Mumtalakat invests in Racing Force to support local expansion

Manama, Bahrain Mumtalakat Holding Company (Mumtalakat) announced an investment through a fully owned subsidiary in Racing Force, parent company of Racing Force Group (the Group), a world leader in safety systems for motorsports, to address the growing global market demand for motorsports safety products. This investment coincides with the expansion plans of Racing Force Group of its current Bell Racing Helmets factory in Bahrain, which was established in 2014, and to explore growth opportunities in the Kingdom by introducing new brands and a wider range of products. Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat, emphasised that the collaboration with Racing Force aligns with Mumtalakat's strategic objectives to create highly skilled job opportunities for Bahrainis, boost the competitiveness of the Kingdom's specialised industrial sector on a global level, and enhance Bahrain's position as a motorsports hub in the region. The Racing Force Group's Bell Racing Helmets facility in Bahrain has emplo yed 400 Bahrainis since its establishment and all Bell Racing Helmets products are locally made. Since its launch, it has produced and exported 254,000 helmets, 286,000 Mini Helmets, and over 500,000 accessories, highlighting the Kingdom's manufacturing competitiveness on the global stage. Source: Bahrain News Agency