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BAHRAIN: May 11, 2018. Gulf Air co-hosted the Kingdom’s first Gateway Gulf Investor Forum (GGIF) this week that featured the launch of a US$100 million Fund of Funds for innovative young businesses.

Gulf Air B787 9The two-day event showcased projects worth US$26 billion across multiple sectors to government and business leaders as the Bahrain National Oil and Gas Authority announced a US$1 billion Energy Fund to provide institutional investors with access to local energy assets.

With 13 percent of world trade passing through the Red Sea presenting a “good opportunity for the whole region”, governor of the Saudi Arabian General Investment Authority Ibrahim Al-Omar noted that foreign direct investment in Saudi Arabia had risen 50 percent in the first quarter of 2018 year-on-year.

Other recent investments include a Gulf Air order for 39 new Boeing and Airbus aircraft. The  airline’s first B787-9 Dreamliner begins service to London Heathrow on June 15 and four more aircraft will be delivered by the end of the year.

This summer the airline is launching regional flights to Abha and Tabuk in Saudi Arabia, Bangalore and Calicut in India, Alexandria and Sharm El Shaikh in Egypt, Casablanca in Morocco and Baku in Azerbaijan.

Welcoming attendees to the first GGIF, Gulf Air chairman Zayed Alzayani said: “The aviation industry’s economic footprint is extensive and it spans a variety of sectors across the globe. This is a fitting time to look at aviation’s role in supporting the global economy and, specifically, our national carrier’s pivotal role in Bahrain’s economic transformation. 2018 is a year of change for Gulf Air as it embarks upon a new era in its history.”

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