Mumtalakat, Bahrain’s sovereign wealth fund, has announced a strategic move to further bolster the kingdom’s food security. The fund will fully transfer Bahrain Agriculture Development Company (Gheras) to its wholly-owned subsidiary, Bahrain Food Holding Company (BFHC).
This strategic move aims to accelerate growth and innovation in the Bahraini agri-food sector. Gheras, established in 2021, is a pioneer in sustainable agriculture, focusing on hydroponic farming to support local crop production.
BFHC, a newly-formed entity, will consolidate food-related assets, including Bahrain Flour Mills, General Poultry Company and Delmon Poultry Company. The integration of Gheras will further expand BFHC’s portfolio and enhance its ability to contribute to Bahrain’s food security and sustainable growth.
Municipalities Affairs and Agriculture Minister and Gheras chairman Wael Al Mubarak emphasised Bahrain’s commitment to developing the agricultural sector.
BFHC chairman Basim AlSaie highlighted the synergy between the two companies and their shared vision of promoting sustainable local food production.
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