Issam Fa'roun, the mayor of Izzariya, left, and Jamal Baghdadi, the architect who designed the mosque, are working to see the project through to completion.
Issam Fa'roun, the mayor of Izzariya, left, and Jamal Baghdadi, the architect who designed the mosque, are working to see the project through to completion.

Shaky foundation for heavy hopes



IZZARIYA, WEST BANK // Nothing comes easy in Palestine, even with the best of intentions. And while the minarets of the Sheikh Khalifa bin Zayed Mosque rise ever higher, bringing one man's dream closer to reality, a confusion of circumstances dogs the project, leaving the land upon which the mosque is being erected still unpaid for. Izzariya, also known as Bethany, is a Jerusalem-area village with an illustrious history. It is home to the tomb of Lazarus where, according to Christian tradition, Jesus raised Lazarus from the dead four days after he had been buried. For Muslims, Izzariya is the place where Salaheddin stopped to pray on his way to recapturing Jerusalem from Christian crusaders.

Today the village, by dint of its location, is a virtual prison. Izzariya is sandwiched between Ma'aleh Adumim - the biggest Jewish settlement in the West Bank - and Jerusalem, upon which it has a fine view and from which it is severed by Israel's separation barrier. Here, that concrete wall is nine feet tall and snakes its way up the hills and through narrow streets between crowded neighbourhoods.

"Israel wants this village to have no future," said Issam Fa'roun, the head of the Izzariya village council. "It interferes with Israeli plans for Jerusalem." Those plans - or more specifically, the E1 settlement plan - seek to link settlements in and around Jerusalem through a complicated network of roads, bridges and tunnels to create contiguity with East Jerusalem while skirting the indigenous Palestinian areas. Mr Fa'roun said it was a blatant attempt by Israel to surround Jerusalem and make any division of the city impossible.

Izzariya, said Mr Fa'roun, was a geographical obstacle to these Israeli designs. Before the 1967 occupation, the village commanded more than 11,000 dunams of mostly agricultural land. Today, with Israeli roads and settlements, Izzariya's 23,000 inhabitants are packed together on 2,500 dunams. Mr Fa'roun sees the mosque as a reassertion of the village's identity after decades of watching its area recede.

"This mosque will be a landmark, a show of moral support for our people and a reminder of the Muslim heritage here," Mr Fa'roun said. "We are very grateful." The design is the brainchild of Jamal Baghdadi, his "baby" as he likes to call it. For 10 years, the Gaza-based architect with a doctorate in Islamic art from Cairo University had a model of the mosque exhibited in his office. "I think all architects have one building they want to build so much they would do it for nothing," he said. "I am so lucky that mine will become a reality."

His passion is evident in the design. The minarets, at 80 metres, will tower above Izzariya and dominate the skyline for miles. The design itself is based on the Islamic ratio of 2.5:1. This "golden ratio" governs the size of the three large domes in relation to the size of the building and the height of the two minarets. The mosque will be able to hold 2,000 people and will include an Islamic study centre and a clinic.

The project design also incorporates an eight-floor commercial centre to be located nearby with room for 50 shops, 16 offices and a multipurpose hall. Mr Baghdadi had always envisaged that the mosque would pay its own running costs, some US$100,000 (Dh367,000) a year, while benefiting the community in broader ways. The commercial centre, however, has not yet been approved for budgeting by the Khalifa bin Zayed Charity Foundation.

So specific was Mr Baghdadi, who had originally approached the foundation with his design, that he rejected two sites for the location of the mosque, causing something of a dispute with the Palestinian ministry of awqaf, which offered the project a first site in Kufr Aqab, a Jerusalem-area village to the north. "I don't think it was studied well," said Mr Baghdadi of that site. "I went to the local mosque. There were only 12 people in there.

"Why would you consider building a mosque this size in a place where there clearly is no need for it?" Complicating matters further, Mr Baghdadi was looking for a location in early 2006 - after Hamas had won parliamentary elections. With trouble brewing between Hamas and Fatah as well as the international community, he thought it "best to avoid the complications with the government". Instead he went directly to the Izzariya village council, which enthusiastically endorsed the idea.

"No one co-ordinated with us at the ministry of awqaf regarding this project," said Salaheddin Ali, a deputy minister. Mr Ali was keen to emphasise that the ministry was not opposed to the project and did not want to criticise anyone for what he said was a lack of input for the ministry. "We didn't intervene. We appreciate the effort [by the foundation]. It's welcome. But there was no co-ordination, nobody asked us or told us about anything."

"It's a misunderstanding," Mr Fa'roun said. "I think it is something that will be forgotten soon enough." The Izzariya village council offered up an empty plot of public land, a dwindling resource in the village. But the location of that plot would have meant that the mithrab would have faced out to a busy main street. Another plot, privately owned, was identified and an agreement was reached with its owners.

That agreement, however, was not budgeted for. The plot of land costs US$560,000 (Dh2.06m) that the council proposed to pay for in instalments through the lease of 10 shops at the commercial centre. However, with plans for the commercial centre yet to be approved the landowners are now looking to be paid and an Aug 15 deadline is looming. "We have not yet received approval from the Sheikh Zayed Foundation for the commercial centre so we are trying to ensure that we can set aside enough from the budget to pay for the land," Mr Fa'roun said.

"Otherwise the construction will come to a halt after August 15." The land issue has cast a pall over a project that has gradually won over an initially sceptical population. Locals had questioned the US$4.5m (Dh16.5m) project, primarily because since the wall came up, Izzariya has been cut off from the health care facilities of Jerusalem. With no local alternative, travel time to Jerusalem trebled and access dependent on Israeli permits, many felt the greatest need was a hospital.

Mr Fa'roun said the village council had tried to approach several NGOs for funding for a hospital but that running costs were simply prohibitive. As a compromise, Mr Baghdadi incorporated a 1,000 square metre prenatal care clinic into the design for council use. "We need a hospital here," said Muatazem Hijazi, 32, a shopkeeper from just across the street where the mosque is being built. "But I think [the project] is helpful, both practically and psychologically. It tells people here that the Arabs haven't forgotten us."

That sentiment was echoed by Mohammad Rumeilleh, 15, who said he was looking forward to the completion of the project. "It's a mosque. It's a good thing, and it shows we have support from Arab countries," he said, to nods of agreement from two friends. It's true we need a lot of things here in Izzariya, but they say the minarets are going to be the tallest in Palestine and from there we can see the Aqsa Mosque, where the Israelis forbid us from going.

"I think it will be special." @Email:okarmi@thenational.ae

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Sector: Technology and home services

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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.”

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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia