The new Jumeirah Sceirah water slides at the bottom. Mike Young / The National
The new Jumeirah Sceirah water slides at the bottom. Mike Young / The National
The new Jumeirah Sceirah water slides at the bottom. Mike Young / The National
The new Jumeirah Sceirah water slides at the bottom. Mike Young / The National

Going, going, gone! Thrill-seekers try out Wild Wadi's new Jumeirah Sceirah


  • English
  • Arabic

DUBAI // Facing a new wave of competition from rival water parks in Dubai, Al Ain and, soon, Abu Dhabi, Wild Wadi yesterday unveiled its latest adrenalin rush.

Thrill seekers queued from early morning to enter the park to try out the revamped 32-metre-high, 120-metre-long Jumeirah Sceirah water slide.The slide drops riders through a trapdoor down 10 metres at a 70-degree angle. By the time they reach the end, they will have reached speeds of up to 80kph.

The Dubai schoolgirls Natalie Fay and India Edwards, among the first to try the dual slide, said the ride was “absolutely amazing”.

“It’s the best experience of my life,” said India, 14. “I’ve done loads of things in the water parks in the US, including the upside-down ones, and this was really thrilling in comparison.”

“During the countdown, you are just looking at the board before it opens, and once you drop down, it’s amazing,” said Natalie, 14. “But it’s over very quickly.”

Before the ride was redesigned, it was only a single slide– now it’s a double – and riders had to push themselves to the first drop.

According to Wild Wadi’s general manager, Chris Perry, the revamped slide is the best in the country.

Yesterday morning, he made three drops to be certain.

“It’s unbelievable,” he said. “It’s unlike anything you have done before in comparison to the other slides. I’ve ridden hundreds of water slides around the world and I believe ours is the best. When we test-rode it at another water park, it was the first time I was nervous.”

And rightly so.

Park staff said it is not unusual for people to back out right up to the last minute.

The revamped ride is the latest addition to one of the more established water parks in the UAE. The new slide will help Wild Wadi, which opened in 1999, compete with parks that have opened in recent years.

Foremost among the newcomers is Aquaventure, which opened in 2008 as part of the Dh5.5 billion Atlantis resort on the Palm Jumeirah.

Both parks have been ranked in the world’s 20 most visited water parks in a survey by Aecom, a support services company, and the Themed Entertainment Association. The survey said Wild Wadi attracted 690,000 visitors in 2010 and Aquaventure topped that with more than a million.

And about two hours inland by car, Wadi Adventure in Al Ain is attracting water sport enthusiasts with its three white-water rafting and kayaking runs. Surfers are ditching the inconsistent swells on the coast for the park’s surf pool and man-made beach with waves of up to 3.3 metres, among the highest machine-generated waves in the world.

Abu Dhabi is to get its own water park, Yas Waterworld, in December. The 43-ride theme park is nearly complete and is designed to handle 7,000 visitors a day. Its main attraction, the Liwa Loop, is to be the Middle East’s first looping water slide, dropping riders through a trapdoor and into a tunnel, then into a loop.

The country’s other major water parks are Dreamland in Umm Al Quwain and Ice Land Water Park in Ras Al Khaimah.

According to Wild Wadi’s general manager, Chris Perry, the revamped slide is the best in the country.

Yesterday morning, he made three drops to be certain.

“It’s unbelievable,” he said. “It’s unlike anything you have done before in comparison to the other slides. I’ve ridden hundreds of water slides around the world and I believe ours is the best. When we test-rode it at another water park, it was the first time I was nervous.”

And rightly so.

Park staff said it is not unusual for people to back out right up to the last minute.

The revamped ride is the latest addition to one of the more established water parks in the UAE. The new slide will help Wild Wadi, which opened in 1999, compete with parks that have opened in recent years.

Foremost among the newcomers is Aquaventure, which opened in 2008 as part of the Dh5.5 billion Atlantis resort on the Palm Jumeirah.

Both parks have been ranked in the world’s 20 most visited water parks in a survey by Aecom, a support services company, and the Themed Entertainment Association. The survey said Wild Wadi attracted 690,000 visitors in 2010 and Aquaventure topped that with more than a million.

And about two hours inland by car, Wadi Adventure in Al Ain is attracting water sport enthusiasts with its three white-water rafting and kayaking runs. Surfers are ditching the inconsistent swells on the coast for the park’s surf pool and man-made beach with waves of up to 3.3 metres, among the highest machine-generated waves in the world.

Abu Dhabi is to get its own water park, Yas Waterworld, in December. The 43-ride theme park is nearly complete and is designed to handle 7,000 visitors a day. Its main attraction, the Liwa Loop, is to be the Middle East’s first looping water slide, dropping riders through a trapdoor and into a tunnel, then into a loop.

The country’s other major water parks are Dreamland in Umm Al Quwain and Ice Land Water Park in Ras Al Khaimah.

EA Sports FC 24
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

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.”

The specs: 2018 Opel Mokka X

Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea