Jagath Gunawardena is the senior manager of projects and building development at the Dubai Chamber of Commerce. With his fine tuning, the building is now one of the greenest  in the region. Lee Hoagland / The National
Jagath Gunawardena is the senior manager of projects and building development at the Dubai Chamber of Commerce. With his fine tuning, the building is now one of the greenest in the region. Lee HoaglaShow more

Portrait of a nation: The man who turned Dubai Chamber of Commerce green



dubai // “You must think I am mad,” says Jagath Gunawardena as he looks away from a slide with calculations about the number of people that can fit in the lift of his office building.

Some people may indeed once have thought so, but few now doubt the benefits of Mr Gunawardena’s off-the-cuff ideas.

His calculations – concluding that, despite the manufacturers’ advice, 17 people could not fit comfortably inside – led to a fine-tuning of the lifts system that reduced the amount of energy it used by 20 per cent.

It was one example of efficiency measures introduced in the main building of the Dubai Chamber of Commerce in Deira, with the help of Mr Gunawardena, the chamber’s senior manager for projects and building development.

With cumulative savings of Dh7.7 million on energy and Dh1.5 million on water between 1998 and last year, the building is widely regarded as one of the first examples of sustainability in Dubai.

It is also a testament to how big savings and environmental benefits can accrue if a building’s energy and water consumption is monitored and managed effectively.

“To make a building green, it does not cost you anything, it is a matter of managing it,” says the Sri Lankan engineer who arrived in Dubai in 1983 at the age of 28.

To illustrate his point, he shows a night-time photo of the skyline along Dubai Creek.

“Do you see anything strange?” he asks, motioning to the photo that shows the Chamber of Commerce plunged in darkness in contrast to its brightly-lit neighbours.

“This is the easiest sustainability, it does not cost you anything,” he says, explaining that air-conditioning is also switched off at 10pm after the last occupants leave the building.

Mr Gunawardena has been keeping track of energy and water bills since 1995 when the building was first occupied. One priority area was air-conditioning, which accounts for most of the energy used in any building in the region. Air is cooled to 24°C. On days when the outside temperature is 18°C and below, fresh air from outside is brought inside the building without additional cooling.

While cooling stops at night, some critical areas such as server rooms require a constant temperature. These areas are cooled by a separate, much smaller air-conditioning system. Mr Gunawardena is also using a small fountain outside the building as a cooling tower for the chillers of the smaller system.

He has also employed an interesting solution to provide the water for the fountain. In 2004, a Dh5,000 system was installed to collect the condensation from the large air-conditioning system. The solution paid for itself in two months.

Indeed, many of the measures in the building required no additional investments outside Mr Gunawardena’s annual budget to run and maintain it. He used financial savings achieved through efficiency to finance the improvements.

Overall, from 1998 to 2008, the measures reduced the building's electricity consumption by 47 per cent and water consumption by 77 per cent. Thank to these achievements, in 2009 the building received a certification under the Leadership in Energy and Environmental Design, the international benchmark scheme for green buildings.

Mr Gunawardena says the success of the earlier measures gave him leverage to press for further changes. Such was the effect that when he presented to management the building’s water bill – less than Dh3,000 – he was asked whether one zero had been accidentally missed. Until 2008, water bills averaged Dh19,000.

In August last year, the building became the only one in the region to receive LEED platinum status.

Mr Gunawardena’s explanation of his passion for the energy and water savings also comes in figures. In April this year, for the first time in millennia, levels of heat-warming carbon dioxide were over 400 parts per million over a full month.

“During my eight-grade science class, I still remember, it was 330ppm,” he said, and the trend must stop if catastrophic changes to the climate are to be averted. “After 450ppm to 500ppm, we are doomed, we have no reverse,” he said.

vtodorova@thenational.ae

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

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.”

LIVING IN...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.