Mahmood Hashem Alkooheji, CEO, Bahrain Mumtalakat Holding Company

Bahrain looks locally and globally to identify strong areas for investment

In an interview with Global Platform, Mahmood Hashem Alkooheji, CEO, Bahrain Mumtalakat Holding Company, speaks on the growing diversification of the country’s economy, and the depth and breadth of Bahraini investment, both locally and globally. Major focus areas for the company include manufacturing, education and health care. With the country having already established itself as a financial hub, financial technology will also feature prominently on the investment agenda. Tapping into Bahrain’s highly educated workforce is a key strategy as it seeks to position itself as a strong regional competitor.  

Transcript:

Oil in Bahrain was discovered in 1932. 

But oil is not something that the country wanted to depend on entirely, so the government started a programme of diversifying the economy away from oil many years ago. 

His Royal Highness the Crown Prince, when he looked at trying to improve the economy through EDB [Economic Development Board], he spearheaded a process where he wanted a lot of activities to become more commercial and more focused.

So Mumtalakat was established in 2006 to really bring transparency, improve performance of the portfolios we have and to add more corporate governance in the portfolio we have.

Mahmood Hashem Alkooheji, CEO, Bahrain Mumtalakat Holding Company

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