AJMAN // Abdullah bin Took will never forget the fateful day 12 years ago when he took his beloved quad bike out to the desert to try some stunts with friends. It changed his life forever.
A keen quad biker since he was seven years old, the former police officer took his safety, and that of other road users, seriously. He always rode sensibly and kept within the speed limits.
“I was accustomed to driving the bike every day and I used to always be cautious in terms of dangerous movements,” said Mr bin Took. “But on the day of the accident, I drove the bike on the two back wheels in the desert in Umm Al Quwain.
“While I was descending from a high hill, there was a deep hole at the bottom I had not seen, and I fell into the hole.”
Mr bin Took, then 22, suffered severe injuries to his chest and his spine, resulting in paralysis.
It was a huge blow when doctors said that he would never walk again but he was determined to live the rest of his life as fully as possible.
“When a doctor at UAQ Hospital told me that I wouldn’t walk again, I didn’t get depressed because of my belief in God and His will,” said the 34-year-old law student at Ajman University.
“Even two years after the accident I kept the bike because I had hoped that I would walk again, but then I sold it.”
The father of three, who got married after his accident, hopes that his story will inspire others to take motoring safety seriously.
“Don’t drive recklessly, because you have parents, friends and family who are waiting for you to come back, and your accident will hurt them more than you,” he said, adding that he would be happy for his children to ride motorbikes and quad bikes, so long as they take the utmost care at all times.
“I advise people not to use bikes that will be dangerous for them and can’t handle, especially two-wheel bikes, because these are very dangerous and lead directly to death, not injuries.
Through hard work, faith and determination, Mr bin Took has rebuilt his life. He has spent more than a decade in a wheelchair but has never allowed himself to feel like a victim or have others treat him differently.
“My kids have never felt that I am different from fathers who can walk because I always try to be with them and to do everything together,” he said. “We travel, hang out, play and go to gym. They also love to help people who are in a wheelchair.”
Mr bin Took underwent intensive physical rehabilitation at a hospital in Germany, where he learnt to dress himself, shower and drive adapted cars, giving him more independence.
Thomas Edelmann, founder of Road Safety UAE, said quad bikers had to be aware of their surroundings at all times regardless of whether they were in the desert or on the road.
Salah Saif Al Shamsi, a cousin of Mr bin Took, said his relative’s accident made him and his friends more careful when riding their bikes, and he warned youngsters against dangerous driving.
“Everyone has been affected by Abdullah’s story and taken precautions. Safety on motorcycles is zero, and when an accident happens nothing will protect the driver,” he said.
The Emirati police officer, 36, said bikers had to take care because they might lose their lives or become a heavy burden on their family and friends.
roueiti@thenational.ae
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Monster Hunter: World
Capcom
PlayStation 4, Xbox One
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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.”
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
ESSENTIALS
The flights
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.