Kuwait Banking Association on Wednesday said there will be no distribution of dividends to shareholders of banks in Kuwait for 2020. AFP
Kuwait Banking Association on Wednesday said there will be no distribution of dividends to shareholders of banks in Kuwait for 2020. AFP
Kuwait Banking Association on Wednesday said there will be no distribution of dividends to shareholders of banks in Kuwait for 2020. AFP
Kuwait Banking Association on Wednesday said there will be no distribution of dividends to shareholders of banks in Kuwait for 2020. AFP

Kuwait needs to cut expatriate population to 30 per cent, says prime minister


  • English
  • Arabic

Kuwait should reduce its expat population to 30 per cent from the current 70 per cent, Prime Minister Sheikh Sabah Al Khalid Al Sabah said, amid the coronavirus pandemic and a slump in oil prices.

Foreigners account for nearly 3.4 million of Kuwait’s 4.8 million people, and that’s a “big imbalance, and we have a future challenge to redress this imbalance,” Sheikh Sabah told the top editors of local newspapers.

Despite running one of the Gulf’s smallest crisis stimulus packages, top lender National Bank of Kuwait predicts the country’s shortfall will reach 40 per cent of gross domestic product in the fiscal year that started on April 1, the most since the 1991 Gulf War and its aftermath.

In his comments, the prime minister emphasised the need for Kuwait to diversify its economy away from its 90 per cent dependence on oil.

He also said two dozen companies had been referred to public prosecutors based on information they broke laws by trading in residency permits, a practice that illegally brings overseas workers into the country and transfers them between employers.

“We are responsible for everyone who lives on this land and the residency trade has exhausted the state and the services in all institutions, especially when dealing with the current situation,” he said.

