Manama: Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, today announced the establishment of a new joint venture with Prodrive, the British motorsport and engineering group.
The new company, Prodrive International, builds on Prodrive’s extensive experience in developing championship-winning race and rally cars and has been established with the aim of designing and manufacturing cars to compete in the Dakar Rally in Saudi Arabia from 2021 .