Swiss and European Elite Clubs Make Their Move to Dubai | Kanebridge News
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Swiss and European Elite Clubs Make Their Move to Dubai

In a remarkable trend, high-profile European and Swiss clubs for the ultra-rich are increasingly making their way to the UAE.

Fri, Apr 12, 2024 5:29pmGrey Clock 3 min

This shift comes as Dubai solidifies its status as the favored destination for the world’s affluent, surpassing even Singapore. Renowned Swiss private banks are seizing this opportunity by significantly expanding their workforce, aiming to double or even triple their numbers, indicating the growing importance of the Gulf nation in the eyes of the global elite.

Changer Club: Fostering Innovation and Investment

Changer, a premier club for individuals of significant wealth, has recently focused its attention on Dubai’s business elite with the objective of forming a significant community that fosters connections with their European counterparts.

This move aligns with the expansion of prestigious Swiss banks like UBS and Lombard Odier their workforce, with UBS increasing its staff to over 200 and Lombard Odier aiming to double its workforce within three years to cater to the region’s ultra-rich. Observers anticipate that additional elite clubs and networks, like Changer, will soon enter the UAE, particularly Dubai, driven by the significant inflow of the world’s wealthy to this Gulf nation.

According to Henley & Partners, a global citizenship by investment consultancy, the UAE has experienced the largest net increase in millionaires, with 4,500 newcomers last year alone.

Changer is committed to promoting innovation and angel investments in Dubai. Known for its successful angel investment ventures in late-stage startups across Europe and the USA, Changer has reported impressive growth rates of 100 percent and above annually, even amidst market fluctuations.

Jonas ROLO, the Chairman of Changer Club in the Middle East

The club has set its sights on turning the UAE’s millionaires into key angel investors. Jonas ROLO, the Chairman of Changer Club in the Middle East, mentioned that the organization’s objective in Dubai is to widen the outlooks of the area’s wealth creators. He explained that the Club intends to boost its members in the UAE by arranging for appearances from globally celebrated thinkers, renowned authors, and billionaires to provide keynote speeches.

The significance of the UAE to Changer, headquartered in Lausanne, Switzerland, is highlighted by the scheduling of four of its twelve major annual events in Dubai this year. These events aim to link Dubai’s intellectual business leaders with their European peers.

Changer’s initiatives are quickly bearing fruit, as evidenced by the rapid acquisition of 22 affluent members from the UAE and other Gulf countries within a few weeks, with a target to reach a hundred members from the GCC by the end of 2024. Membership in the Changer Club is highly exclusive, requiring not only a $10,000 annual fee but also a thorough reputation review, a minimum of $500,000 in liquid assets, and two referrals.

 Dubai’s Rising Influence

The strategic entry of elite clubs like Changer into Dubai is more than just an expansion; it’s a testament to the city’s growing allure for global wealth creators.

By introducing a model that encourages intellectual growth and investment insight among the ultra-wealthy, these clubs are not only enhancing the local business elite’s global connections but are also poised to play a pivotal role in transitioning the region from an industrial to a knowledge-based economy.



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Saudi Arabia’s 2024 Summer TOURISM Plans Unveils New Incentives and Global Attractions

“Saudi Summer is Next Door” plans to boost tourism in the Kingdom over four months across seven destinations.

Wed, May 22, 2024 4 min

Saudi Arabia has unveiled its plan to attract international tourists this summer. The strategy includes appealing visa options, complimentary airline tickets for families, a lineup of major events, and opportunities for tax-free shopping.

The initiative, organized under the guidance of Ahmed Al Khateeb, Minister of Tourism and Chairman of the Saudi Tourism Authority (STA), is named “Saudi Summer is Next Door.”

Jeddah

Extensive Summer 2024 Tourism Activities

The initiative will span four months, ending in September, and will be hosted across seven key destinations: Aseer, Al Baha, Taif, the Red Sea, Jeddah, Riyadh, and AlUla.

It features over 550 tourism products and more than 150 specially tailored offers and packages for families and various interest groups including adventure enthusiasts, luxury seekers, and cultural and heritage buffs.

