Porsche plans to make 50,000 Macans to meet the growing demands of a worldwide SUV market. Photos courtesy of Porsche
Porsche plans to make 50,000 Macans to meet the growing demands of a worldwide SUV market. Photos courtesy of Porsche
Porsche plans to make 50,000 Macans to meet the growing demands of a worldwide SUV market. Photos courtesy of Porsche
Porsche plans to make 50,000 Macans to meet the growing demands of a worldwide SUV market. Photos courtesy of Porsche

Well-branded brawn


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There’s a little wiggle from the tail of our 911 Carrera pace car as it leads us around a hot lap of Porsche’s test track in Leipzig. The track is a collection of famous racing circuit corners stitched together to form one of the most challenging test loops in the world, and the one the 911 is getting a little loose on is the Curve di Lesmo from Monza – an extremely fast, never-ending right hand bend with a touch of positive camber that requires an ambitious right foot.

We’re in the 400hp Porsche Macan Turbo, the hottest version of the Cayenne junior and a car Porsche claims is the sportiest five-seat SUV ever produced, and we’re having no such dramas. The Macan simply sticks to the track, pulls itself into line and demands that you keep your right foot glued to the carpet. There’s no groan or roar from the tyres as they hit their limits of adhesion, no niggling traction control or stability control nibbling obtrusively at the corners to keep the Macan pointing where it needs to go. It’s just fast.

No SUV should perform like this, not even one wearing the Stuttgart shield and especially not one that tips the scales at over two tonnes with at least one reasonably well-fed journalist onboard. Acceleration is sublime and the car’s handling on the limit is incredible. We should not be troubling the tail of the 911 but it’s hustling to stay ahead.

Just an hour earlier, the Macan had guided us over territory the Russian army once used to test its tanks, clearing obstacles and hanging wheels in the air like a true rock-crawling off-roader. It clung to concrete bunkers as we inched precariously around the 35-degree cambered edge and handled the downhill braking required to clear steep slopes without touching the pedals. Leipzig’s considerable test facilities lacked vast expanses of sand, so we’ll just have to wait until the car arrives in the Middle East to report back on its capabilities in the dunes.

The car is as refined on the roads as you’d expect. The staggered tyre widths front to rear help point the nose into bends with authority and enough feel for a Porsche. The perfectly smooth autobahns and linking roads around Leipzig highlighted the car’s pace and poise. The extra roar from the snow tyres (it’s mandatory to fit them in Germany during the winter months) was adequately muffled.

The Leipzig test facility is attached to the factory where the Macan is built alongside the Panamera and Cayenne. Purists cried foul when Porsche launched the Cayenne 12 years ago and they’re not going to like this one either. It still has too many doors, weighs too much and has the engine at the wrong end but, without the enormously successful Cayenne, the 911 would probably not be around today. The world craves SUVs, and the Macan is launching into the fastest growing segment in the automotive sector, occupying a space that no other manufacturer has yet managed to master. Purists may not like it, but that’s not going to stop Porsche selling its entire annual production run of 50,000 to a new breed of motoring fan.

Under that svelte suit, the Macan shares its underpinnings with the Audi Q5. Much of the stuff you don’t see – chassis layout, parts of the suspension and subframes underneath the car and other components – come from the Volkswagen-Audi family. The important bits such as the engines, four-wheel drive systems and other key suspension components are all new or modified Porsche bits. Porsche says that more than two-thirds of the Q5’s parts have been modified or replaced and one of the bits it’s most proud of is the clamshell bonnet. It’s a single piece of formed aluminium that stretches from the bumper to the windscreen and over both edges of the wings to eliminate seams and gaps. The headlights poke through holes in the bonnet.

The Macan launches with the choice of two twin-turbo petrol V6 engines and a diesel that we’re not likely to see in the Middle East. The S gets 340hp and 460Nm of torque from its 3.0-litre V6, while the Turbo (3.6-litre V6, 400hp and 550Nm) is the kind of car those who said they’d never drive an SUV will opt for. All models get the seven-speed double clutch PDK transmission, a sport button and off-road mode, which improves loose surface traction. If you spec the optional air-suspension, ground clearance gets jacked by an additional 40mm to 230mm. The Sports Chrono package adds attitude and extra noise from that V6, and launch control should you really want to trouble 911s at the lights.

The world wants more SUVs, and a new one wearing a honey-gold Porsche badge will attract buyers like bees. It’s one of the best performance SUVs on the market and it really is as good as the badge suggests. Do yourself a favour: get your order in smartly, because there’s going to be one heck of a queue once they make land in the UAE.

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The Sheikh Zayed Future Energy Prize

This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.

From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.

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MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

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.”

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

Tuesday results:

  • Singapore bt Malaysia by 29 runs
  • UAE bt Oman by 13 runs
  • Hong Kong bt Nepal by 3 wickets

Final:
Thursday, UAE v Hong Kong