Coronavirus in Kuwait - in pictures

  • A Kuwaiti national, residing abroad, shows the tracking bracelet provided by authorities as she leaves at the Kuwait International airport in the capital upon her return as part of a repatriation plan on April 19, 2020, and ahead of being taken to mandatory home quarantine. AFP
    A Kuwaiti national, residing abroad, shows the tracking bracelet provided by authorities as she leaves at the Kuwait International airport in the capital upon her return as part of a repatriation plan on April 19, 2020, and ahead of being taken to mandatory home quarantine. AFP
  • Press photographers wearing protictive masks attend a parliament session at Kuwait's national assembly in Kuwait City on March 24, 2020. AFP
    Press photographers wearing protictive masks attend a parliament session at Kuwait's national assembly in Kuwait City on March 24, 2020. AFP
  • Kuwaiti boys wearing protective face masks and quarantine tracking bracelets, following the outbreak of the coronavirus disease (COVID-19), pose for the camera as they hold up their passports upon arrival from Amman, to Kuwait Airport in Kuwait, Kuwait April 21, 2020. REUTERS
    Kuwaiti boys wearing protective face masks and quarantine tracking bracelets, following the outbreak of the coronavirus disease (COVID-19), pose for the camera as they hold up their passports upon arrival from Amman, to Kuwait Airport in Kuwait, Kuwait April 21, 2020. REUTERS
  • Hand out photo released by KUNA on April 28, 2020, shows Kuwait's Health Minister Sheikh Basil al-Sabah (C), as he receives members of a Chinese health delegation visiting Kuwait to exchange experiences on strategies, plans, and procedures to contain COVID-19 coronavirus disease. AFP
    Hand out photo released by KUNA on April 28, 2020, shows Kuwait's Health Minister Sheikh Basil al-Sabah (C), as he receives members of a Chinese health delegation visiting Kuwait to exchange experiences on strategies, plans, and procedures to contain COVID-19 coronavirus disease. AFP
  • An airport staff member wearing Personal Protective Equipment (PPE) stands at entrance of the Kuwait International Airport, in Kuwait city, Kuwait, 25 April 2020, during the coronavirus disease (COVID-19) pandemic. Kuwait is repatriating its citizens from abroad, the country's national aviation authority announced. EPA
    An airport staff member wearing Personal Protective Equipment (PPE) stands at entrance of the Kuwait International Airport, in Kuwait city, Kuwait, 25 April 2020, during the coronavirus disease (COVID-19) pandemic. Kuwait is repatriating its citizens from abroad, the country's national aviation authority announced. EPA
  • Children continue their school curriculum online via a computer screen at their home in Kuwait City on March 23, 2020. AFP
    Children continue their school curriculum online via a computer screen at their home in Kuwait City on March 23, 2020. AFP
  • Members of Kuwait's national guard wearing safety masks keep watch outside a hotel in the capital where Kuwaitis returning from Iran are quarantined and tested for coronavirus COVID-19, on February 24, 2020. Kuwait confirmed three cases who tested positive for coronavirus, a 53-year-old Kuwaiti man, a 61-year-old Saudi citizen, and a 21-year-old stateless Arab (Bidoon), after returning from Iran's holy city of Mashhad. AFP
    Members of Kuwait's national guard wearing safety masks keep watch outside a hotel in the capital where Kuwaitis returning from Iran are quarantined and tested for coronavirus COVID-19, on February 24, 2020. Kuwait confirmed three cases who tested positive for coronavirus, a 53-year-old Kuwaiti man, a 61-year-old Saudi citizen, and a 21-year-old stateless Arab (Bidoon), after returning from Iran's holy city of Mashhad. AFP
  • Students watch an instructional video on Coronavirus infection at a school in Kuwait City on February 10, 2020. AFP
    Students watch an instructional video on Coronavirus infection at a school in Kuwait City on February 10, 2020. AFP
  • A Kuwaiti trader wearing a protective mask follows the market at the Boursa Kuwait stock exchange in Kuwait City on March 1, 2020. Boursa Kuwait decided to close the main trading hall due to the COVID-19 coronavirus disease developments. Stock markets in the oil-rich Gulf states plunged on March 1 over fears of the impact of the coronavirus, which also battered global bourses last week. All of the seven exchanges in the Gulf Cooperation Council (GCC), which were closed the previous two days for the Muslim weekend, were hit as oil prices dropped below $50 a barrel. The region's slide was led by Kuwait Boursa, where the All-Share Index fell 10 percent, triggering its closure. Kuwait's bourse was closed for most of last week for national holidays. AFP
    A Kuwaiti trader wearing a protective mask follows the market at the Boursa Kuwait stock exchange in Kuwait City on March 1, 2020. Boursa Kuwait decided to close the main trading hall due to the COVID-19 coronavirus disease developments. Stock markets in the oil-rich Gulf states plunged on March 1 over fears of the impact of the coronavirus, which also battered global bourses last week. All of the seven exchanges in the Gulf Cooperation Council (GCC), which were closed the previous two days for the Muslim weekend, were hit as oil prices dropped below $50 a barrel. The region's slide was led by Kuwait Boursa, where the All-Share Index fell 10 percent, triggering its closure. Kuwait's bourse was closed for most of last week for national holidays. AFP
  • Expatriate returning from Egypt, Syria, and Lebanon arrive to be re-tested at a Kuwaiti health ministry containment and screening zone for COVID-19 coronavirus disease in Kuwait City on March 16, 2020. AFP
    Expatriate returning from Egypt, Syria, and Lebanon arrive to be re-tested at a Kuwaiti health ministry containment and screening zone for COVID-19 coronavirus disease in Kuwait City on March 16, 2020. AFP
  • Kuwaiti health minister Sheikh Basel al-Sabah (R) speaks to the press at Sheikh Saad Airport in Kuwait City, on February 22, 2020, as Kuwaitis returning from Iran wait before being taken to a hospital to be tested for coronavirus. - Iran ordered the closure of schools, universities and cultural centres after a coronavirus outbreak that has killed five people in the Islamic republic, the most outside the Far East. AFP
    Kuwaiti health minister Sheikh Basel al-Sabah (R) speaks to the press at Sheikh Saad Airport in Kuwait City, on February 22, 2020, as Kuwaitis returning from Iran wait before being taken to a hospital to be tested for coronavirus. - Iran ordered the closure of schools, universities and cultural centres after a coronavirus outbreak that has killed five people in the Islamic republic, the most outside the Far East. AFP
  • Kuwaiti health ministry workers scan employees and visitors of the ministries complex, as they arrive to their work, in Kuwait City on March 4, 2020. AFP
    Kuwaiti health ministry workers scan employees and visitors of the ministries complex, as they arrive to their work, in Kuwait City on March 4, 2020. AFP
  • Muslim men wearing protective masks perform Friday prayers at a mosque in Kuwait City on February 28, 2020. - Kuwait's Ministry of Awqaf and Islamic Affairs set the Friday prayer sermon to not exceed 10 minutes, and to discuss precautions against COVID-19 coronavirus disease infections. Kuwait has recorded 43 coronavirus cases since its outbreak, the United Arab Emirates reported 13, while Bahrain has 33, and Oman is at four cases. Government institutions in the gulf country suspended the use of fingerprint recognition to clock in and out. AFP
    Muslim men wearing protective masks perform Friday prayers at a mosque in Kuwait City on February 28, 2020. - Kuwait's Ministry of Awqaf and Islamic Affairs set the Friday prayer sermon to not exceed 10 minutes, and to discuss precautions against COVID-19 coronavirus disease infections. Kuwait has recorded 43 coronavirus cases since its outbreak, the United Arab Emirates reported 13, while Bahrain has 33, and Oman is at four cases. Government institutions in the gulf country suspended the use of fingerprint recognition to clock in and out. AFP

Sheikh Sabah's comments follow a renewed push by members of parliament to reduce the number of overseas workers, particularly unskilled labour. They are proposing a quota system in addition to replacing expat government employees, estimated at 100,000, with Kuwaitis.

