired by the shape of a raw diamond and the Rock of Monaco – a 62-metre tall monolith on the Mediterranean coast.

“We had asked ourselves what makes a small country so strong," he said.

"Which material is really strong? It has to be a diamond. It is one of the hardest materials on Earth. We liked the idea and we found that a raw diamond has a very interesting shape,” he said.

“It is also like the Rock of Monaco, which is the rock where the Prince’s Palace is rested.”

The Prince’s Palace is the official residence of the Sovereign Prince of Monaco, but it has a dramatic history dating back to 1191 when it often bombarded by enemies.

The ancient rock overlooks Monte Carlo’s port and the Mediterranean Sea, and is covered with medieval narrow streets and monuments that make up Monaco’s Old Town.

Interactive displays

Further into the pavilion, an interactive display highlights Monaco’s arts and culture scene.

“The Principality of Monaco is the birthplace of many world-renowned artistic creations,” one of the displays said.

“Les Ballets de Monte-Carlo, directed by Jean-Christophe Mallot with the Philharmonic Orchestra, and others, contribute to these riches and make Monaco a shining light on the world stage.

“Museums, theatres and concert halls complete this artistic and cultural offering, which is forever changing and open to the rest of the world.”

A giant wheel with a TV screen on top can be spun, changing the “channel” each time to show the many artists of Monaco.

The Kaleidoscope Show

A highlight of the pavilion is just before the exit, where a room covered in large mirrors in random order gives the optical illusion of being inside a crystal.

Called the Kaleidoscope Show, the feature was designed to tell the history and culture of Monaco to visitors through projections that reflect on the mirrors.

“I had the idea of a kaleidoscope because it's so fascinating,” Mr Mueller said.

“We tried it out with a little model and we had 1,000 reflections. We thought it would make the 360 degrees motto of the pavilion really come to life.”

Emirates Airline pavilion at Expo 2020 Dubai - in pictures

  • The Emirates pavilion at Expo 2020 Dubai has opened for bookings. All photos: Emirates
    The Emirates pavilion at Expo 2020 Dubai has opened for bookings. All photos: Emirates
  • The 'airport of the future' installation at the Emirates Pavilion
    The 'airport of the future' installation at the Emirates Pavilion
  • The pavilion's structure was inspired by the shape of aircraft wings
    The pavilion's structure was inspired by the shape of aircraft wings
  • A future towards cleaner skies and more sustainable flying form a major part of the pavilion's showcase
    A future towards cleaner skies and more sustainable flying form a major part of the pavilion's showcase
  • Visitors can learn all about an aircraft's thrust and propulsion via a series of animations
    Visitors can learn all about an aircraft's thrust and propulsion via a series of animations
  • Emirates has designed its pavilion to offer people a glimpse into the future of commercial aviation
    Emirates has designed its pavilion to offer people a glimpse into the future of commercial aviation
  • Cabin crew will be stationed at the pavilion to show around the exhibits
    Cabin crew will be stationed at the pavilion to show around the exhibits
  • Visitors will get the chance to design their own aircraft and simulate flights
    Visitors will get the chance to design their own aircraft and simulate flights
  • Robotic arms at work at the Future Lab in the Emirates Pavilion
    Robotic arms at work at the Future Lab in the Emirates Pavilion
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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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