It is one of the grandest engineering projects under way in the UAE, but what do we know about Etihad Rail?
Work on the 1,000-kilometre east coast line from Ghuweifat to Fujairah is well under way, with construction of track connecting Ruwais with Ghuweifat, on the Emirates’ border with Saudi Arabia, one of the latest developments.
Freight will be the main beneficiary of Etihad Rail, opening new logistic arteries for commerce in what has been hailed as one of the most important regional economic strategies in recent times.
The UAE network will eventually form part of a wider GCC rail service.
When did the project begin and who is building it?
Work on Etihad Rail began back in 2009. The plan was to build both a passenger network and freight routes but the commercial benefits of moving cargo switched initial focus towards freight.
The UAE awarded a Dh4.6 billion civil works and construction contract in a joint venture between China Railway Construction Corporation and National Projects and Construction to develop Package D of stage two of the project.
Where will trains connect to?
Gas fields at Shah and Habshan are already connected by Etihad Rail to Ruwais.
Fujairah port will also soon be linked to the network at the Dubai-Sharjah border via a 145km stretch of line.
Abu Dhabi's Khalifa Port and Mussaffah industrial zone will also be joined with Jebel Ali port in Dubai and the Port of Fujairah.
What are the benefits of Etihad Rail?
There are many. Reducing carbon emission in the UAE has been a core pledge of government policy, with a comprehensive freight train network capable of taking hundreds of gas-guzzling heavy goods vehicles off the road.
A fully loaded freight train can carry the equivalent cargo of 300 lorries, reducing carbon dioxide emission by up to 80 per cent.
Greenhouse gases will be slashed by more than 2.2 million tonnes a year once the network is fully operational.
An estimated 375,000 vehicles will be taken off the roads, reducing congestion and collisions.
The financial benefits are potentially huge, offering a Dh186 billion economic boost over the next 40 years thanks to vastly improved logistical and commercial opportunities.
The jobs market is also expected to see substantial growth with new roles specially created from Etihad Rail in the years ahead.
How easy is it to build a rail network of this size?
With track snaking through the vast empty desert landscape, construction is relatively straightforward.
But some mountainous regions require serious civil engineering works.
At least 15 tunnels will be excavated through the Hajjar Mountains, with a further 35 bridges designed for heavy cargo loads.
How many trains will use the network?
A recent announcement the national railway was to triple its fleet of wagons has been a huge boost to international trade.
A contract to manufacture and supply 842 carriages will take the total fleet to more than 1,000, an eightfold increase in Etihad Rail's transport capacity.
Petrochemicals, aggregates, construction materials, industrial waste, aluminium, perishable goods, and general domestic and international cargo will be carried.
Will passengers be able to ride on Etihad Rail?
In the future, yes. While increasing freight opportunities is the focus for now, passenger transport will become a key part of the project in the years to come.
Etihad Rail is working closely with the Federal Transport Authority and transport authorities across the Emirates to develop existing networks and hubs to improve passenger connections.
Eventually, population hubs across the country will be connected to neighbouring GCC states offering a reliable, safer, more efficient, comfortable and environmentally friendly way to travel across the region.
UAE currency: the story behind the money in your pockets
Sri Lanka v England
First Test, at Galle
England won by 211
Second Test, at Kandy
England won by 57 runs
Third Test, at Colombo
From Nov 23-27
RESULTS
Men
1 Marius Kipserem (KEN) 2:04:04
2 Abraham Kiptum (KEN) 2:04:16
3 Dejene Debela Gonfra (ETH) 2:07:06
4 Thomas Rono (KEN) 2:07:12
5 Stanley Biwott (KEN) 2:09:18
Women
1 Ababel Yeshaneh (ETH) 2:20:16
2 Eunice Chumba (BRN) 2:20:54
3 Gelete Burka (ETH) 2:24:07
4 Chaltu Tafa (ETH) 2:25:09
5 Caroline Kilel (KEN) 2:29:14
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
MATHC INFO
England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)
New Zealand 7 (Try: Savea; Con: Mo'unga)
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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If you go
The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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.”
It's up to you to go green
Nils El Accad, chief executive and owner of Organic Foods and Café, says going green is about “lifestyle and attitude” rather than a “money change”; people need to plan ahead to fill water bottles in advance and take their own bags to the supermarket, he says.
“People always want someone else to do the work; it doesn’t work like that,” he adds. “The first step: you have to consciously make that decision and change.”
When he gets a takeaway, says Mr El Accad, he takes his own glass jars instead of accepting disposable aluminium containers, paper napkins and plastic tubs, cutlery and bags from restaurants.
He also plants his own crops and herbs at home and at the Sheikh Zayed store, from basil and rosemary to beans, squashes and papayas. “If you’re going to water anything, better it be tomatoes and cucumbers, something edible, than grass,” he says.
“All this throwaway plastic - cups, bottles, forks - has to go first,” says Mr El Accad, who has banned all disposable straws, whether plastic or even paper, from the café chain.
One of the latest changes he has implemented at his stores is to offer refills of liquid laundry detergent, to save plastic. The two brands Organic Foods stocks, Organic Larder and Sonnett, are both “triple-certified - you could eat the product”.
The Organic Larder detergent will soon be delivered in 200-litre metal oil drums before being decanted into 20-litre containers in-store.
Customers can refill their bottles at least 30 times before they start to degrade, he says. Organic Larder costs Dh35.75 for one litre and Dh62 for 2.75 litres and refills will cost 15 to 20 per cent less, Mr El Accad says.
But while there are savings to be had, going green tends to come with upfront costs and extra work and planning. Are we ready to refill bottles rather than throw them away? “You have to change,” says Mr El Accad. “I can only make it available.”
Match info
Manchester City 3 (Jesus 22', 50', Sterling 69')
Everton 1 (Calvert-Lewin 65')
Brief scores:
Everton 0
Leicester City 1
Vardy 58'
THREE
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Duminy's Test career in numbers
Tests 46; Runs 2,103; Best 166; Average 32.85; 100s 6; 50s 8; Wickets 42; Best 4-47
