Mumtalakat Boosts Food Security with Strategic Transfer

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

Email: mail@newsobahrain.com

At the Gateway Gulf Forum, Bahrain Mumtalakat Holding Company (Mumtalakat), the Kingdom’s sovereign wealth fund, announced a strategic transfer of the Bahrain Agriculture Development Company (Gheras) to its subsidiary, Bahrain Food Holding Company (BFHC).

This move is a key step toward reinforcing Bahrain’s national food security and boosting innovation in the agri-food sector. The agreement, formalized in collaboration with the Ministry of Finance and National Economy, seeks to strengthen local agricultural production through advanced and sustainable farming techniques.

Established by Royal Decree in 2021, Gheras has led the charge in modernizing Bahrain’s agricultural landscape, introducing pioneering projects such as the Hoorat Aali hydroponics initiative, which has made significant strides in meeting local fresh produce demand.

Expansion BFHC, formed earlier this year as a central hub for Mumtalakat’s food-related investments, is now set to expand its holdings with the integration of Gheras. The company already manages strategic assets including Bahrain Flour Mills, General Poultry Company, and Delmon Poultry Company.