Bahrain’s Tamkeen to relaunch updated ‘Business Development Program’

Bahrain
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By Amirtha P S, Desk Reporter
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Bahrain’s semi-autonomous government agency, ‘Tamkeen’  labor fund has declared the suspension of applications as of January 10, 2022, until the gradual relaunch of the updated version of its Business Development Program in February 2022.

The applications for other programs including the training and employment support programs will remain open, and customers may continue to apply as usual during this period. 

Mr. Hussain Mohammed Rajab, Chief Executive of Tamkeen, confirmed that this is a step towards the launch of an enhanced and improved version of the business development program. 

Hussain Mohammed Rajab
Hussain Mohammed Rajab
CEO – Tamkeen

“Since inception, Tamkeen has always been vigilant in keeping pace with the economic changes as well as developments in the labor market, and continuously developing targeted support programs and services to cater to the everchanging requirements of the private sector. We have witnessed significant changes in the market recently, and are determined to keep track of the long-term impact of these developments, in order to accordingly develop plans and programs designed to empower the economic contribution of private enterprises in the kingdom of Bahrain. This is also aimed at supporting the transformation of their business models to prioritize productivity, growth, competitiveness and innovation.” 

Mr. Rajab stressed that Tamkeen’s partnership with key players in the private sector from various economic sectors in addition to relevant partners and government entities in the development of these programs, which was achieved through a series of consultative sessions. 

The key objective of these sessions was to make sure the inclusiveness and efficiency of the proposed support plans and their suitability for the current market needs, and opportunities presented to market sectors, taking into consideration the preferences of the national economic recovery plan. 

Further, Tamkeen has recently unveiled its plans for a comprehensive transformation of all its programs and services with the ultimate aim of driving more impact towards performance, and productivity of private enterprises and improving their participation in creating valuable job opportunities for Bahrainis, and empowering local talents to become the preferred choice for employment in the labor market.

Related: Central Bank of Bahrain defers loan installments for extra 6 months

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