BeVentures and Kanoo Industrial & Energy Forge Strategic Partnership to Advance Energy Innovation

BeVentures, the venture capital arm of Bapco Energies dedicated to investing in high-impact energy ventures, has signed a strategic agreement with Kanoo Industrial & Energy, part of Yusuf Bin Ahmed Kanoo (Holdings) and a leading company supporting energy initiatives.

The collaboration aims to accelerate the development and adoption of innovative technologies, create a robust platform for energy sector deal flow, and strengthen Bahrain’s role as a hub for energy startups and solutions.

Under the agreement, BeVentures and Kanoo Industrial & Energy will identify and share investment opportunities across the GCC and wider MENA region. The partnership also plans to launch pilot projects to test and scale new technologies, positioning Bahrain as a sandbox for energy innovation. Co-investment opportunities that generate value for the Kingdom while advancing its National Energy Strategy will also be explored.

The signing ceremony was attended by Mr. Mark Thomas, Group CEO of Bapco Energies; Mrs. Areije Al Shakar, CEO of BeVentures; Mr. Ali Abdulla Kanoo, Chairman of Kanoo Industrial & Energy; Mr. Fahad Fawzi Kanoo, Board Member; Mr. Manoj K Tripathy, CEO of Kanoo Industrial & Energy; and other senior officials from both organizations.

Commenting on the partnership, Areije Al Shakar, CEO of BeVentures, said:
"This partnership marks an important milestone in building an ecosystem that drives energy innovation. Kanoo Industrial & Energy’s reputation and regional reach make them an ideal partner as we accelerate the implementation of new technologies and unlock growth opportunities for startups and energy ventures."

Ali Abdulla Kanoo, Chairman of Kanoo Industrial & Energy, added:
"This collaboration reflects our commitment to shaping Bahrain’s energy future. By combining our legacy of industrial growth with BeVentures’ focus on innovation, we are creating an ecosystem where new technologies can thrive. Our goal is to generate lasting value for the Kingdom, empower startups, and advance solutions that will define the next era of energy for Bahrain and the region."

Fahad Fawzi Kanoo, Board Member, stated:
"This partnership with BeVentures is a pivotal step in enhancing Bahrain’s role as a regional hub for energy excellence. Through Kanoo Energy Sustainability Solutions (KESS), we remain committed to delivering practical and scalable solutions aligned with the National Energy Strategy. By supporting breakthrough technologies and the next generation of energy ventures, we aim to strengthen Bahrain’s competitiveness and set a benchmark for responsible corporate leadership in the region’s energy transition."