ABU DHABI // It was so much harder than they expected, but national pride kept a pair of Emirati climbers going until they reached the peak of Mount Kilimanjaro.
Carrying small UAE flags on their backpacks Ahmed Al Suwaidi, 35, and his friend Ayman Kamal, 27, both from Abu Dhabi, were determined to climb Africa’s tallest peak, at 5,895m above sea level.
“If we give up now they will say the UAE guys backed out,” they kept telling each other in their toughest moments.
“I met a few people who did it before but no one can explain how hard it really is,” said Mr Kamal, who works as an Emiratisation officer for Mubadala, a strategic investment company owned by Abu Dhabi.
At one point he slipped and was saved when their guide jumped after him to stop him sliding further.
“You reach a point where you have migraine, nausea, shortness of breath; all of that put together makes each step more painful than the first,” Mr Kamal said.
“You need something to push you, which is more mental than physical. I would reach a point where I was physically exhausted and I had to dig deep for what drives me to get there.”
They decided to climb Kilimanjaro in Tanzania along its longest and most challenging route to tell the world about the UAE and its accomplishments.
On the seven-day hike to the summit they had five stops at very uncomfortable base camps, where they shared a small tent and slept on rock-hard floors.
Mr Al Suwaidi, a director of human resources and administration at Tabreed, recalled his most challenging moment when he almost gave up.
“On the fourth day we reached Barranco Wall. It is a very narrow and steep edge, you have to hug it and stick your face and nose to it to pass it.
“So I stopped and said, ‘I have five kids and a good job, so why go forward?’ Let’s stop.”
He was soon reminded of their purpose by his companion, who pushed him to keep going.
When they eventually neared the summit, it was not any easier.
They walked for seven hours to get to the last base camp in the afternoon and had an early dinner. After a few hours of sleep they started walking again at 11pm.
“It was the grandfather of all days,” said Mr Al Suwaidi. “It was pitch black. We wore a head torch to show us the route.”
They reached the peak eight hours later, but the challenge only grew harder.
“You are 5,800 metres above sea level, there is no oxygen in the air, so your heart goes at a rate above 150. You get dizzy and if you move fast you get a stroke, and if you move slow you won’t reach [the summit] alive.”
They were each dressed in three jackets and three pair of socks to cope with the minus 20°C temperature.
“You see people giving up and going down because you feel your heart will stop,” said Mr Al Suwaidi.
His body failed him just 100 metres before the top and when he sat down, he could not move.
“The guide said, ‘Ahmed, it’s OK to give up, don’t kill yourself’. I was very dizzy and started talking like an old man,” he recalls.
“I said: ‘You know, I have gone this far I will get to the peak even if I crawl and unless I faint I will not stop.”
At the summit they were both elated.
“When we reached the top we were like kids, hugging each other and jumping,” said Mr Al Suwaidi.
The trip down was not any easier, as all of the pressure is on the knees and they slipped many times.
The two were often asked about the UAE flags they were carrying.
“I used that chance to tell them about the UAE,” said Mr Al Suwaidi. “We said we are happy and want to give back something for the country and this is our simple contribution.
“You can’t be fit for it and that’s it. We saw people who trained cross-fit and failed to get all the way up so thank God we had the flags and the aim of doing it for our country.”
But they said the feeling of achievement was irreplaceable.
Mr Kamal also raised about Dh20,000 for research into Alzheimer’s disease.
Now they are talking about their next challenge – conquering Mount Everest.
hdajani@thenational.ae
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Harel Libi & Libi Construction and Infrastructure
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Coco’s Farm and Neria’s Farm
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KEY DEVELOPMENTS IN MARITIME DISPUTE
2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.
2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
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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.”