Young people take part in Abu Dhabi Sustainability Week. Victor Besa / The National
Young people take part in Abu Dhabi Sustainability Week. Victor Besa / The National
Young people take part in Abu Dhabi Sustainability Week. Victor Besa / The National
Young people take part in Abu Dhabi Sustainability Week. Victor Besa / The National


The buzz around Abu Dhabi Sustainability Week is one people can buy into


Niall Dunne
Niall Dunne
  • English
  • Arabic

January 16, 2025

In the early days of “sustainability”, when it didn’t even have a name which everyone could agree on, our efforts to setup the sustainability practice at Accenture often resulted in frustration and confusion.

Our senior leaders wanted to know, was it “risk management”, “innovation”, “the brand”? They all universally agreed it was “great for attracting talent”, even if they couldn’t precisely define what “it” was. But I can still see their eyes roll when we’d try to explain it was all those things, and more.

While we persevered seemingly in vain in the mid-Noughties, I’d often hear of a part of the world that needed little convincing. The Zayed Sustainability Prize or the early plans for Masdar City appeared to be a fairytale and the critics also treated it as such. According to them back then, the latter could not scale and was doomed to be a modern ghost town. And the Zayed Sustainability Prize wasn’t impactful enough in the face of the serious environmental issues we face.

Having been in Abu Dhabi this week 17 and 20 years on from the birth of these initiatives to celebrate the latest innovations, investments, partnerships and winners at the now much-vaunted Sustainability Week, it was easy to notice the confidence, can-do attitude and capital all at play.

I did pop by Masdar to see if it was indeed a ghost town somewhere in the desert (as those critics predicted) but instead it is now a fully integrated suburb of Abu Dhabi and inspiring other competing initiatives in the region.

As for Sustainability Week itself, it has been a while since I have felt a buzz at a gathering like this. Often at these events the mood is set by the opening keynote from leadership. Under the heading “Nexus of Next”, UAE Minister of Industry and Advanced Technology and Masdar chairman Dr Sultan Al Jaber outlined a bold vision for clean technology powered by partnerships.

For me, the epicentre of this vision was very much found within the Youth 4 Sustainability movement. If you want hope and to believe in humanity again, Y4S is the place you’ll find it. One of the Young Leaders told me that 10 years ago young people were not involved in events like this, anywhere in the world. Now it has become normal for them to take part, but that "the next 10 years must be about us taking over"! I couldn’t agree more!

Symbolically, too, Mubadala, an Abu Dhabi sovereign wealth fund, is as of last year the top performing fund of its type globally and more diverse and better at taking calculated risk than much of its peer group.

I found myself wondering, when was the last time I had felt a vibe like this in the UK that everyone could buy into with real confidence and optimism? For me, it was the months around the London Olympic Games, epitomised through Danny Boyle’s opening ceremony providing us with a refresher in all that was and had been Great about Britain. The performances on the fields, tracks, pools, rivers, seas and trails were bettered only by the performance of the nation as a whole, happily discovering its best purpose on the global stage again.

I’m not a fan of GDP as a measure of progress or success but the social benefits of the London Games were seismic, the legacy clear in the swagger and confidence of the nation. For physical evidence, the rejuvenation of Stratford and the intangible but more powerful Spirit of the Games Makers (volunteers) that for many was the magic of that summer. The immeasurable confidence and togetherness of a nation cannot be captured by GDP, but you could feel it. If you look at the UK economy in the surrounding decade, it did not reflect the social sentiment or the legacy from the Games with the compound annual growth rate from 2010 to 2020 trickling around 1.2 per cent.

The inspiring leadership from two decades ago is translating into one of our brightest spots in the world's embrace of clean technology

Meanwhile, Abu Dhabi was seeing strong double-digit GDP performance, with one government report citing 28.5 per cent growth in non-oil GDP in the decade leading up to 2024.

It is clear this story is becoming one of the odysseys of our times and the inspiring leadership by Dr Sultan Al Jaber and others from two decades ago is translating into one of our brightest spots in the world's embrace of clean technology.

I come away from this week incredibly grateful to have been invited by my friend Omar Mir to take part in commemorating the past 20 years of action over deliberation and have bottled some of that Y4S spirit, not just for the dark winter months ahead of us in the UK but in case I am called in once again to attempt to influence some of our leaders in London.

Because it turns out it always was all those things, and more!

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The Sand Castle

Director: Matty Brown

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

Rating: 2.5/5

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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
MATCH INFO

Schalke 0

Werder Bremen 1 (Bittencourt 32')

Man of the match Leonardo Bittencourt (Werder Bremen)

ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
%3Cp%3EBy%202030%2C%20Abu%20Dhabi%20aims%20to%20achieve%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2039.3%20million%20visitors%2C%3C%2Fstrong%3E%20nearly%2064%25%20up%20from%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20Dh90%20billion%20contribution%20to%20GDP%2C%3C%2Fstrong%3E%20about%2084%25%20more%20than%20Dh49%20billion%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20178%2C000%20new%20jobs%2C%3C%2Fstrong%3E%20bringing%20the%20total%20to%20about%20366%2C000%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2052%2C000%20hotel%20rooms%2C%3C%2Fstrong%3E%20up%2053%25%20from%2034%2C000%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%207.2%20million%20international%20visitors%2C%3C%2Fstrong%3E%20almost%2090%25%20higher%20compared%20to%202023's%203.8%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%203.9%20international%20overnight%20hotel%20stays%2C%3C%2Fstrong%3E%2022%25%20more%20from%203.2%20nights%20in%202023%3C%2Fp%3E%0A
LA LIGA FIXTURES

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

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. 

Updated: January 16, 2025, 3:17 PM`