Britain and Bahrain Sign $2.7B Deal to Boost UK Green Projects

The United Kingdom and Bahrain have entered into a partnership worth $2.69 billion to boost green projects across the UK. This deal highlights both nations’ commitment to clean energy, technology, manufacturing, and financial services.

A Strategic Green Investment Partnership

The partnership was officially signed during a high-level meeting at 10 Downing Street, where UK Prime Minister Keir Starmer met with Bahrain’s Crown Prince Salman bin Hamad Al Khalifa. Their discussions focused on collaboration in several key sectors aimed at driving growth and sustainability.

Business Minister Jonathan Reynolds described the deal as a strong vote of confidence in the UK economy, saying:

“This $2 billion commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we’ve identified in our upcoming modern Industrial Strategy.”

Bahrain’s Role and Investment Channels

Bahrain will channel its investment primarily through its sovereign wealth fund, Mumtalakat, along with leading financial institutions such as Investcorp, GFH Financial Group, and Osool Asset Management. This strategic investment supports Bahrain’s goal of economic diversification while strengthening bilateral relations with the UK.

Aligning with Bahrain’s Vision 2030

The partnership aligns closely with Bahrain’s Vision 2030 initiative, which emphasizes carbon emission reduction and renewable energy adoption. Bahrain has set ambitious targets for renewable energy generation, aiming to reach 280 megawatts (MW) by 2025 and increase this capacity to 710 MW by 2035. Solar and wind energy projects are key components in achieving these goals.

This agreement not only tightens economic ties but also positions both countries as leaders in the global green energy transition. As the UK advances its modern Industrial Strategy, partnerships like this will be crucial in building a sustainable and prosperous future.