Interview: Mikkel Vinter
Where do you identify the main investment opportunities in the ICT sector?
MIKKEL VINTER: Investment opportunities are centred around two main segments: telecommunications and digital technologies. Regarding the telecommunications space, we are investing in networks – 5G in particular – and rolling out fibre to more homes and businesses across Bahrain. We are also investing in international connectivity, with a focus on attracting international players and tech companies by providing first-class facilities such as data centres. Our goal is to ensure that Bahrain has a strong, international ICT ecosystem and is an attractive location for businesses in the sector.
On the digital side, we see opportunities in cybersecurity as there is a growing need for protection against cyberattacks for individuals, enterprises and governments. Our acquisition of DTS Solution, a Dubai-based security company, will be the first of several investments in this segment.
Other opportunities include providing business-to-business solutions, particularly in cybersecurity and ICT product development. Indeed, we see many opportunities for investment in the enterprise space. An economic slowdown that is prevalent in other parts of the world has been comparatively moderate in Bahrain and the wider Gulf region, where customer demand is continuing to grow.
What is your assessment of Bahrain’s ICT competitiveness in relation to the wider region?
VINTER: Bahrain’s competitiveness in the MENA region can be reflected in its advanced ICT infrastructure and talent pool, with many local graduates in technology and engineering. In this aspect, universities provide a platform for competitiveness, particularly in the broader ICT sector. Collaboration between academia and the business community has helped to capitalise on these strengths. In addition to local talent, skilled expatriates are attracted to Bahrain’s lifestyle, safety and connectivity, among other factors that contribute to the kingdom’s capacity to compete on the global stage.
How are partnerships between the public and private sectors evolving to accelerate developments in the local ICT ecosystem?
VINTER: Collaboration between the public and private sectors is reflected in the composition of company boards, which often include representatives from both. Private investment is encouraged, while players active in the sector maintain ties with the public sector. This has proven to be an effective way to stimulate investment and innovation. The size of the country also plays a role, as decision-making can be more streamlined and efficient in a smaller country like Bahrain, giving it a competitive advantage.
To what extent is it necessary to safeguard against cybersecurity risks and increase data protection in a digitised economy?
VINTER: Cyberattacks are increasingly common, making it crucial for firms to integrate robust protection and monitoring systems. Being proactive and partnering with cybersecurity experts can help businesses safeguard against threats and respond effectively. Investing in cybersecurity is key to avoid incidents, which can be more expensive than the upfront security costs in the long run.
Awareness is spreading across the sector as companies realise that it is essential for organisations with a digital presence to have a solid plan in place and work with the right cybersecurity organisations. While the cost of establishing safeguards can be high, they are necessary. The sector is growing at a rapid pace, and it is crucial to work with trusted partners and invest in protection in order to safeguard against the increasing frequency of security threats.
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