Parliamentary elections are scheduled for later this year, and anti-expat rhetoric is attractive to some voters, especially when it concerns well-paid government jobs. At the end of 2019, only 19 per cent of the Kuwaiti workforce was in the private sector.

Foreigners have accounted for the majority of Kuwait’s virus cases as the disease spread among migrant workers living in crowded labour camps.

While Kuwait eased its 24-hour lockdown on Sunday, some areas remain under isolation in a bid to stem the outbreak.

Kuwait’s Ministry of Health announced 562 new cases of Covid-19 on Thursday, bringing the number of infections in the country to 29,921.

Six new deaths brought the death toll to 236.

So far, 17,223 people have recovered from the infection.

Coronavirus around the region - in pictures

  • A closed souvenir shop in front of the treasury site in the ancient city of Petra is seen empty of tourists after the government closed all tourist facilities in the country amid concerns over the spread of the coronavirus in Jordan. Reuters
    A closed souvenir shop in front of the treasury site in the ancient city of Petra is seen empty of tourists after the government closed all tourist facilities in the country amid concerns over the spread of the coronavirus in Jordan. Reuters
  • A mask-clad worker walks near a mural depicting Dubai Ruler Sheikh Mohammed bin Rashid riding a horse as a jockey, along Al Mustaqbal Street in Dubai. AFP
    A mask-clad worker walks near a mural depicting Dubai Ruler Sheikh Mohammed bin Rashid riding a horse as a jockey, along Al Mustaqbal Street in Dubai. AFP
  • Iraqi Karate-coach Asif Mohamed (right) gives a Karate lesson to a young man it his house in Baghdad, Iraq. All training centers for Karate are closed in Baghdad. EPA
    Iraqi Karate-coach Asif Mohamed (right) gives a Karate lesson to a young man it his house in Baghdad, Iraq. All training centers for Karate are closed in Baghdad. EPA
  • The ancient city of Petra is seen empty of tourists after the government closed all tourist facilities in Jordan. Reuters
    The ancient city of Petra is seen empty of tourists after the government closed all tourist facilities in Jordan. Reuters
  • A mask-glad young anti-government protester faces members of the security forces during a demonstration in the southern Iraqi city of Basra, despite the ongoing threat of the coronavirus. AFP
    A mask-glad young anti-government protester faces members of the security forces during a demonstration in the southern Iraqi city of Basra, despite the ongoing threat of the coronavirus. AFP
  • People visit Kugulu public garden, in Ankara, Turkey days after the government lifted a series of restrictions. AP Photo
    People visit Kugulu public garden, in Ankara, Turkey days after the government lifted a series of restrictions. AP Photo
  • A demonstrator clad in sunglasses and mask looks on during a protest against Israeli plans to annex parts of the occupied West Bank, in the West Bank city of Nablus. AFP
    A demonstrator clad in sunglasses and mask looks on during a protest against Israeli plans to annex parts of the occupied West Bank, in the West Bank city of Nablus. AFP
  • Young Palestinian girls sit at the window sill in Gaza City amid the coronavirus pandemic crisis. AFP
    Young Palestinian girls sit at the window sill in Gaza City amid the coronavirus pandemic crisis. AFP
  • Young Palestinians play at the seashore in Gaza City amid the coronavirus pandemic. AFP
    Young Palestinians play at the seashore in Gaza City amid the coronavirus pandemic. AFP
  • A mask-clad Palestinian boy takes part in the noon (Dhuhr) prayers along with other worshippers, at mosque in Gaza City. AFP
    A mask-clad Palestinian boy takes part in the noon (Dhuhr) prayers along with other worshippers, at mosque in Gaza City. AFP
  • Members of the Tutunamayanlar's team (The Outcasts) and Turkish actor Dogu Demirkol prepare to record an episode, in Beykoz, in the outskirts of Istanbul. Turkey is known for its obsession with TV dramas -- which are also a massive export success -- and not even the coronavirus restrictions stopped the team on Tutunamayanlar (The Outcasts) from keeping the show going. AFP
    Members of the Tutunamayanlar's team (The Outcasts) and Turkish actor Dogu Demirkol prepare to record an episode, in Beykoz, in the outskirts of Istanbul. Turkey is known for its obsession with TV dramas -- which are also a massive export success -- and not even the coronavirus restrictions stopped the team on Tutunamayanlar (The Outcasts) from keeping the show going. AFP
  • A woman sewing colourful bedouin-styled face masks, at the city of El-Arish the capital of Egypt's North Sinai province, to be sold online to customers as part of coronavirus prevention. AFP
    A woman sewing colourful bedouin-styled face masks, at the city of El-Arish the capital of Egypt's North Sinai province, to be sold online to customers as part of coronavirus prevention. AFP
  • Colourful bedouin-styled face masks made by women members of the association, at the city of El Arish the capital of Egypt's North Sinai province, to be sold online to customers as part of coronavirus prevention. AFP
    Colourful bedouin-styled face masks made by women members of the association, at the city of El Arish the capital of Egypt's North Sinai province, to be sold online to customers as part of coronavirus prevention. AFP
  • A man who is in contact with people who have contracted the coronavirus wears a protective face mask as he receives through iron bars the free medicines provided by the ministry of health, at a medical centre in Cairo, Egypt. Reuters
    A man who is in contact with people who have contracted the coronavirus wears a protective face mask as he receives through iron bars the free medicines provided by the ministry of health, at a medical centre in Cairo, Egypt. Reuters
  • A street vendor wearing a mask sells roses in Sidon, Lebanon. Reuters
    A street vendor wearing a mask sells roses in Sidon, Lebanon. Reuters
  • A shoe polisher and his son wait for customers on Hamra Street, Beirut, Lebanon. EPA
    A shoe polisher and his son wait for customers on Hamra Street, Beirut, Lebanon. EPA
  • A Yemeni volunteer wearing a protective suit sprays disinfectant at a neighborhood amid the ongoing coronavirus pandemic in Sanaa, Yemen. EPA
    A Yemeni volunteer wearing a protective suit sprays disinfectant at a neighborhood amid the ongoing coronavirus pandemic in Sanaa, Yemen. EPA
  • An Iranian man walks in front of a pastry shop in the capital Tehran. AFP
    An Iranian man walks in front of a pastry shop in the capital Tehran. AFP
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PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

