RIYADH: Bahrain may follow other Gulf states and sell energy assets to bolster its economy after last year’s crash in oil prices, Bloomberg reported
“We’ve got a lot of infrastructure assets that can easily be” structured to raise funding, Oil Minister Mohammed bin Khalifa Al-Khalifa said in an interview. “We’ve been looking at this for some time. We haven’t made a decision yet,” he added.
A pipeline connecting the island-nation to Saudi Arabia would be “ideal” for a private-equity transaction, while a ship for importing liquefied natural gas and upstream assets could also be used to raise money, he said.
In recent weeks, Saudi Arabia, the UAE, Qatar, Oman and Kuwait have all accelerated multi-billion-dollar plans to sell energy assets or issue bonds off the back of them, Bloomberg said.
The region’s state energy producers are in a strong position because demand for infrastructure assets, which tend to have steady returns, is high, Al Khalifa said.
“There seems to be a large pool of capital interested in this, despite all the challenges with the environmental drive,” he said.
Al-Khalifa said that the government is in talks with international firms about them investing in a petrochemical plant that will cost as much as $2 billion to build, the news site said.
Bahrain’s new petrochemical plant will use naphtha from a nearby refinery, whose capacity is being expanded from 270,000 oil barrels a day to 400,000. The expansion should be finished in around 18 months, Bloomberg reported.
Bahrain may follow other Gulf states by selling oil pipeline assets
https://arab.news/5c825
Bahrain may follow other Gulf states by selling oil pipeline assets
- Flurry of energy asset sales in recent weeks
- Bahrain’s new petrochemical plant will use naphtha
The Family Office to host global investment summit in Saudi Arabia
RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.
The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.
The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.
Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.
Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.
The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.
The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.
With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.
The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.
