Mumtalakat, Bahrain’s sovereign wealth fund, and Abu Dhabi Future Energy Company (Masdar) have signed a memorandum of understanding (MoU) aimed at exploring collaboration opportunities in the development of clean and renewable energy projects in the kingdom.
Under the terms of this MoU, Mumtalakat and Masdar will collaborate to develop a pipeline of renewable energy projects, supply cost competitive green energy to Bahrain, build local capabilities and foster innovation in Bahrain by utilising their complementary expertise and know-how .
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