MANAMA: Mumtalakat, the sovereign wealth fund of Bahrain, and Mubadala, the sovereign wealth fund of the UAE, have agreed to establish a joint investment fund for projects in both countries and abroad.

The announcement follows a meeting between Mumtalakat chief executive Khalid Al Rumaihi and Mubadala managing director and group chief executive Khaldoon Al Mubarak.

Following discussions, the two entities agreed to collaborate on areas of mutual interest and encourage cooperation in investments beneficial to the interests of both Bahrain and the United Arab Emirates.

Mr Al Rumaihi commended the depth of Bahrain-UAE diplomatic and economic ties, and highlighted the importance of the official visit to the UAE, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, in furthering cooperation across a range of investment initiatives and areas.

© Copyright 2020

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.