Mumtalakat was established in June 2006 as an independent holding company to manage the Government of Bahrain's stakes in key commercial assets. Mumtalakat is a shareholder in the strategic commercial assets of Bahrain, which are significant contributors to the Bahraini economy, and directly and indirectly support many other businesses in the country and the region. Mumtalakat's portfolio consists of minority and majority stakes in 38 commercial enterprises, in addition to investments in third-party managed funds.
Data centres could be the Gulf’s new refineries. But the region must put the right support systems, regulations and access to funding in place, writes Khalid Rumaihi.
Governments should lead by example, cut red tape and push the boundaries of what's possible in order to ensure the responsible flow of data, writes Khalid Rumaihi.
Governments have been forced to accelerate reforms.
