MANAMA: Bahrain-based Al Salam Bank is moving into the agricultural
This alliance is part of the bank’s diversification strategy.
For CP Group, this marks the organisation’s business expansion into the Middle East and North Africa (Mena) region.
Al Salam and CP Group will jointly identify suitable agribusiness
The alliance will initially carry out detailed feasibility studies
The studies will comprehensively cover technical, financial and
“This alliance falls in line with Al Salam’s mission to provide
“We are also proud to support the region in addressing the critical issue of food security.
“Although Bahrain will be used as a hub, our target market will cover the Mena region in its entirety.
“The projects will play an important role in creating job opportunities for Bahrainis,” Mr Taqi said.
“This MOU signifies CP Group and Al Salam’s intent to establish
“This alliance represents CP Group’s first joint venture with an
The proposed venture is envisioned to be an integrated Halal Food
CP Group will provide a highly-specialised management team with