The Bahraini sovereign wealth fund, Bahrain Mumtalakat Holding Company (Mumtalakat), launched "Ghedha Bahrain Holding" (Ghedha) on Sunday to promote growth and innovation in the food and agriculture sector and support the country’s efforts towards achieving food security.
Mumtalakat stated in a release that Ghedha will encompass the food-related assets of Mumtalakat, adding that having all these companies under one umbrella will enhance the prospects for cooperation and integration among them.
Mumtalakat further explained that Ghedha will also seek promising investment opportunities in projects and technologies that can enhance food production, processing, and distribution.
The CEO of Mumtalakat, Sheikh Abdullah bin Khalifa Al Khalifa, indicated that the launch of Ghedha positions it as a key driver in the food and agriculture sectors. He emphasized that Ghedha aims to enhance sustainable food manufacturing and agricultural practices that reduce dependency on imports, provide healthy food, and stimulate manufacturing and distribution within the agricultural food sector in the kingdom by finding and investing in innovative solutions.
According to Mumtalakat, Ghedha aims to invest in sectors including agricultural food technology, sustainable agriculture, and food services.
