Mumtalakat 2017 Annual Report


Investing for Bahrain

We are mandated to grow the wealth of Bahrain. As a result, we play a vital role in the overall growth of the country’s economy through our investments in 30 local companies. In supporting these companies’ growth plans, we also provide over 13,400 direct employment opportunities in Bahrain alone.

At the same time, we continued to support economic diversification and founded two new companies in Bahrain. These were Mazad, a company responsible for conducting and organising auctions, and the Bahrain Institute for Pearls and Gemstones (DANAT), a company responsible for third party verification services and scientific research for natural pearls and gemstones.

These endeavours were amplified by a joint venture which has helped establish Mueller Middle East, through which 200 new jobs will be created by 2019 in the Kingdom. This new facility will see Bahrain produce quality copper tubes, addressing regional manufacturing demands.

Our investment in the industrial aluminium industry continued to grow with the commencement of construction for Alba’s US $3 billion Line 6 expansion project. The project will create over 500 permanent direct jobs in Alba and will boost the downstream cluster indirectly by creating thousands of work opportunities in the country.