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FINANCIAL NEWS
Bahrain- Mumtalakat to spend USD150m on investments in 2013
07 Mar 2013
(MENAFN) Mumtalakat’s chief executive, Mahmood Al Kooheji, stated that during the current year, the Bahraini sovereign wealth fund will spend USD150 million on investments in the country, reported Gulf Daily News.
Al Kooheji said that Mumtalakat plans to focus on developing its asset portfolio in the tiny Kingdom, through expanding existing projects and developing new ones.
He added that investments would cover several sectors, including the real estate, aluminum downstream, in addition to tourism and events.
The CEO also noted that Mumtalakat is ready to explore international investment opportunities that add to the company’s portfolio and the country’s economy.
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