Bahrain-based Al Zayani Investments Group has launched the Al Zayani venture capital (VC) fund, targeting local and regional tech-enabled startups.

Al Zayani Investments Group was established in Bahrain in 1977. The Group’s investment portfolio spans across several sectors, including automobiles, healthcare, manufacturing, real estate, services, food and more.

“We are delighted to launch Al Zayani Venture Capital, which represents a new phase of the Group’s future, as we are looking to invest in emerging industries and the bright young entrepreneurs both in the Kingdom of Bahrain and in the region,” said Nawaf Khalid Al Zayani, Al Zayani Investments Group chairman.

“Through the establishment of this company, Al Zayani Investments Group aspires to achieve rewarding returns on carefully considered investment opportunities, structured in a highly efficient and well-managed manner, taking into consideration the calculated risks thanks to the presence of an experienced team of leading Bahraini Staff in this field; the professionals whom we are proud of at the level of the Group and our new company,” said Khalid Hamid Al Zayani, managing director of Al Zayani Investments Group.

In November last year, the Bahraini government approved new amendments to the Bahrain commercial companies (BCC) law, aiming to increase startup access to funding and enhance the ease of doing business across the kingdom.