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Bahrain announced the launch of a new energy fund, the first of its kind in GCC, that will provide institutional investors with access
to an energy portfolio.
Bahrain's oil minister Shaikh Mohammed bin Khalifa Al Khalifa announced on May 10 that the new Bahrain Energy Fund said it would seek $1 billion in funding and receive initial seed capital
from Kingdom entities including Osool, Noga and Sico.
Shaikh Mohammed said the fund will invest in a range of energy projects in Bahrain's downstream, midstream and upstream sectors, including the development
of newly discovered oil and gas resources.
Some of these projects are in the late stages of development and can be rapidly deployed funds
, he said.
In addition to providing investors with a highly attractive asset class, the fund will bring in private capital to finance Bahrain's vital infrastructure and strengthen the development of
key energy projects.
Bahrain would also benefit
from its status as a development fund structure and a regional financial centre attracting investment.
Commenting on the fund, Shaikh Mohamed said: "We are delighted to announce the launch of the Bahrain Energy Fund
.
This is a true innovation in the region, and for the first time, institutional investors will have access to energy assets
.
”
"At an advanced stage of development, these are exciting opportunities that give us the opportunity to rapidly deploy capital and generate returns for investors, while also accelerating the development of
important infrastructure projects in Bahrain.
"
Bahrain announced the launch of a new energy fund, the first of its kind in GCC, that will provide institutional investors with access
to an energy portfolio.
Bahrain's oil minister Shaikh Mohammed bin Khalifa Al Khalifa announced on May 10 that the new Bahrain Energy Fund said it would seek $1 billion in funding and receive initial seed capital
from Kingdom entities including Osool, Noga and Sico.
Shaikh Mohammed said the fund will invest in a range of energy projects in Bahrain's downstream, midstream and upstream sectors, including the development
of newly discovered oil and gas resources.
Some of these projects are in the late stages of development and can be rapidly deployed funds
, he said.
In addition to providing investors with a highly attractive asset class, the fund will bring in private capital to finance Bahrain's vital infrastructure and strengthen the development of
key energy projects.
Bahrain would also benefit
from its status as a development fund structure and a regional financial centre attracting investment.
Commenting on the fund, Shaikh Mohamed said: "We are delighted to announce the launch of the Bahrain Energy Fund
.
This is a true innovation in the region, and for the first time, institutional investors will have access to energy assets
.
”
"At an advanced stage of development, these are exciting opportunities that give us the opportunity to rapidly deploy capital and generate returns for investors, while also accelerating the development of
important infrastructure projects in Bahrain.
"