Manama: Bahrain’s investment arm Mumtalakat has entered into a joint venture with Indian firm Synergies Castings to build a $150 million downstream aluminium facility in Bahrain, it was announced yesterday.
Mumtalakat chief executive Mahmood Al Kooheji told a Press conference at the Four Seasons Hotel Bahrain Bay yesterday that the aluminium casting and specialty alloy wheel manufacturing plant will take around 18 months to build with opening expected in late-2017 .