International

Launch of an Investment Platform Between Russia and Bahrain

Launch of an Investment Platform Between Russia and Bahrain

The Russian Direct Investment Fund and the Bahraini sovereign wealth fund "Mumtalakat" established a joint investment platform for projects in Russia. This was revealed through documents related to the meeting held today, Thursday, in Moscow, between Russian President Vladimir Putin and King of Bahrain Hamad bin Isa Al Khalifa. The two leaders discussed ways to enhance bilateral relations, and both sides signed a series of documents and agreements to expand cooperation between the two countries. Investments occupy a significant space in the relations between the two countries; in 2014, the Russian Direct Investment Fund signed a 10-year cooperation agreement with "Mumtalakat." During these years, Mumtalakat invested approximately 250 million dollars in 20 Russian projects in retail, commercial real estate, mining, and logistics services.

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