If you think engineering is a man's job ? think again


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ABU DHABI // A major conference opening today in the capital shows women are starting to make a big impact in the traditionally male domains of science and engineering. More than 200 industry delegates, including academics and professionals from around the world, many of them from the Mena region, will attend the conference on Women in Science and Engineering.

The UAE is on course to have 40 per cent of its science and engineering jobs filled by women, a bigger proportion than the US, according to the Petroleum Institute's (PI) provost, Dr Michael Ohadi. Dr Ohadi, who was educated in the US, said the UAE's figure stands at about 25 per, compared to between 15 and 20 per cent in the US. By 2015, he hopes to see the total reach 40 per cent as institute expands its student body to 1,600. It already scouts for talented female pupils in high schools.

"Females are faring better than boys in papers and exams. They are more engaged with the course while the boys are more interested in the extra curricular activities such as sports." He said science and engineering were coming much closer together. "Engineering is now more about planning and diagnosis instead of standing with a wrench in your hand," said Dr Ohadi. The two-day conference at the Yas Island Rotana - organised in collaboration with Masdar, the US State Department and the University of Michigan-Dearborn's College of Engineering and Computer Science - will feature some of the UAE's female pioneers in the field.

Dr Amal al Ghaferi, from the Masdar Institute, is one of those pioneers and the institute's first female Emirati faculty member. An expert in nanotechnology, she said the conference would help break down stereotypes about UAE women. "People will come here and change their perspectives," she said. "Maybe the stereotypes about Muslim women in the Western world is that we just sit at home and don't do anything independently. I want to show people I'm not wearing my scarf for nothing. I have my own mind and ideas."

She said the conference was about the contribution women can make to engineering. Women are most commonly found in the chemical engineering, electrical engineering and geosciences fields, and interest is growing in mechanical engineering, according to the provost. Oil and gas is the "bread and butter of the UAE", said Dr Nadia al Hasani, head of the women's campus at the PI. The first group of 106 Emirati students, known as "the pioneers", joined the campus in 2006. They will graduate next spring.

"We are trying to suggest to these girls that oil and gas is a national resource and, as such, it should be in their hands. They are the leaders of tomorrow so they must be trained for positions to be able to lead the industry," said Dr al Hasani. Research is now a much higher priority for the students and their bachelor's degree is only a "means to an end, rather than an end in itself", Dr al Hasani added.

Dr Ohadi suggested that women will thrive in the emerging field of polymer engineering, which mainly uses lighter materials such as plastics to produce clothing, aircraft and cars. "Ladies seem to find this more interesting and they don't need to be right out in the field. You can be giving diagnoses in an office, looking at the properties or treatment of the polymers," he said. Nano and micro technology will also be dominated by women in the oil industry in the coming years, added Dr Ohadi.

Adnoc, the institute's partner, where students all work for one year after graduation, is in the process of making the working environment more female friendly, he said. "Family life and having children in the UAE is still expected. Women feel OK working for the first three or four years but after, they may need a job requiring less travel, being closer to the family and so on. However, if the female wants to work in the field, there is nothing prohibiting that."

At the Higher Colleges of Technology, female enrolment for engineering programmes went up by 124 per cent between 2006 and 2010. The Associate Dean of Engineering at Abu Dhabi Men's College, Shakib Farhat, said: "There is also a growing awareness towards engineering ... and the courses are becoming much more appealing to women, such as electronics, biomedical engineering." @Email:mswan@thenational.ae

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.”