The Corporate Games hopes to attract 3,000 competitors from 150 companies and organisations. Jeff Topping / The National
The Corporate Games hopes to attract 3,000 competitors from 150 companies and organisations. Jeff Topping / The National

Let Corporate Games begin in Abu Dhabi



With thousands of competitors, a variety of sports, an opening celebration and a destination village, it is a bit like this year's Olympic Games in London.

Except some of the "athletes" will be a bit out of shape, they will represent companies, not countries - and the weather will be much more predictable.

Abu Dhabi's inaugural Corporate Games, which will be held over three days this November, will feature 16 sports - badminton, basketball, beach soccer, beach volleyball, cricket, dragon boating, golf, karting, netball, running, football, shooting, table tennis, tennis, tenpin bowling and touch rugby.

"Corporate games have been staged around the world for the last 25 years, but this is the very first in Abu Dhabi," says Julie McCombe, marketing and sales manager of the event. "It is very well recognised as being an up and coming city in terms of sports," she adds. "We have acknowledged the number of sport events being held here and we were very excited to bring a corporate event, because there was nothing really like that on the market here."

The Corporate Games, for which Sheikh Nahyan bin Mubarak, the Minister for Higher Education, has been named official patron, is hoping to attract 3,000 competitors from 150 companies and organisations.

It costs Dh495 for each employee entered. Organisers are offering an early-bird discount to encourage companies to sign up soon. If they enter before March 31, they will receive two free places for every 15 participants they enter.

Companies can enter any of the 16 sporting events as a team or an individual. There are no restrictions on age, gender and ability; the oldest athlete to take part in the games so far was 89.

"We always ask when entering people their level [of expertise] because when we do the scheduling we try to make sure they are well balanced, so everyone has fun," says Fanny Marcout, the Corporate Games' chief executive.

However, athletes will need to pick their best sport, as individuals will only be able to enter one contest - to prevent scheduling complications. There will be different divisions depending on the size of the company, ranging from one to five employees up to more than 200. Participating companies will gain points for the teams they have, and will be presented with awards in each division, says Ms Marcout.

The Corporate Games has made some minor tweaks for the Abu Dhabi event by introducing a ladies-only sport, which has yet to be confirmed, as well as a shooting event. This was done to encourage local women to take part.

"Shooting was not part of the list of sports that we have in the other games. But following the discussion we had with the Abu Dhabi Sports Council, they were telling us if you want to involve the local community you should at least involve shooting because it's very popular here," says Ms Marcout.

Organisers have already received good feedback, thus far, with government entities and companies such as Etihad and Etisalat showing an interest in participating.

But what benefits does this kind of event offer businesses?

"The obvious one is team building," says Ms Marcout. Yet it also offers an opportunity to encourage employees to remain active to fight against diseases such as diabetes, she adds.

Also, businesses will be offered the chance to network and meet potential new clients in a relaxed environment where they can be more open. "It's done in such a natural fashion when you're not in suits in stuffy conference rooms or reception areas of hotels," says Ehssan Abdallah, a senior practice consultant at Gallup Consulting Middle East and Africa.

"It is done in the outdoors, indoors, in a very [relaxed] environment whereby people are just hanging around," he adds.

Where can I submit a sample?

Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.

Collection centres in Abu Dhabi include:

  • Abu Dhabi National Exhibition Centre (ADNEC)
  • Biogenix Labs in Masdar City
  • Al Towayya in Al Ain
  • NMC Royal Hospital in Khalifa City
  • Bareen International Hospital
  • NMC Specialty Hospital, Al Ain
  • NMC Royal Medical Centre - Abu Dhabi
  • NMC Royal Women’s Hospital.
The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

SHOW COURTS ORDER OF PLAY

Centre Court (4pm UAE/12pm GMT)
Victoria Azarenka (BLR) v Heather Watson (GBR)
Rafael Nadal (ESP x4) v Karen Khachanov (RUS x30)
Andy Murray (GBR x1) v Fabio Fognini (ITA x28)

Court 1 (4pm UAE)
Steve Johnson (USA x26) v Marin Cilic (CRO x7)
Johanna Konta (GBR x6) v Maria Sakkari (GRE)
Naomi Osaka (JPN) v Venus Williams (USA x10)

Court 2 (2.30pm UAE)
Aljaz Bedene (GBR) v Gilles Muller (LUX x16)
Peng Shuai (CHN) v Simona Halep (ROM x2)
Jelena Ostapenko (LAT x13) v Camila Giorgi (ITA)
Jo-Wilfried Tsonga (FRA x12) v Sam Querrey (USA x24)

Court 3 (2.30pm UAE)
Kei Nishikori (JPN x9) v Roberto Bautista Agut (ESP x18)
Carina Witthoeft (GER) v Elina Svitolina (UKR x4)

Court 12 (2.30pm UAE)
Dominika Cibulkova (SVK x8) v Ana Konjuh (CRO x27)
Kevin Anderson (RSA) v Ruben Bemelmans (BEL)

Court 18 (2.30pm UAE)
Caroline Garcia (FRA x21) v Madison Brengle (USA)
Benoit Paire (FRA) v Jerzy Janowicz (POL)

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.”