The launch event of the Saudi Summer Program 2024 was attended by notable figures such as Zurab Pololikashvili, Secretary-General of the World Tourism Organization, in addition to more than 250 key partners from both public and private sectors, prominent media personalities, and influential opinion leaders.

Showcasing Global Events and Cultural Richness

This year’s program will also welcome back the Jeddah Season and introduce the Aseer Season, each filled with various activities and events for families. The Kingdom will host several significant events as part of the summer program, including the first Esports World Cup in Riyadh, an eight-week competition featuring top esports athletes, and various boxing tournaments in Riyadh and Jeddah.

During the event, Al Khateeb highlighted the latest global tourism trends, the Kingdom’s growth in the tourism sector, and the record-high tourist numbers that have propelled Saudi Arabia to the top of the UN World Tourism list and the G20 nations list.

Al Baha

Al Khateeb emphasized, “Saudi Arabia is witnessing a transformative period in tourism, driven by our vision to position the Kingdom as a premier global destination. The Saudi Summer Program 2024 is our commitment to showcasing the rich cultural heritage, natural beauty, and unparalleled hospitality that Saudi Arabia offers. “We invite local and international tourists to experience the diversity of our seven unique destinations and take advantage of the exceptional offers and packages designed to create unforgettable memories. “This initiative, supported by our strategic partnerships and groundbreaking efforts like the eVisa and increased flight connectivity, demonstrates our dedication to making Saudi Arabia more accessible and appealing to tourists worldwide. “We look forward to welcoming visitors from all corners of the globe to explore and enjoy the vibrant experiences that await them this summer.”

Zurab Pololikashvili, Secretary-General of the World Tourism Organization, also remarked, “Saudi tourism is witnessing unparalleled development at all levels, achieving great leaps in recent years, which I witnessed during my multiple visits to this hospitable country.”

Riyadh

“Saudi Arabia has global indicators related to the number of tourists, which has qualified it to top the UN World Tourism list of significant tourist destinations.”

“All of these great achievements for Saudi tourism would not have been possible without proper planning by those in charge of the sector in the Kingdom and the great potential it possesses in terms of diverse climates, stunning natural landmarks, and the generosity of Saudi people who are distinguished by their hospitality, raising the ceiling of ambitions for new achievements.”

STA CEO Fahd Hamidaddin said: “While temperatures in the region rise to high levels during summer, temperatures in the highlands of Saudi Arabia in the southern region decrease to the extent that we even witnessed snowfall in Al Soudah yesterday.” “Through the promotional campaign for the Saudi Summer Program 2024, we seek to highlight the uniqueness of our destinations and their climatic, natural, and cultural diversity, along with the exceptional events and activities happening during summer. “This year’s summer program includes more than 550 tourism products and 150 special offers designed in collaboration with STA’s partners, which include attractive offers from hotels, airlines offering free tickets for children in partnership with major travel, tourism, and aviation companies, and exceptional products in the Aseer Season and Jeddah Season like tax-free shopping offers and many new and exciting experiences such as private beaches for tourists and ladies’ beaches.”

“The campaign slogan “Saudi Summer is Next Door” embodies an open invitation to explore the magic of Saudi destinations and their diversity. This diversity is expressed with simple words that reflect the uniqueness of each destination, such as “Closer,” “Cooler,” “More Beautiful,” and “More Affordable.”

The private sector is a very important component of the success of tourism programs and initiatives, and the Saudi Tourism Authority is committed to empowering it by fostering demand for products and offers that align with the aspirations of tourists globally.

The launch of the Saudi Summer Program 2024 marks a period when visiting the Kingdom has become easier, smoother, and safer through measures such as the availability of the eVisa to citizens of 66 countries, a 20 percent reduction in eVisa prices, and a significant increase in the number of weekly flights from

Gulf cities to Saudi summer destinations, now totaling 1,100.

Residents of the GCC can also benefit from the GCC residents visa, which allows them multiple entries and a stay of up to 90 days in the Kingdom over a year. Moreover, the number of hotel rooms available to travelers is set to increase, with an additional 25,000 rooms expected to be added this year.

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