Fujairah residents call for better public transport



FUJAIRAH // Residents across the emirate have complained that they face a daily struggle because of a lack of public transport.

With only one public bus service in the city, residents have to use taxi services to reach their destination – while walking remains a last resort because of the current weather conditions.

“I walk 25 to 30 minutes every day to get to my workplace,” said Rajesh Data, 32, from India.

“I wish that there was a public bus to use instead of walking under this heat.

“I don’t have a car and if I want to use a taxi I will spend my whole salary on transport,” he said.

Fujairah Transport Corporation (FTC) provides one internal public bus to Dibba that stops in Murbah, Khorfakkan and Diba Al Hisn – it departs every hour from a bus stop near the LuLu Centre.

“I once used the public bus to Dibba from a bus stop next to LuLu hypermarket in Fujairah, I had a job interview there and instead of paying Dh150 for a cab I paid only Dh20,” said Jordanian resident Jamal Khadr, 25.

“Public transport in situations like this is very useful, although I waited for almost half an hour under the burning sun with no bus waiting area or shaded place to wait under.”

The FTC, in association with the Roads and Transport Authority, provides buses to Dubai using Nol cards that depart every hour from a bus station near Fujairah Police Station, according to Abdullah Dayana, a Sudanese businessman who travels between Fujairah and Dubai. He said his trip takes two and a half hours and uses the old road.

“I don’t know why they don’t use the new road,” Mr Dayana, 54, said.

“I travel almost every day to Dubai using the public transport. It is well organised and comfortable, but arriving in Dubai after two and a hours is considered a very long journey.

“The other choice would be waiting for nearly one hour, and sometimes more, to find three passengers to share a taxi cab, which will lead to the same timing problem,” he said.

Travelling from Fujairah to Abu Dhabi is quite difficult and time consuming, according to Joseph Montarel, who is originally from the Philippines and who moved recently to Fujairah, leaving his family in Abu Dhabi.

“I recently moved to Fujairah for work,” Mr Montarel, 30, said. “My wife works in Abu Dhabi and I work here.

“To visit my family I have to spend at least five to six hours travelling using public transport while it takes only two hours by car. They do not provide any public transport directly to Abu Dhabi, therefore I take the bus to Al Ittihad station in Dubai and another bus to Abu Dhabi, it is a very long and exhausting journey. I can’t afford buying a car right now and that will prevent me from visiting my family once a week.”

Mohammed Ahmed bin Ghanim Al Kaabi, chairman of the Fujairah Transport Corporation (FTC) said: “We provide taxi cabs and public transportation from Fujairah to Dibba and vice versa besides daily bus transportation to Dubai and minivans to Sharjah upon request.

“We have 11 internal transport buses and 15 minivans operate between Dubai and Sharjah, from six in the morning until nine in the evening.

“We do increase the number of buses and extend the time [they operate] during weekends and public holidays, as needed.

“The allocation of public transport between other emirates is considered a priority because of its importance in highlighting the role of cooperation and interdependence between them,” Mr Al Kaabi said, adding that the FTC’s main goal was to establish a central bus station once a suitable site had been located and approved.

newsdesk@thenational.ae

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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

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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.”

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The Case For Trump

By Victor Davis Hanson
 

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

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5. Zakat 

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COMPANY PROFILE
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Based: Dubai, UAE
 
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Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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COMPANY PROFILE
Name: ARDH Collective
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Reading List

Practitioners of mindful eating recommend the following books to get you started:

Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung

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