Sheikh Mohammed and Sheikh Hamdan's London visit highlights enduring Dubai-UK relationship


Hareth Al Bustani
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Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, recently shared a photograph on Instagram showing three generations of his family together in the UK. Pictured with him are his twins, Sheikh Rashid and Sheikha Shaikha, and his father, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

Quickly garnering hundreds of thousands of likes, and thousands of comments, the photo is a testament to Dubai’s longstanding relationship with the UK, dating back generations.

In 1959, more than a decade before the UAE was formed, a young Sheikh Mohammed made his first trip to the UK with his father, Sheikh Rashid bin Saeed — who was ruler of Dubai at the time — and brothers, Sheikh Maktoum and Sheikh Hamdan.

Sheikh Rashid bin Saeed Al Maktoum and his sons Sheikh Hamdan, left, and Sheikh Maktoum, right, at London Airport after arriving for a visit as guests of the British Government, 1959. Getty Images
Sheikh Rashid bin Saeed Al Maktoum and his sons Sheikh Hamdan, left, and Sheikh Maktoum, right, at London Airport after arriving for a visit as guests of the British Government, 1959. Getty Images

Dubai was still a British protectorate at the time, and the trip was a matter of great curiosity for the British public — with newspapers such as The Times carrying stories and photos of Sheikh Rashid’s delegation.

Sheikh Rashid met Prime Minister Harold Macmillan, visited the Land Rover factory and went to see the crown jewels in the Tower of London. He was also pictured in a remarkable photo, cementing the rising status of Dubai and its relationship with the UK.

Slightly more candid in nature, the photo showed the Dubai ruler behind the controls of a London Underground train, driving along the Piccadilly Line to Hounslow. Although Dubai's discovery of oil was still years away, the emirate's visionary leader was starting to position it as a business centre, dredging the Creek to allow larger ships access for trade, and facilitating the opening of several new businesses, hotels and banks.

Reflecting on the visit, Sheikh Mohammed wrote: “I was a young boy, and my father, Sheikh Rashid, took me with him in the summer to England. He had an official trip there, and he went primarily to facilitate the building of the airstrip in Dubai.

“My father was determined, arguing that he knew what Dubai needed best, and he insisted on it. We won permission to build the airstrip on that trip.”

Sheikh Rashid bin Saeed Al Maktoum, right, and his son, Sheikh Mohammed bin Rashid Al Maktoum, on a visit to the British prime minister's headquarters in 1972.
Sheikh Rashid bin Saeed Al Maktoum, right, and his son, Sheikh Mohammed bin Rashid Al Maktoum, on a visit to the British prime minister's headquarters in 1972.

Sheikh Mohammed also wrote: “The most exciting place that he took me was Newmarket. He told me all about the history of racing in England. It was probably the Romans who first held properly organised horse races there, but the first officially recorded race was in 1377, in Newmarket. Ever since then, this town has been known as the home of English horse racing.”

Sheikh Mohammed noted that Britain and Dubai shared a great appreciation for horse racing, which was not just a hobby but “a true Bedouin, and Arab, heritage”.

“My father taught us to love horses as we do our family, he taught us that we should participate and practise this art form and sport, knowing above all that it is a code of chivalry.”

Sheikh Mohammed in 1968 at Mons Officer Cadet School, which was a British military training establishment that closed in 1972, transferring its responsibilities to Sandhurst. Wam
Sheikh Mohammed in 1968 at Mons Officer Cadet School, which was a British military training establishment that closed in 1972, transferring its responsibilities to Sandhurst. Wam

Reflecting on the trip, he wrote: “I realised it was my ambition to bring the modern sport horse, a descendant of our Arabians, back to my country, and to put the Middle East on the map of racing as the heartbeat of horse sports once again.”

In the years since, the Dubai ruler and his family have developed one of the world’s great stables, Godolphin, which this year won a second successive Leading Owner Award at Royal Ascot. With its headquarters in Dubai, Godolphin has a stable in Newmarket, also home to the ruler’s Darley stallion project.

Dubai has also become home to the Dubai World Cup, which has rapidly grown into one of the most important and prestigious races on Earth.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, shared photos at the UK F3 Stables stables with his son, Sheikh Rashid. Photo: @Fazza / Instagram
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, shared photos at the UK F3 Stables stables with his son, Sheikh Rashid. Photo: @Fazza / Instagram

In recent years, the ruler’s son, Sheikh Hamdan, made several trips to the UK, often sharing images of his summer travels to the country, including visits to London and the family’s Godolphin stables, as well as the F3 stables. Like his father, who attended Mons Officer Cadet School in the 1960s, Sheikh Hamdan trained at the prestigious Royal Military Academy Sandhurst.

With his photos proving immensely popular on social media, Sheikh Hamdan’s most recent visit reminds many of his grandfather’s trip in 1959.

Just as Queen Elizabeth II visited Dubai in 1979 to inaugurate the World Trade Centre, earlier this year her grandson, Prince William, travelled to the emirate, meeting Sheikh Hamdan at Expo 2020 Dubai, reflecting a new generation of bonds between the two families.

Amazingly, in only a few decades, under the rule of Sheikh Rashid, Sheikh Maktoum and Sheikh Mohammed, Dubai has grown from an obscure British protectorate into one of the world’s great cities. In that time, Dubai’s relationship with the UK has continued to thrive, a journey that has been captured in many images.

Scroll through the gallery below to see more of Sheikh Hamdan's travels

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Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

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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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Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

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Updated: August 12, 2022, 6:01 PM`