|Our Shareholder |
Mumtalakat is the investment company for the Kingdom of Bahrain, and was established in June 2006 by Royal Decree as an independent holding company for the government of Bahrainís strategic non-oil and gas related assets. Mumtalakat was created to align and implement the execution of the governmentís initiatives to pursue value-enhancing opportunities, improve transparency and help achieve operational excellence for its state-owned non-oil and gas related assets. Mumtalakat holds stakes in over 35 commercial enterprises, representing a portfolio value of approximately BD 3.4 billion (U.S.$9.1 billion) as of December 31, 2009 and spanning a variety of sectors, including aluminium production, financial services, telecommunications, real estate, tourism, transportation, and food production.
Message from the Shareholder
Gulf Aviation Academy (GAA) has swiftly established itself as a premier facility for the full range of aviation training requirements in the MENA region.
GAA offers advanced training and employee development for airline employees and is the first of its kind in the region in terms scope and service offering. Its training programmes take advantage of the latest technological developments and the customised products it offers meet the highest international standards in aviation skills training.
Recognised as a key component of Bahrainís aviation sector, GAA is solely owned by Bahrain Mumtalakat Holding Company, the investment arm for the Kingdom of Bahrain. As its shareholder, Mumtalakat is fully committed to providing the necessary support to GAA as it continues to grow and develop.
As the Middle East continues to grow as a vital aviation hub, demand for standardised training from regional carriers, established traditional airlines and emerging low cost provider is set to increase in parallel. The future for GAA is very bright and we look forward to supporting its continued growth.