• Art Dubai is back for its 16th year. All photos unless otherwise specified: Pawan Singh / The National
    Art Dubai is back for its 16th year. All photos unless otherwise specified: Pawan Singh / The National
  • The art fair mark its most ambitious and extensive iteration
    The art fair mark its most ambitious and extensive iteration
  • The programme features more than 130 presentations from across 40 countries
    The programme features more than 130 presentations from across 40 countries
  • Gunjan Kumar with her artwork
    Gunjan Kumar with her artwork
  • Sifr by Gunjan Kumar
    Sifr by Gunjan Kumar
  • Jason Seife with his A Modern Genesis piece
    Jason Seife with his A Modern Genesis piece
  • Refik Anadol’s Glacier Dreams uses AI to process a wealth of glacier visual materials
    Refik Anadol’s Glacier Dreams uses AI to process a wealth of glacier visual materials
  • Yoichi Ochiai with his artwork at Art Dubai
    Yoichi Ochiai with his artwork at Art Dubai
  • Refik Anadol with his Glacier Dreams
    Refik Anadol with his Glacier Dreams
  • Isshaq Ismail with his Serenity painting, left
    Isshaq Ismail with his Serenity painting, left
  • Jason Seife's work digitally explores the storytelling aspect of regional carpets, particularly the way they depict gardens
    Jason Seife's work digitally explores the storytelling aspect of regional carpets, particularly the way they depict gardens
  • There are four sections at the fair, including Contemporary, Modern, Bawwaba and Art Dubai Digital
    There are four sections at the fair, including Contemporary, Modern, Bawwaba and Art Dubai Digital
  • Yoichi Ochiai blurs the lines between the material and digital world with his work. Getty Images
    Yoichi Ochiai blurs the lines between the material and digital world with his work. Getty Images

Art Dubai and regionalism are reshaping the world of art fairs


Melissa Gronlund
  • English
  • Arabic

When art people talk about art, there is a certain code to follow. Never “building”, always “architecture”. Never “topic”, always “discourse”. Never “how much?”, always “what is the price point?”.

And for years, it was never “regionalism”. The term implied that an artist was significant only in their area, not to the wider international art world. They had local collectors, showed in galleries with patchy programmes, and invariably attracted a certain patronising tone.

I once labelled a South Asian artist “regional” to avoid calling her Pakistani or Indian, because she and her work belong to both countries. Her gallerist, a well-meaning, well-versed chap, emailed me in a panic asking me to delete it. "She is not regional!" he wrote. "She is well known!"

But regionalism is having its moment. As the art world expands beyond its traditional centres of power, the most interesting exhibitions and fairs to watch have become those that traffic in the meeting points between the local and the international. Biennials, such as that in Sharjah, have always navigated these waters.

Artwork by Jason Seife at Art Dubai 2023 at Madinat Jumeirah in Dubai. Pawan Singh / The National
Artwork by Jason Seife at Art Dubai 2023 at Madinat Jumeirah in Dubai. Pawan Singh / The National

In a fair field that was long dominated by the art world’s Coke and Pepsi — Art Basel and Frieze London and New York — smaller fairs are now displacing them on art-world itineraries. Think of it like the rise of independent coffee shops: Art Dubai, Abu Dhabi Art, Art SG in Singapore, the African art fair 1-54, Art Lagos and Frieze Seoul.

For Art Dubai, which runs until Sunday, this shift in regionalism emerges in a new context. Art Dubai began in 2007 and quickly cemented its place as a meeting point between Asia, the Middle East and Europe. It generally has a lower price point (there you go) than other fairs and was known as the place where one could see work from African, Middle Eastern and Asian galleries rather than the same rotating list of blue-chip western galleries.

It was, in the parlance of the art world, a meeting place for the “Global South” — a term that is itself on the road to being discredited. Seventeen years later, it remains so but the landscape around it has utterly changed. With the expansion in institutions and curated exhibitions, particularly in the Gulf, there are more places to show and challenge ideas around art. It can stay in the region and still be included in thought-provoking new contexts.

Works by different artists and galleries on display at Art Dubai 2023 at Madinat Jumeirah in Dubai. Pawan Singh / The National
Works by different artists and galleries on display at Art Dubai 2023 at Madinat Jumeirah in Dubai. Pawan Singh / The National

Take the sumptuous work of Fatiha Zemmouri, a Moroccan artist who is showing at Art Dubai with the Marrakech gallery Comptoir des Mines. Zemmouri moved to a farm outside Marrakech some years ago and uses the soil around her to form her artworks — graphic, painting-like works that recall the stylish waves of the late Moroccan artists Mohamed Melehi and Farid Belkahia, but rooted in the earth.

Zemmouri is not terribly well known outside the region, but features in one of its current major shows, the Islamic Arts Biennale in Jeddah. There, in a work made with the young curator Soukaina Aboulaoula, Zemmouri imagined the sound of a prayer recitation as a wave form, visualising it on the canvas in curves formed of the earth. Minutely ridged curves contrast with organic cracks, in a meditation on beauty and mortality that springs from the biennial's spiritual thesis.

Now, it’s easy to make major claims about the demise of art-world centres. Fairs, biennials, galleries and exhibitions have been operating everywhere in the world for years. But this new regionalism means there is enough of an ecosystem — another beloved art-world term — to allow for institutional shows without having to first get the nod from European and American curators. One can stay regional and grow as an artist.

What I’m saying is: no more waiting for London to pick up the phone.

Art Dubai runs until Sunday at Madinat Jumeirah

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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: March 03, 2023, 6:02 PM