BeVentures, the venture capital arm of Bapco Energies dedicated to investing and building high-impact energy ventures, signed a strategic agreement with Kanoo Industrial & Energy, part of Yusuf Bin Ahmed Kanoo (Holdings) and a leading company focused on supporting energy initiatives.
This collaboration is designed to accelerate the development and adoption of innovative technologies, create a robust platform for deal flow in the energy sector, and strengthen the Kingdom of Bahrain’s role as a hub for energy startups and solutions.
As part of the agreement, BeVentures and Kanoo Industrial & Energy will identify and share investment opportunities across the GCC and wider MENA region. The partnership aims to launch pilot projects to test and scale new technologies, positioning Bahrain as a sandbox for energy innovation. The two parties will also explore co-investment opportunities that generate value for the Kingdom while advancing its National Energy Strategy.
The signing ceremony was attended by Mr. Mark Thomas - Group CEO of Bapco Energies, Mrs. Areije Al Shakar - CEO of BeVentures, Mr. Ali Abdulla Kanoo - Chairman of Kanoo Industrial & Energy, Mr. Fahad Fawzi Kanoo – Board Member at Kanoo Industrial & Energy, Mr. Manoj K Tripathy - CEO of Kanoo Industrial & Energy and other senior officials from both parties.
Commenting on the partnership, Areije Al Shakar, CEO of BeVentures, said, “This partnership is an important milestone in our journey to build an ecosystem that drives innovation in energy. Kanoo Industrial & Energy’s reputation and regional reach make them an ideal partner for BeVentures as we work together to accelerate the implementation of new technologies and unlock growth opportunities for startups and energy ventures.”
Ali Abdulla Kanoo, Chairman, Kanoo Industrial & Energy, said “This collaboration is a commitment to shaping Bahrain’s energy future. By combining Kanoo Industrial & Energy’s legacy of enabling industrial growth with BeVentures’ focus on innovation, we are building the base for an ecosystem where new technologies can thrive. Our goal is to create lasting value for the Kingdom, empowering startups, and advancing solutions that will define the next era of energy for Bahrain and the wider region.”
Fahad Fawzi Kanoo, Board Member, Kanoo Industrial & Energy, stated, “This partnership with BeVentures represents a pivotal step in elevating Bahrain’s role as a regional hub for excellence in energy. In alignment with our efforts through Kanoo Energy Sustainability Solutions (KESS), we are committed to delivering practical and scalable solutions that support the Kingdom’s National Energy Strategy. By breakthrough technology and supporting the next generation of energy ventures, we aim to enhance Bahrain’s competitiveness and establish a clear benchmark for responsible corporate leadership in the region’s energy transition.”
Through this partnership, BeVentures and Kanoo Industrial & Energy reaffirm their commitment to advancing public-private collaboration, driving regional competitiveness, and enabling the next generation of energy solutions that will benefit Bahrain and the wider MENA energy landscape.
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