Qatari Emir mulls marine project with UK's Prince Charles

Qatari and British royals discuss marine ecosystem sustainability project during three-day state visit
Qatari Emir mulls marine project with UK's Prince Charles
Sheikh Hamad bin Khalifa Al Thani, Sheikha Mozah bint Nasser Al-Missned, Prince Charles, Camilla, Duchess of Cornwall
By Ed Attwood
Thu 28 Oct 2010 01:20 PM

Sheikh Hamad bin Khalifa Al Thani, the emir of Qatar, is in talks to fund a Gulf-based sustainable marine development project with Britain’s Prince Charles.

The talks, which took place on Wednesday at the UK heir to the throne’s residency at Clarence House, looked at possible collaboration between a project set up by the prince and Qatari marine experts.

The plan would be to examine marine ecosystem sustainability, particularly in the Gulf, AFP reported.

Sheikh Hamad’s three-day state visit included a state banquet hosted by Queen Elizabeth II at Windsor Castle.

The emir was also guest of honour at a banquet hosted by the Lord Mayor of London, who praised the recent investments Qatar had made in the UK.

Qatar’s growing wealth has seen it become the largest dealmaker in the Gulf, boasting a per capita income of $83,000. The emirate is home to the world’s third largest gas reserves and has taken care to reinvest its energy revenues into a diversified international asset portfolio.

Today, Qatar holds stakes in a number of British firms including retail giant J Sainsbury, the London Stock Exchange and Barclays Bank. In May, the emirate bought London department store Harrods in a $2.3bn deal.

Qatar’s UK property portfolio also includes assets such as London Bridge Tower, Chelsea Barracks and the US embassy building in Grosvenor Square, London.

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