The Hope Consortium will store and distribute Covid-19 vaccines across the world. Courtesy: Hope Consortium
The Hope Consortium will store and distribute Covid-19 vaccines across the world. Courtesy: Hope Consortium
The Hope Consortium will store and distribute Covid-19 vaccines across the world. Courtesy: Hope Consortium
The Hope Consortium will store and distribute Covid-19 vaccines across the world. Courtesy: Hope Consortium

How the UAE will help distribute Covid-19 vaccines worldwide


Gillian Duncan
  • English
  • Arabic

The UAE is preparing  to take part in a mass effort to roll out a global vaccine programme against Covid-19.

The country's location, with one-third of the world’s population reachable within a four-hour flight, makes it an ideal centre for distribution to all corners of the Earth.

Last week, Abu Dhabi announced it opened the Hope Consortium, a storage and delivery hub, to co-ordinate the massive logistical operation involved in shipping the various vaccines under development across the globe.

And Emirates airline previously said it would partner with global pharmaceutical producer, Pfizer, to distribute its highly-effective jab.

So how is the UAE planning to distribute vaccines once they are approved for mass use? The National explains.

What is Abu Dhabi's role in the distribution of Covid-19 vaccines?

Last week, Abu Dhabi launched a global logistics centre to deliver billions of Covid-19 vaccine doses around the world by the end of next year.

The Hope Consortium will provide vaccine storage and distribution and is being run by a group of government bodies and private companies.

Among these is Abu Dhabi Ports, which will provide “enhanced logistics capabilities” for the storage and distribution of more than 70 million vaccines.

A 19,000 square metre temperature-controlled warehouse facility in Khalifa Industrial Zone, Abu Dhabi, is key to the global fight against Covid-19. Courtesy: Abu Dhabi Ports
A 19,000 square metre temperature-controlled warehouse facility in Khalifa Industrial Zone, Abu Dhabi, is key to the global fight against Covid-19. Courtesy: Abu Dhabi Ports

The authority has designated a 19,000 square metre temperature-controlled warehouse facility in Khalifa Industrial Zone Abu Dhabi, which already houses more than 1 million vials of the vaccine.

Most of the vaccines under development require very cold storage, of up to -70°C, which poses a particularly difficult logistical challenge.

The facility in Kizad can accommodate pharmaceutical products at a range of 2 to 8°C as well as the more extreme range of up to -80°C, with the capacity to monitor temperature and humidity closely.

Capt Mohamed Al Shamisi, group chief executive of Abu Dhabi Ports, said the company was well positioned to support immunisation programmes.

“Abu Dhabi continues to play a vital role within the global effort to discover a vaccine for Covid-19,” added Dr Jamal Al Kaabi, undersecretary of Department of Health Abu Dhabi, which is also involved.

“And as part of those efforts, we are providing logistical capabilities that will position the UAE as a distinguished local, regional, and global distribution hub.”

What is the Hope Consortium?

A UAE-based public-private partnership that will help co-ordinate the roll-out of the global vaccination programme against Covid-19.

It is run by the Department of Health Abu Dhabi, Etihad Cargo, Abu Dhabi Ports Company, Rafed, part of ADQ, and SkyCell.

It has already transported five million doses this month and hopes to be able to move and store more than six billion vials, rising to more than three times that by the end of next year.

Distribution of the vaccines, which are all stored in the special facility in Abu Dhabi Ports, is carried out by Etihad Cargo, the first Middle Eastern carrier to gain the International Air Transport Association's centre of excellence for independent validators certification for pharmaceutical logistics. The UAE’s national carrier will use its network to supply vaccines.

SkyCell, a Swiss company that develops temperature-controlled logistics containers for the pharmaceutical industry, will establish a regional service and manufacturing centre in Abu Dhabi to aid distribution. The containers maintain steady temperatures for an average of 202 hours (8.4 days) and self-recharge automatically in a cooling chamber or refrigerated lorry.

The Hope Consortium has the largest capacity for vaccine storage and capability regionally and is also one of the largest hubs globally.

Does Dubai also have its own vaccination hub?

Yes. Emirates airline established its own dedicated airside hub for Covid-19 vaccines which opened last month.

Located at the airline's SkyCargo facility in Dubai South, the hub will allow the carrier to fly in vaccines from manufacturing sites globally.

Sheikh Ahmed bin Saeed, chairman of Emirates, said Dubai is “well positioned” to serve as a gateway and distribution hub for Covid-19 vaccines to the rest of the world.

“We have the infrastructure and logistics connections, and a geographic location that puts markets representing more than two-thirds of the world’s population within an eight-hour flying radius,” he said.

Emirates has also partnered with the global pharmaceutical producer Pfizer to help navigate the challenges of distributing its Covid-19 vaccine, which requires ultra-cold storage.

