The UAE’s Moon rover will be launched on a date between November 9 and 15 from the Cape Canaveral spaceport in Florida.
Dr Hamad Al Marzooqi, mission manager at the Mohammed bin Rashid Space Centre, spoke exclusively to The National on Monday about the mission’s progress and the launch window.
The space centre is participating in the International Astronautical Congress — the world’s largest space conference — in Paris, taking place until September 22.
He said that the exact launch date would be announced a month before the launch window opened.
Japanese lander Hakuto-R Mission 1, built by ispace, will carry the Rashid rover to the Moon’s surface. The mission will launch on a Falcon 9 SpaceX rocket.
“We’ve finished with the testing of the rover and we are happy with the results,” Dr Al Marzooqi said.
“The rover has been integrated with the lander and it is ready for launch." The health of the rover is being monitored twice a week, Dr Al Marzooqi said.
He said that the lander, together with all of its payloads, was expected to be delivered from Germany to the launch site in mid-October.
This is the first mission under the UAE’s long-term Moon exploration programme, which will involve the development and launch of several rovers and orbiters.
The Rashid mission will last one lunar day, or 14 Earth days. It aims to study the properties of lunar soil, the petrography and geology of the Moon, dust movement as well as the lunar surface plasma condition and photoelectron sheath.
The goal is to land in the Atlas crater in the Mare Frigoris site, located in the far-north of the Moon’s near side.
Dr Al Marzooqi said that he is feeling “more relaxed now” because the testing of the rover has gone smoothly.
“We did the difficult bits. We did all that we can do for such a mission — delivering the rover to the lander and integrating it,” he said.
“When we saw the rover the last time we were really thinking ‘hopefully, we’ll see it on the lunar surface next’.”
He said that the mission was expected to arrive on the lunar surface in March.
The UAE has already announced its second Moon mission, which involves another rover.
A Chinese lander will carry the spacecraft to the surface later this decade, as part of China’s Chang’e 7 mission.
Dr Al Marzooqi said that the details of that mission would be announced soon.
International Astronautical Congress 2022 in Paris - in pictures
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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.”
