Bahrain's sovereign wealth fund Mumtalakat is understood to be holding discussions for a potential investment in Japanese Softbank's $100bn Vision Fund.

Mahmood al-Kooheji, CEO of Mumtalakat, tells MEED they are keen to invest in the fund citing that it "falls within our bigger strategy of focusing in growth areas."

However, the executive declined to confirm that status or progress of negotiations. "I am not confirming anything at this point... we will make an announcement when a deal is done."

If negotiations are successful, Mumtalakat will be the third GCC-based organisation to contribute to the fund, which obtained $93bn in commitments last year.

Two other sovereign funds, Saudi Arabia's Public Investment Fund (PIF) and Abu Dhabi's Mubadala Investment Company, last year  agreed to contribute $50bn and $15bn, respectively, to the Vision Fund.

Other investors in the Vision Fund include technology giants Apple, Foxconn Technology Group, Qualcomm Incorporated and Sharp Corporation.

Managed by Softbank, the fund will seek to acquire long-term investments including minority and majority interests in both private and public companies, from emerging technology businesses to established, multibillion dollar companies requiring substantial growth funding.

It will invest across various technology sectors including: internet-of-things, artificial intelligence, robotics, mobile applications and computing, communications infrastructure and telecoms, computational biology and data-driven business models and financial technology.