Plans are in the works for the establishment of a new holding company that would consolidate investments and assets of the Bahraini government while keeping a look out for global and local investment opportunities.
The new company will reportedly be established in the coming months. “The new company should be up and running in a couple of months time,” one source said, according to the <i>Bahrain Tribune</i>.
The Bahraini Cabinet has already given its approval for the company, while approval from Bahrain's parliament has yet to be announced.
The new company will evaluate government investment opportunities from a commercial point of view rather than political.
“It will provide for better management of stakes owned by the government in different companies. The holding company would work towards increasing profitability. It will look at acquiring and selling of assets,” the source added.
