In an announcement that will have Portugal’s estate agents limbering up for the race of all time, the Aga Khan has announced that he will be moving his official residence to Portugal within the next five years. The news came on Wednesday, as the leader of the Shia Muslim order was due to meet with Foreign Affairs minister Rui Machete to sign an agreement to establish his global headquarters in Portugal.
As Machete told Público: “It is natural that an institution with an annual budget of between €600-€900 million will bring something to Portugal.”
For now, clues on possible locations for this new investment are being kept under wraps. Público has revealed only that the Imam of the Nizari Ismailis is talking about ploughing money into health and social protection services in Portugal “within the next five years”.