Bahraini fund Mumtalakat may invest in Russian housing, tech

RIYADH, Oct 24 (PRIME) -- The Bahraini sovereign investment fund Mumtalakat is interested in investing in Russian housing, technologies, and natural resources, CEO Mahmood Alkooheji told PRIME on Wednesday on the sidelines of the Future Investment Initiative conference.

“We have invested U.S. $235 million in different sectors of the Russian economy. This investment went into retail, services, logistics, airport, and highway sectors. We participate in all projects where the Russian Direct Investment Fund participates,” he said.

The fund is interested in investing in Russia, as its investment in the country has been successful.

“The Russian nation has good specialists in the sphere of modern technologies. I think that one can use the experience you have in their business projects. We are also interested in investing in housing construction and in the natural resources sectors,” he said.

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