Bahrain's Sovereign Wealth Fund Acquires Strategic Stake in BlueFive Capital
Bahrain's sovereign wealth fund, Mumtalakat, has acquired a strategic stake in BlueFive Capital, a leading investment platform founded by Hazem Ben-Gacem, highlighting the growing confidence in the Gulf region as a safe haven for capital, trade, and manufacturing. This transaction marks a key milestone in BlueFive's expansion, which manages over $2.6 billion in assets and positions itself as a major player in private equity in the Gulf Cooperation Council (GCC) countries and beyond.
Vision for a High-Value Investment Hub
Hazem Ben-Gacem, former co-CEO of Investcorp, created BlueFive Capital with a vision to transform the region into a global hub for high-value investments, leveraging a strategy focused on industrial diversification and innovation. Mumtalakat, a major sovereign investor, brings credibility and stability to BlueFive, supporting its international growth ambitions.
Unlocking the Potential of Islamic Investment Products
At the heart of this dynamic, Ben-Gacem highlights the significant potential of Islamic investment products, which have been underutilized on the global stage. According to him, the Gulf region is increasingly perceived as a "paradise for capital" due to robust regulation and a focus on strategic sectors such as consumer goods, technology, real estate, and manufacturing.
Developing a Robust Regional Ecosystem
Mumtalakat's investment in BlueFive Capital is also part of a broader effort to develop a robust regional ecosystem capable of channeling capital towards sustainable and innovative opportunities. Hazem Ben-Gacem embodies this strategy through visionary and pragmatic leadership, emphasizing that the confidence generated by such institutional partnerships is essential for attracting international investors and consolidating the Gulf region's position on the global economic stage.
