ABU DHABI // Taking baby for a walk is like negotiating a dangerous obstacle course, parents in the capital say.
They complain of roadworks with no alternative pedestrian routes, pavements that end suddenly forcing them to push prams and pushchairs on the road, and zebra crossings that are ignored by motorists.
Daisy Gardener, 31, from the UK, takes her six-month-old son Thomas for a walk in his pushchair every day, as exercise for her and a dose of fresh air for the baby.
"We live in a lovely, residential part of the city, just off Delma Street near Khaleej al Arabi, where there are wide pavements and a quiet neighbourhood that I used to very much enjoy running in before Thomas was born," said Mrs Gardener, a specialist in education for children with special needs.
But trying to navigate a baby in a pushchair or pram is a different experience.
"The pavements are not user-friendly. They end suddenly before reaching a road crossing, or there are roadworks on the pavement without a sign for how pedestrians are to manage," she said.
Obstacles such as lampposts, flowerbeds or patches of grass, common in Mrs Gardener's neighbourhood, also block the pavement and force parents with children on to the road.
"And if there aren't lights at the road crossing, you are heading for a death trap as cars appear to speed up rather than slow down," she said. "I find I need to be quite militant to get the traffic to slow down or stop for me so that I can safely cross."
Johnnie Poitiki, who has just moved to Abu Dhabi from New Zealand and is still awaiting the paperwork to obtain a driving licence and car, navigates the city with his 11-month-old son Jacob by bus.
"When we get off the bus, we have to walk along the road for a while because there are no footpaths; I never feel completely safe doing that," he said.
Mr Poitiki complained of crossings where the underpass or pedestrian bridge was not accessible to prams, pushchairs and wheelchairs, forcing him to run with his son across a wide, busy road.
"It feels like we're taking our lives in our hands and hoping for the best," he said.
Jenna Roster, 29, from the US, is so concerned that she restricts daily walks with her eight-month-old daughter Katrina to the Corniche or to one of the city's parks.
"The city is more for cars and doesn't really encourage people to incorporate walking into their daily lives," she said.
She said she hoped Abu Dhabi Municipality intended to rectify the situation and take pedestrians into consideration while planning the city.
The municipality said it had built five pedestrian bridges, including two last month alone, and lifts had been installed on three of them.
Mrs Roster said: "When I want to walk or get some fresh air with Katrina, I just head to a park or to the Corniche. It's safe and meant for pedestrians, and is the best solution."
The problem, however, is getting there. "I still have to walk to find a taxi to take us to the safer areas, so it's unavoidable."
Amira Abu Lughoud, 27, from Jordan, said that although Abu Dhabi's pavements can be an obstacle course, she has seen worse.
"I've lived in many capitals in the Middle East where sidewalks are almost non-existent, so Abu Dhabi is better than most," she said.
"The biggest problem I face is a lack of accessibility at crossings, forcing me to man-handle the stroller and practically carry it down from the sidewalk so I can push it across the street while waving at cars to stop."
The experience is too stressful for her to go walking too often, she said.
But Mrs Gardener says her daily walks will continue while the weather is pleasant.
"I am so keen on my walks with Thomas and nothing will stop me from taking them. It helps me to feel more at home in this city to be able to see my neighbourhood on foot," she said. "But every day I find myself amazed as what should be a simple walk turns into quite an adventure."
hkhalaf@thenational.ae
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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.”
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Omar Yabroudi's factfile
Born: October 20, 1989, Sharjah
Education: Bachelor of Science and Football, Liverpool John Moores University
2010: Accrington Stanley FC, internship
2010-2012: Crystal Palace, performance analyst with U-18 academy
2012-2015: Barnet FC, first-team performance analyst/head of recruitment
2015-2017: Nottingham Forest, head of recruitment
2018-present: Crystal Palace, player recruitment manager
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Name: Akeed
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Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
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