The oil treatment of the stock takes about five weeks. Viggo Olsson demonstrates the procedure in Fjälkinge in Sweden.
The oil treatment of the stock takes about five weeks. Viggo Olsson demonstrates the procedure in Fjälkinge in Sweden.
The oil treatment of the stock takes about five weeks. Viggo Olsson demonstrates the procedure in Fjälkinge in Sweden.
The oil treatment of the stock takes about five weeks. Viggo Olsson demonstrates the procedure in Fjälkinge in Sweden.

Rifle worth more than Dh1 million on sale at Adihex


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A large pile of wooden boxes, each clearly labelled "Abu Dhabi", stands outside a family-run workshop in a small town in southern Sweden.

Inside the building is a room filled with precise tools, machines, pieces of walnut wood and engineers working with intense concentration.

When their work is complete, after several months, they will have produced something as expensive as it is beautiful and rare.

This is the home of VO Gun & Rifle Maker Sweden, of Fjälkinge, a company founded in 1977 as a conventional maker of rifles of any calibre. Today, it is recognised as one of the finest manufacturers in the world.

And the UAE ranks among its most important markets.

VO made a name for itself in the Emirates when it attended, for the first time, the Abu Dhabi Hunting and Equestrian Exhibition (Adihex) in 2005. This year's exhibition begins tomorrow.

Jonas Althén, the company's marketing director, said: "Adihex became a stepping stone for our launch in the UAE and the entire Gulf region. It has provided us with valuable contacts and it was also the start of the rest of our international exports."

During the annual showcase, the company launched the VO Big Five Edition rifle, one of which sold for €215,000 (Dh1.07 million). But it has taken decades to develop such a reputation.

Viggo Olsson, the master gunsmith who founded the company, said: "My interest in weapons goes back to my dad, who was a weapon technician.

"In those days, we did not have a television. Instead, I learnt to disassemble and reassemble dad's guns and rifles."

Mr Olsson's first handmade rifle was a standard hunting weapon. But the craftsmanship became more refined. About 1990, he sold his first engraved rifles.

Mr Olsson's son, Ulf, joined the company in 1992, after which VO began to concentrate on craftsmanship.

During the late 1990s, the company made a hunting rifle for the Swedish Prince Carl Philip, and VO was awarded a royal warrant.

After Adihex 2005, the company was eager to produce an even more impressive collection for 2006.

As a show of gratitude to the UAE, the company decided to launch the VO Royal Collection United Arab Emirates Edition. The first weapon in the series honours the founder of the UAE, Sheikh Zayed.

Mr Olsson said: "It caused great interest. Visitors drove for hours just to kiss the rifle.

"At that moment, we began to understand what we had done."

The company returned for Adihex 2006 with the Royal Collection, selling three rifles for €415,000 each.

Then, in 2009, the company set a record for the most expensive hunting rifle, inspired by the Sheikh Zayed Grand Mosque. A visit to the mosque led gunmakers to incorporate details in its engravings on the rifle, which sold for €650,000.

"The leaders and the people of the UAE appreciate real craftsmanship," Mr Olsson said.

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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