Fans cheer during a Guns and Roses concert at Yas Marina. Misting machines and a cooling dome will be set up for Madonna's concerts.
Fans cheer during a Guns and Roses concert at Yas Marina. Misting machines and a cooling dome will be set up for Madonna's concerts.

Madonna concerts to be chilled, say organisers



ABU DHABI // Organisers of the Madonna concerts in Abu Dhabi have reassured fans that they have taken special measures to help the crowds cope with the heat.

The events company Flash Entertainment will set up a cooling dome and misting machines at the concert venue to beat the heat of the summer, when temperatures average in the mid-40s.

The two concerts, on June 3 and 4 at Yas Island's du Arena, will have more security, ushers and first-aid staff to deal with problems relating to the high temperatures and humidity.

"The wellbeing of the public is paramount," said Lee Charteris, who runs operations at Flash. "There's no point doing anything if people don't have a good time."

Water bottles will also be sold as a two-for-one deal for Dh10, with extra water stations scattered throughout the venue. Food and beverage options have been extended to include iced lollies and other cool items.

"It's going to be warm so people should be drinking lots of water," Mr Charteris said.

He said customers had been surveyed to see how the concert experience could be improved.

Flash is expecting a total of 50,000 people for the two concerts, which Mr Charteris said Flash had catered for before.

"But obviously, because of the increased temperatures, we're taking all the precautions to make this as enjoyable as possible," he said.

Since March, the du Arena has undergone various structural changes, including an increase from one to four entrances, depending on ticket category, to "alleviate the pressure" and eliminate queues.

There will also be grassy areas to replace the gravel, and a central public plaza with shops and entertainment.

Jason Anthony, 23, from India, said he was going to the concert alone because he "loves Madonna" and he was not worried about the weather.

"I was born and brought up here, so I'm used to the heat. It's only one day so people will just have to manage it," Jason said.

He said people would be "so carried away with the concert" they would not be worried by the temperatures.

Greg Dufton, a managing partner at Think which organised the Sandance festivals at Dubai's Atlantis, The Palm, said: "People who are from the region know what it's like in June, so if they have bought a ticket thinking any different then they only have themselves to blame."

His business partner, Tim Derry, said temperatures at the last Sandance event this month passed 40°C during the day, with no cooling breeze.

Not only do the artists need to stay cool onstage to deliver their show, but the instruments are also important, Mr Derry said.

"International artists tend to feel the heat more than those who live here," he said, adding that drums and guitars can go out of tune and keyboards can melt.

"After the sound checks we use the foil blankets that marathon runners use at the end races to cover the equipment and reflect the sunlight before the performance."

Mira Sadek from Flash said there would be air-conditioning units and fans pointed at Madonna and her dancers.

The rest of the stage, including lighting and sound equipment and 120 technicians, will be flown to each destination in three Boeing 747s on Madonna's MDNA 2012 World Tour.

This will be the queen of pop's first performance in the Middle East.

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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.”