Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has launched Bahrain Food Holding Company (BFHC) to accelerate growth and innovation.
This launch intends to bolster the Agri-food sector and support the Kingdom of Bahrain’s efforts in addressing challenges in achieving food security.
Bahrain Food Holding Company will include Mumtalakat’s existing food sector assets. The consolidation of these companies under Bahrain Food Holding Company will facilitate collaboration and integration prospects, while also serving as a foundation for the development of Bahraini expertise in this specialized field.
HE Shaikh Abdulla bin Khalifa Al Khalifa CEO – Mumtalakat
“The establishment of Bahrain Food Holding Company aims to drive further growth and innovation across both the food and agribusiness sectors. This underlines our commitment to cultivating a positive impact and sustainability in the national food industry. It also underscores our dedication to addressing food security priorities for present and future generations in accordance with the Government’s national food security objectives. By identifying and investing in innovative solutions, Bahrain Food Holding Company also aims to promote sustainable food manufacturing and agricultural practices that help reduce our reliance on imports, provide nutritious food, and stimulate manufacturing and distribution in the agri-food sector of the Kingdom.”
According to the statement, Bahrain Food Holding Company will prioritize investments in ventures and technologies that will enhance food production, processing, and distribution.
Further, Bahrain Food Holding Company aims to prioritize its investment efforts in sectors including agri-food technology, sustainable agriculture, and food services, in pursuit of opportunities and partnerships that correspond with its overarching objective and approach of optimizing its current assets and enhancing its portfolio to achieve long-term sustainable growth.
