Mumtalakat Launches New Digital Solutions Provider “ARRAY” to Bolster Bahraini Economy

Bahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, has introduced a new digital solutions provider, ARRAY Innovation. This strategic move, supported by the Bahrain Economic Development Board, aims to create 1,000 jobs, enriching the Bahraini workforce with high-tech skills aligned with the global digital economy's demands.

Announced on March 12, 2024, the initiative is expected to bridge the gap between international digital innovations and local talent by leveraging advanced technologies such as generative AI and cloud computing. ARRAY plans to offer a wide range of digital solutions, from consultancy services to managed IT services, targeting clients across Bahrain and globally.

The launch signifies Mumtalakat's dedication to diversifying Bahrain’s economy in line with Vision 2030, aiming to position Bahrain as a leading global technology service provider. His Excellency Shaikh Abdulla bin Khalifa Al Khalifa highlighted that ARRAY would focus on creating skilled jobs for Bahrainis, serving various sectors including financial institutions and multinational corporations.

The establishment of ARRAY’s global headquarters in Bahrain signifies the nation's burgeoning status as a hub for financial services and technology, thanks to its competitive operating costs, progressive government policies, and the agility of Team Bahrain. The move is also a testament to Bahrain's efforts to future-proof its young, bilingual, and tech-savvy workforce.

ARRAY's commitment to cultivating a dynamic work culture underscores the collaborative approach towards achieving long-term success with its clients, powered by a talented pool of software engineers and technology experts.