Bahrain wealth fund to keep inward focus for now

Reuters reports that, “Bahrain’s sovereign wealth fund said on Friday it would focus for now on its domestic investments, including Gulf Air, but would be on the lookout for global investments in sectors like tourism.

‘Right now, my focus really is on the existing portfolio companies which is mostly in the Bahrain market,’ Mumtalakat Chief Executive Talal al-Zain said in an interview at on the sidelines of the World Economic Forum in Dead Sea, Jordan.

‘I’m just taking advantage of what’s happening and just investing within my portfolio company,’ Zain told Reuters.

Sovereign wealth funds in the oil-exporting Gulf Arab region have scaled down investments in Western companies since oil prices tumbled from peaks of almost $150 a barrel last summer.”

read more: Reuters

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