Braka, in the Western Region, will house the nation's first nuclear reactors.
Braka, in the Western Region, will house the nation's first nuclear reactors.
Braka, in the Western Region, will house the nation's first nuclear reactors.
Braka, in the Western Region, will house the nation's first nuclear reactors.

Safety assurance made on UAE's first nuclear plant


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DUBAI // Residents who live near the nation's first nuclear plant at Braka in Abu Dhabi's Western Region have been told they will be surrounded by a network of air-quality monitors to ensure that the plant releases only acceptable, small and safe levels of radiation.

"You will get a radiation dose from living anywhere in the world, including in Abu Dhabi - from the walls, the rocks, sand, from cosmic rays, from bananas … even potassium in your body," said John Loy, the director of radiation safety at the Federal Authority for Nuclear Regulation.

Radiation exposure is measured in millisieverts (mSv) per annum and, for the average person, radiation received from natural sources is estimated at two mSv per year.

"Any activity using radioactive sources or nuclear material will result in some radiation dose to the public. There is an internationally accepted limit to that dose," Mr Loy said, of one mSv/year.

In December 2010, the authority received a construction licence application from the Emirates Nuclear Energy Corporation (Enec), which will build and operate the plant.

The document describes "the whole reactor design and all the safety systems that are built into the design and all the assessments and evaluations that were done to demonstrate that the plant can be built and operated safely".

It has been under review by the nuclear regulation authority for more than 18 months.

As parts of the construction application, the corporation had to submit documents showing that the Braka facility will be designed to discharge levels of radioactivity significantly below the internationally accepted limit of one mSv.

Water used in the operation of the plant and then released into the sea will cause exposure of not more than 0.03 mSv per year, while the gases released by the plant will cause exposure of not more than 0.05 mSv per year.

"The plant is designed and will be constructed to these constraints," said Maha Aziz, the authority's manager of radiation safety in nuclear facilities.

Once the nuclear plant is up and running, both the operator and the authority will measure water and air quality in the vicinity of the plant.

To monitor water quality, samples will be taken directly from the water discharged from the facility at sea, as well as from seawater in the vicinity of the plant.

"When Enec reports a certain discharge sample, from time to time, we will take independent samples or we may split a sample - they measure it and we measure," said Mr Loy. "In addition we plan to have a network of air monitoring stations around the plant that will actually be measuring radioactivity in the air continuously."

The network will consist of about 30 fixed stations, as well as several mobile stations.

Generally, people may be subjected to radiation from the plant via marine life such as fish and invertebrates, from swimming or boating near discharge sites, using desalinated water, or from airborne particles settling on vegetation, food crops and people's skin.

"All of those are 'pathways' for radiation and they are well known," said Mr Loy. "That is the challenge Enec had: to show they had thought about all of those pathways and analyse them all and then demonstrate the dosage will be below these constraints."

Mr Loy said all known pathways, including those previously mentioned, would be subject to rigorous testing to ensure levels were kept below the acceptable standard.

"What we will do is look at those pathways and say, 'OK, the assumption has been that fish take up some radioactivity, so let's catch some fish and measure it'. What we hope to then find is that radiation is less than what was predicted."

* With additional reporting by Awad Mustafa

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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.”

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
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Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

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