The first close-up image of Mars captured by the Arab-made Hope probe. Sheikh Mohammed bin Rashid / Twitter
The first close-up image of Mars captured by the Arab-made Hope probe. Sheikh Mohammed bin Rashid / Twitter
The first close-up image of Mars captured by the Arab-made Hope probe. Sheikh Mohammed bin Rashid / Twitter
The first close-up image of Mars captured by the Arab-made Hope probe. Sheikh Mohammed bin Rashid / Twitter

Simulation of UAE’s Mars 2117 city to be built in the metaverse


Sarwat Nasir
  • English
  • Arabic

A simulation of the UAE’s planned settlement on Mars is to be built in the metaverse.

The Mohammed bin Rashid Space Centre is helping Bedu, a Web3 technologies company in Dubai, design the simulation.

The UAE aims to build a settlement on the Red Planet by 2117, but the primary goal of the project is to help create jobs in the country and inspire more youth into science, technology, engineering and maths careers.

The space centre will share data and information on space and Mars to help create the simulation.

“As we set our sights on ever more challenging destinations for exploration with humans and robots, innovative ideas and future thinking will be critical to helping us reach new milestones,” said Adnan Al Rais, manager of the Mars 2117 programme.

“Concepts like this will be supported by Mbrsc as we believe this will help us expand our scope of bigger possibilities.”

The space centre is also building the Mars Science City, a research facility in Dubai.

The Dh500 million project will enable research on the Red Planet and help carry out analogue mission — field tests that replicate deep-space travel.

  • Mars Science City would have pressurised biodomes in which ecosystems could be sustained. Dubai Media Office
    Mars Science City would have pressurised biodomes in which ecosystems could be sustained. Dubai Media Office
  • The city will be located at the Dubai Academic City and is scheduled for completion in 2024. Courtesy: Dubai Media Office
    The city will be located at the Dubai Academic City and is scheduled for completion in 2024. Courtesy: Dubai Media Office
  • Construction of the project is expected to begin next year. Courtesy: Dubai Media Office
    Construction of the project is expected to begin next year. Courtesy: Dubai Media Office
  • Adnan Al Rais is the Mars 2117 programme manager at the Mohammed bin Rashid Space Centre. Mbrsc
    Adnan Al Rais is the Mars 2117 programme manager at the Mohammed bin Rashid Space Centre. Mbrsc
  • The first image of Mars taken by the UAE's Hope probe, which arrived to the planet on February 9. EPA
    The first image of Mars taken by the UAE's Hope probe, which arrived to the planet on February 9. EPA

Amin Al Zarouni, chief executive of Bedu, said that the UAE was leading the way in space.

“We are excited to partner with Mbrsc and are honoured to capture this spellbinding adventure to the stars using the power of the latest and greatest technologies here on Earth,” he said.

“With 2117 we aspire to deliver a fully experience driven metaverse that focuses on creating endless opportunities for both, individuals and organisations.”

The space centre is a supporter of international efforts to send astronauts to the Moon and then onwards to Mars.

It is already taking part in analogue missions to help scientists with research, including the psychological and physiological effects on humans of long-duration flights.

Saleh Al Ameri, an Emirati mechanical engineer, was the first Arab analogue astronaut.

He spent eight months inside a Russian analogue facility with five other crew.

The experiments were part of a five-year research programme by Russia’s Institute of Biomedical Problems and Nasa’s Human Research Programme.

Analogue facilities in the UAE would give Emirati volunteers easier access to training in such environments.

A timeline for the completion of the Mars 2117 simulation in the metaverse was not revealed.

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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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Updated: September 21, 2022, 3:30 AM