As Mr. Freeman acknowledged in a 2006 interview with an outfit called the Saudi-US Relations Information Service, MEPC owes its endowment to the "generosity" of King Abdullah bin Abdul Aziz of Saudi Arabia.
In another major development for the city, the British property company MEPC Plc announced it had formed a joint venture with Norwest Holst to construct and maintain a new square and road linking Cardiff city centre and Cardiff Bay waterfront.