A greater proportion of visitors to Abu Dhabi are now coming to see the emirate's attractions, as opposed to meeting for business. Mona Al Marzooqi / The National
A greater proportion of visitors to Abu Dhabi are now coming to see the emirate's attractions, as opposed to meeting for business. Mona Al Marzooqi / The National

Abu Dhabi switching from business to leisure, survey shows



ABU DHABI // The emirate is experiencing a boom in leisure tourists, who last year comprised 71 per cent of visitors, up from 40 per cent in 2011.

Abu Dhabi’s Destination Visitor Survey has shown a significant swing away from business tourism, which last year accounted for only 12 per cent of guests. In 2011, that figure was 60 per cent.

“The perception of Abu Dhabi as a business destination has shifted significantly in the past two years,” said Sultan Al Dhaheri, acting executive director of the leisure sector at Abu Dhabi Tourism and Culture Authority.

Reasons included “the opening of major attractions such as Ferrari World and Yas Waterworld, the emergence of an increasing number of private-sector small business experience products, an improved retail proposition and provision of accessible beaches on Saadiyat and Yas islands”, Mr Al Dhaheri said.

The survey showed that 47 per cent of visitors last year came after booking holidays and 20 per cent were visiting friends and family.

Mr Al Dhaheri said the survey showed Abu Dhabi was maturing as a destination.

The authority has brought hotels and attractions together for a better tourist experience, with events such as the recent HSBC Golf Championship, Al Ain Air Show and Volvo Ocean Race contributing.

“We will continue to emphasise that there is much more to see and do in Abu Dhabi, which is a luxurious yet highly affordable destination,” he said.

Some of the capital’s hotels have found attracting leisure travellers a challenge but are linking up with nearby attractions to fill rooms on quiet weekends.

The Park Rotana in the twofour54 media zone is busy during the week with large numbers of business travellers, but occupancy falls off at the weekend.

Francisco Giles, the hotel’s general manager, said its proximity to Abu Dhabi Exhibition Centre and Al Bateen Executive Airport made it a convenient place for business travellers, but “corporate guests stay with us during working days and leave for the weekend”.

Packages are being designed to entice visitors from around the UAE, especially Al Ain and Dubai, both of which are within easy reach.

Mr Giles said such packages would be vital for bringing in new business.

“Our weekend escape package offers free shuttle buses to the Sheikh Zayed Grand Mosque, Al Bateen Beach and Abu Dhabi shopping malls,” to try to attract families and sightseers, he said.

Packages have special room rates for children and nannies, and distractions such as clowns and face painters are laid on for children at Friday brunches so adults have time to relax.

“Our guests who visit Abu Dhabi from other emirates would like to visit the city landmarks such as Sheikh Zayed Grand Mosque, Ferrari World and other well-known places,” Mr Giles said.

“We want to promote Abu Dhabi as the perfect weekend choice.”

For more active guests, a package has been devised offering free activities such as go-karts, paint ball, water sports, riding lessons and archery.

Social media will also play a big role in helping to attract new business.

“Many of our guests and partners follow us on social media or sign up for the newsletter online,” Mr Giles said. “Recently, we introduced Instagram, where we share the hotel’s news.”

Shaun Parsons, general manager at Le Royal Meridien Abu Dhabi, also a business-focused hotel, has agreements with local leisure attractions to offer more variety.

He said the initiative had shown results.

“Efforts are in place to attract more tourists to the hotel as well,” said Mr Parsons. “Partnerships are in place for the benefits of our guests.”

He said the leisure packages seemed to be mainly attracting travellers from other emirates.

mswan@thenational.ae

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Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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Opening weekend Premier League fixtures

Weekend of August 10-13

Arsenal v Manchester City

Bournemouth v Cardiff City

Fulham v Crystal Palace

Huddersfield Town v Chelsea

Liverpool v West Ham United

Manchester United v Leicester City

Newcastle United v Tottenham Hotspur

Southampton v Burnley

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Match info:

Manchester City 2
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Newcastle United 1
Yedlin (30')

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Our Time Has Come
Alyssa Ayres, Oxford University Press

Mountain Classification Tour de France after Stage 8 on Saturday: 

  • 1. Lilian Calmejane (France / Direct Energie) 11
  • 2. Fabio Aru (Italy / Astana) 10
  • 3. Daniel Martin (Ireland / Quick-Step) 8
  • 4. Robert Gesink (Netherlands / LottoNL) 8
  • 5. Warren Barguil (France / Sunweb) 7
  • 6. Chris Froome (Britain / Team Sky) 6
  • 7. Guillaume Martin (France / Wanty) 6
  • 8. Jan Bakelants (Belgium / AG2R) 5
  • 9. Serge Pauwels (Belgium / Dimension Data) 5
  • 10. Richie Porte (Australia / BMC Racing) 4
RESULT

Shabab Al Ahli Dubai 0 Al Ain 6
Al Ain: Caio (5', 73'), El Shahat (10'), Berg (65'), Khalil (83'), Al Ahbabi (90' 2)

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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.”

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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Engine: 6.2-litre V8

Power: 502hp at 7,600rpm

Torque: 637Nm at 5,150rpm

Transmission: 8-speed dual-clutch auto

Price: from Dh317,671

On sale: now

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  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
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  • Production engineer: Dh30,000 to Dh40,000 
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  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
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  • 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
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SPECS

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Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

COMPANY%20PROFILE
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Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
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2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
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Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Red Bull Salzburg (AUT) v Bayern Munich (GER) 

Sporting Lisbon (POR) v Manchester City (ENG) 

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Villarreal (ESP) v Juventus (ITA) 

Inter Milan (ITA) v Liverpool (ENG) 

Paris Saint-Germain v Real Madrid (ESP)  

SPECS

Mini John Cooper Works Clubman and Mini John Cooper Works Countryman

Engine: two-litre 4-cylinder turbo

Transmission: nine-speed automatic

Power: 306hp

Torque: 450Nm

Price: JCW Clubman, Dh220,500; JCW Countryman, Dh225,500

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 

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