Dubai: Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has dived into the emirate’s blue waters to inaugurate the Dubai Reef Project, the world’s largest marine reef development project.
Sheikh Hamdan was also accompanied on the diving expedition by Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund. Visiting Hui.”
“This project promises many benefits for marine biodiversity, the health of our planet and economic prosperity,” he said. “It is a testament to Dubai’s commitment to sustainability and serves as a blueprint for global environmental projects.”
The Dubai Reef Initiative aims to create more than 400,000 cubic meters of reef using more than 20,000 artificial modules over four phases from 2024 to 2027.
Dubai is implementing a project to increase fish stocks, promote sustainable fishing and enhance food security.
The launch is part of global efforts to tackle the worrying decline in coral reefs.