Bahrain announces $1 billion energy project fund

Bahrain has announced the launch of a new energy fund, a first-of-its-kind in the GCC that will provide institutional investors with access to portfolio of energy projects.

Announcing the new Bahrain Energy Fund today (May 10), Minister of Oil Shaikh Mohammed bin Khalifa Al Khalifa said the fund will seek to raise a total of $1 billion and receive an initial seed capital from entities in the kingdom including Nogaholding, Osool and Sico.

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