The vaccine has been found to be more than 90 per cent effective in trials, which are ongoing.

But it needs to be kept at a temperature between -70°C and -80°C.

Emirates president Tim Clark said the airline is working with Pfizer to develop methods to transport the vaccine.

Should it be approved for widespread use, as many as 50 million doses could be available this year, with capacity for 1.3 billion more to be manufactured in 2021, according to Pfizer and BioNTech, its German pharmaceutical company trial partner.

How many vaccines are in development?

More than 150 across the world. Several are now approaching final approval, which scientists say would have been unthinkable before the onset of the pandemic.

It typically took 10 to 15 years to develop a vaccine and bring it to market. And the fastest ever developed, for mumps, took four years in the 1960s.

The World Health Organisation is co-ordinating global efforts to develop a vaccine, with an aim to deliver two billion doses before the end of next year.

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Gallery: Vaccine development around the world

  • A lab technician oversees the filling and package of vials for the large-scale production of the Oxford-AstraZeneca Covid-19 vaccine candidate at the Italian manufacturing facility of Catalent in Anagni, southeast of Rome, September 11, 2020. AFP
    A lab technician oversees the filling and package of vials for the large-scale production of the Oxford-AstraZeneca Covid-19 vaccine candidate at the Italian manufacturing facility of Catalent in Anagni, southeast of Rome, September 11, 2020. AFP
  • The Oxford vaccine could be among the first to hit the market. Vincenzo Pinzo / AFP
    The Oxford vaccine could be among the first to hit the market. Vincenzo Pinzo / AFP
  • A boy looks at Sinovac Biotech's vaccine candidate at the China International Fair for Trade in Services in Beijing. AFP
    A boy looks at Sinovac Biotech's vaccine candidate at the China International Fair for Trade in Services in Beijing. AFP
  • A technician looks at monkey kidney cells as he makes a test on an experimental vaccine for Covid-19 at Sinovac Biotech facilities in Beijing. AFP
    A technician looks at monkey kidney cells as he makes a test on an experimental vaccine for Covid-19 at Sinovac Biotech facilities in Beijing. AFP
  • A clinical research nurse prepares a Covid-19 vaccine to administer to a volunteer, at a clinic in London. AP
    A clinical research nurse prepares a Covid-19 vaccine to administer to a volunteer, at a clinic in London. AP
  • Peru's President Martin Vizcarra speaks to the press during a visit to the bio-medical department of the Cayetano Heredia National University in Lima, where studies for vaccines against coronavirus are being developed. AFP
    Peru's President Martin Vizcarra speaks to the press during a visit to the bio-medical department of the Cayetano Heredia National University in Lima, where studies for vaccines against coronavirus are being developed. AFP
  • Robyn Porteous, a vaccine trial volunteer, is injected as part of South Africa's human clinical trial at the Wits RHI Shandukani Research Centre in Johannesburg, South Africa. Reuters
    Robyn Porteous, a vaccine trial volunteer, is injected as part of South Africa's human clinical trial at the Wits RHI Shandukani Research Centre in Johannesburg, South Africa. Reuters
  • A nurse inoculates volunteer Ilya Dubrovin, 36, with Russia's new coronavirus vaccine at a clinic in Moscow. AFP
    A nurse inoculates volunteer Ilya Dubrovin, 36, with Russia's new coronavirus vaccine at a clinic in Moscow. AFP
  • Norwegian Prime Minister Erna Solberg (L) and Minister for Development Aid Dag Inge Ulstein (R) participate in a digital meeting with international leaders about a fair global distribution of Covid-19 vaccines at the the Prime Minister's office in Oslo on 10 September 2020. EPA
    Norwegian Prime Minister Erna Solberg (L) and Minister for Development Aid Dag Inge Ulstein (R) participate in a digital meeting with international leaders about a fair global distribution of Covid-19 vaccines at the the Prime Minister's office in Oslo on 10 September 2020. EPA
  • A medic works in a lab during clinical trials for a Covid-19 vaccine at Research Centres of America in Hollywood, Florida. Bloomberg
    A medic works in a lab during clinical trials for a Covid-19 vaccine at Research Centres of America in Hollywood, Florida. Bloomberg
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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.”

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Stage three:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-43

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Tom Dumoulin (NED) Jumbo-Visma, at 14s

4. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

5. Joao Almeida (POR) UAE-Team Emirates, at 22s

6. Mikkel Bjerg (DEN) UAE-Team Emirates, at 24s

General Classification:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-13-02

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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

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'I Want You Back'

Director:Jason Orley

Stars:Jenny Slate, Charlie Day

Rating:4/5

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
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Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners

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Capcom

PlayStation 4, Xbox One

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(Because Music)

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Company%20profile
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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

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