Mumtalakat eyes infrastructure investments in clean energy projects – The National

Mumtalakat eyes infrastructure investments in clean energy projects – The National

Exclusive: Chief executive Khalid Al Rumaihi is refining the strategy of the kingdom's sovereign wealth fund. Bahrain sovereign wealth fund Mumtalakat is refining its strategy as it looks to widen the net with new infrastructure investments and clean energy projects in the kingdom and the wider Gulf region, its chief executive said.. There is no intention to sell any of its stakes in these companies.. "You should impose your view, as an owner you shouldn't be shy about doing that but with interests of that company in the long-term.". The Gulf region is likely to see more privatisation of state assets including those related to infrastructure, he said.. Sustainability-related sectors represent an opportunity for Mumtalakat in terms of infrastructure investments, including solar power and waste to energy projects.. "We are looking at it from a micro grid perspective for economic reasons in addition to the climate change agenda," Mr Al Rumaihi said.. There will be more focused decision making around when to enter investments, or when not to put more money into portfolio companies and a clear understanding of when there is a good liquidity event and if the timing makes sense to sell, Mr Al Rumaihi said.. "When I