DP World to give 1m euros to Prince William’s Earthshot Prize finalists

DP World to give 1m euros to Prince William’s Earthshot Prize finalists

Dubai: DP World will invest 1 million euros in two finalists of the ‘Earthshot Prize,’ an award set up by Prince William and the Royal Foundation. Last year, DP World together with Expo 2020 Dubai became a global alliance founding partner of the Earthshot Prize. It was at an event that Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, announced the investment in the Earthshot Prize. The Revive our Oceans Earthshot Prize Winner, Bahamas-based Coral Vita, will receive 500,000 euros to develop a strategy for the deployment of large-scale reef restoration in the UAE, which will allow approaches to grow climate resilient corals up to 50 times faster than traditional methods. With these funds, they will begin collaborative work on reef restoration in the region, including scoping for the first commercial land-based coral farm for reef restoration in the Middle East. The other Revive our Oceans Prize Finalist, Australia’s Living Seawalls, was also awarded 500,000 euros from DP World. This investment will help scale their work creating panels that mimic natural habitats like rock pools and mangrove roots, which are fitted to coastal sea defences to return marine life to coastal shorelines. DP World’s commitment will fund