The five new places of worship

Church of South Indian Parish

St Andrew's Church Mussaffah branch

St Andrew's Church Al Ain branch

St John's Baptist Church, Ruwais

Church of the Virgin Mary and St Paul the Apostle, Ruwais

 

Turning%20waste%20into%20fuel
%3Cp%3EAverage%20amount%20of%20biofuel%20produced%20at%20DIC%20factory%20every%20month%3A%20%3Cstrong%3EApproximately%20106%2C000%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAmount%20of%20biofuel%20produced%20from%201%20litre%20of%20used%20cooking%20oil%3A%20%3Cstrong%3E920ml%20(92%25)%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3ETime%20required%20for%20one%20full%20cycle%20of%20production%20from%20used%20cooking%20oil%20to%20biofuel%3A%20%3Cstrong%3EOne%20day%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEnergy%20requirements%20for%20one%20cycle%20of%20production%20from%201%2C000%20litres%20of%20used%20cooking%20oil%3A%3Cbr%3E%3Cstrong%3E%E2%96%AA%20Electricity%20-%201.1904%20units%3Cbr%3E%E2%96%AA%20Water-%2031%20litres%3Cbr%3E%E2%96%AA%20Diesel%20%E2%80%93%2026.275%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A

'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

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.”

UAE currency: the story behind the money in your pockets
In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

THE 12 BREAKAWAY CLUBS

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Points to remember
  • Debate the issue, don't attack the person
  • Build the relationship and dialogue by seeking to find common ground
  • Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
  • Listen actively without interrupting
  • Avoid assumptions, seek understanding, ask questions
Scoreline

Man Utd 2 Pogba 27', Martial 49'

Everton 1 Sigurdsson 77'

The specs: 2018 Mercedes-AMG C63 S Cabriolet

Price, base: Dh429,090

Engine 4.0-litre twin-turbo V8

Transmission Seven-speed automatic

Power 510hp @ 5,500rpm

Torque 700Nm @ 1,750rpm

Fuel economy, combined 9.2L / 100km

Australia (15-1): Israel Folau; Dane Haylett-Petty, Reece Hodge, Kurtley Beale, Marika Koroibete; Bernard Foley, Will Genia; David Pocock, Michael Hooper (capt), Lukhan Tui; Adam Coleman, Izack Rodda; Sekope Kepu, Tatafu Polota-Nau, Tom Robertson.

Replacements: Tolu Latu, Allan Alaalatoa, Taniela Tupou, Rob Simmons, Pete Samu, Nick Phipps, Matt Toomua, Jack Maddocks.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills