• Skypods (elevated electric vehicles) capable of travelling at 500km per hour have been unveiled at the Sharjah Research, Technology and Innovation Park. All photos by Chris Whiteoak / The National
    Skypods (elevated electric vehicles) capable of travelling at 500km per hour have been unveiled at the Sharjah Research, Technology and Innovation Park. All photos by Chris Whiteoak / The National
  • Cargo and passenger pods move along a high-tension string rail at speeds of 500km per hour.
    Cargo and passenger pods move along a high-tension string rail at speeds of 500km per hour.
  • Passenger pods come in different sizes and can accommodate up to 75 people at a time.
    Passenger pods come in different sizes and can accommodate up to 75 people at a time.
  • CEO of Unitsky String Technologies in the UAE, Oleg Zaretskiy, demonstrates how the system works at the Sharjah Research, Technology and Innovation Park.
    CEO of Unitsky String Technologies in the UAE, Oleg Zaretskiy, demonstrates how the system works at the Sharjah Research, Technology and Innovation Park.
  • Passenger pods are fitted out with luxurious leather padded seats, air conditioning and TV screens.
    Passenger pods are fitted out with luxurious leather padded seats, air conditioning and TV screens.
  • High tension string rail lines offer a safe method of high speed travel using Unitsky String Technology's patented Prestressed Track Structure (PTS).
    High tension string rail lines offer a safe method of high speed travel using Unitsky String Technology's patented Prestressed Track Structure (PTS).
  • A 400metre test track will begin carrying passengers in March 2021.
    A 400metre test track will begin carrying passengers in March 2021.
  • A UST passenger station at the Sharjah Research, Technology and Innovation Park.
    A UST passenger station at the Sharjah Research, Technology and Innovation Park.
  • The innovative transport system developed by UST is cheaper and more sustainable than conventional metro rail travel.
    The innovative transport system developed by UST is cheaper and more sustainable than conventional metro rail travel.
  • Relay points are planted 7.5 metres into the desert for the elevated electric transport system.
    Relay points are planted 7.5 metres into the desert for the elevated electric transport system.
  • Another 2km test track is due to open at the SRTI Park in May.
    Another 2km test track is due to open at the SRTI Park in May.
  • An anti-derailment system with several braking points ensures pods are safe in an emergency.
    An anti-derailment system with several braking points ensures pods are safe in an emergency.

Watch: Sharjah to open UAE’s first high-speed sky pod network


Nick Webster
  • English
  • Arabic

Sharjah has unveiled the UAE’s first high-speed electric sky pod network.

Unitsky String Technologies of Belarus is building a 2km suspended track at Sharjah Research, Technology and Innovation Park.

Designed in Belarus by Anatoli Unitsky, a scientist and member of the Russian Cosmonautics Federation, the sustainable electric elevated transportation system could be carrying its first passengers within weeks.

Unitsky String Technology could be used anywhere in the world over sea land or even in the mountains

A development site at the park already has a working 400-metre track that carries a suspended pod built to withstand the extreme Middle East climate.

This pilot project is expected to start carrying passengers in luxury pods from March this year.

Another 2km test track is due to open at the park in May. And within three years, a 130km sky track from Sharjah to Khor Fakkan port could be operational to transport freight.

The track will allow suspended pods hanging on a super-strong string rail to travel at a speed of 500kph once a full-length line is open.

Oleg Zaretskiy, UST's chief executive in the UAE, said the cost of building the network was comparable or cheaper than laying new roads and required vastly less maintenance over time.

“From a distance, it may look like a cable car - but it is light-years away,” he said.

“Ropes and rolling wheels restrict that format to low speeds because of friction and load. This Unitsky String Technology is more like a railroad, with wheels rolling on a rail," he said.

“There is steel-to-steel friction so it means it consumes much less energy than cars. It is a power-saving solution, with an electrical motor that can be operated partly by solar or wind energy.”

The project is supported by the Sharjah Government.

A test site is operational in Belarus at the Echotechnopark in Maryina Gorka.

By taking the pods aerial, land is preserved for green open spaces and development for retail and residential real estate.

The rail itself has guaranteed durability of 100 years and avoids corrosion by encasing eight pre-stressed wires inside a polymer solution to protect it from harsh environments.

An ‘urban light’ track can carry pods of up to 14 passengers at speeds of 150kph, while larger carriages transport passengers in either 48 or 75 capacity pods at 500kph.

If a track was laid between Abu Dhabi and Dubai, the travel time would be reduced to less than 20 minutes.

Cargo pods can carry up to 25 tonnes at a time, at 130kph, greatly reducing the need for heavy goods vehicles clogging up roads.

“Comparisons with a metro system are difficult, as the price of cement varies greatly around the world so construction can be very expensive,” said Mr Zaretskiy.

“The UST system is much more flexible in route alignment, so is considerably cheaper.”

The company claims its operating costs are less than half of conventional railway transport and a third of the costs of building and maintaining a road of a similar distance.

It is also considerably cheaper to build and operate than a magnetic levitation system, such as a Hyperloop or a monorail, the company claimed.

“We don't need to build roads or demolish houses like when developing other infrastructure, so we can bring this transport system very close to people’s homes.

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“In cities where land is very expensive, this is a great solution.”

Construction costs for an overpass with conventional supports is around $100 million a kilometre, but the UST system costs are $10m a kilometre, said the company.

Pods have luxurious interiors, with leather seats, air-conditioning, television screens and a panoramic view of the surroundings.

Rails can run cargo pods above and passenger capsules below a track. Industrial blowers attached to the pods ensure rails remain clear of sand and debris.

An anti-derailment system with several braking points ensures pods are safe in an emergency.

Electric emergency batteries are partially powered by renewable energy, making its carbon footprint lower than traditional transport systems.

“This technology could be used anywhere in the world, over sea, land or even in the mountains,” said Mr Zaretskiy.

“It would be ideal for somewhere like the World Islands in Dubai where guests could be transported easily from the mainland to hotels.

“This is the future of transport.”

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

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The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Brief scores:

Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
%3Cp%3EAndroid%20Alpha%3C%2Fp%3E%0A%3Cp%3EAndroid%20Beta%3C%2Fp%3E%0A%3Cp%3EAndroid%20Cupcake%3C%2Fp%3E%0A%3Cp%3EAndroid%20Donut%3C%2Fp%3E%0A%3Cp%3EAndroid%20Eclair%3C%2Fp%3E%0A%3Cp%3EAndroid%20Froyo%3C%2Fp%3E%0A%3Cp%3EAndroid%20Gingerbread%3C%2Fp%3E%0A%3Cp%3EAndroid%20Honeycomb%3C%2Fp%3E%0A%3Cp%3EAndroid%20Ice%20Cream%20Sandwich%3C%2Fp%3E%0A%3Cp%3EAndroid%20Jelly%20Bean%3C%2Fp%3E%0A%3Cp%3EAndroid%20KitKat%3C%2Fp%3E%0A%3Cp%3EAndroid%20Lollipop%3C%2Fp%3E%0A%3Cp%3EAndroid%20Marshmallow%3C%2Fp%3E%0A%3Cp%3EAndroid%20Nougat%3C%2Fp%3E%0A%3Cp%3EAndroid%20Oreo%3C%2Fp%3E%0A%3Cp%3EAndroid%20Pie%3C%2Fp%3E%0A%3Cp%3EAndroid%2010%20(Quince%20Tart*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2011%20(Red%20Velvet%20Cake*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2012%20(Snow%20Cone*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2013%20(Tiramisu*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2014%20(Upside%20Down%20Cake*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2015%20(Vanilla%20Ice%20Cream*)%3C%2Fp%3E%0A%3Cp%3E%3Cem%3E*%20internal%20codenames%3C%2Fem%3E%3C%2Fp%3E%0A
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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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.”

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

 

 

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

IF YOU GO
 
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
 
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

 Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.

AGL AWARDS

Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)

Company profile

Name:​ One Good Thing ​

Founders:​ Bridgett Lau and Micheal Cooke​

Based in:​ Dubai​​ 

Sector:​ e-commerce​

Size: 5​ employees

Stage: ​Looking for seed funding

Investors:​ ​Self-funded and seeking external investors