Manufacturing Mumtalakat invests in Italian motorsport safety products By Pramod Kumar June 27, 2024, 5:25 AM Mumtalakat Mumtalakat's investment aims to support the expansion of Racing Force’s helmet factory in Bahrain Mumtalakat, Bahrain’s sovereign wealth fund, has invested in Italian Racing Force, the parent company of Racing Force Group (RFG), makers of motorsport safety products. The investment, made through its wholly owned subsidiary, aims to support the expansion of Racing Force’s helmet factory in Bahrain. Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat, said that collaborating with Racing Force will expand its footprint in the country, as well as allowing it to invest in growth sectors that create highly skilled job opportunities for Bahrainis. NewsletterGet the Best of AGBI delivered straight to your inbox every week In a statement published on Borsa Italiana, RFG said that Mumtalakat and Axon Partners Group Investment acted as cornerstone investors for its accelerated bookbuilding, committing €2 million ($2.1 million) and €5 million, respectively. The new capital will support the development and expansion of RFG’s business activities globally. Bahrain attracts a record $6.8bn in foreign investment Bahrain remains cautious but crypto pursuit advances Bahraini fund hires bank to find buyer for McLaren stake Starting from 2026, we will be fully operating our second factory in Bahrain, which will provide a further boost to the growth, mainly in terms of margins, said Paolo Delprato, chairman and CEO of RFG. Since its establishment in 2014, the Bahrain facility has employed 400 locals. Furthermore, all Bell Racing Helmets products are entirely made in Bahrain. Over the last 10 years the factory has produced and exported 254,000 helmets, 286,000 mini helmets, and over 500,000 accessories.
