New Bahrain portal to spur Gulf business ties
Manama, September 6, 2012
A Bahrain subcontracting and partnership exchange portal has been launched by the Industry and Commerce Ministry in co-operation with the Gulf Organisation for Industrial Consulting (GOIC).
It aims to bring together and match enquiries and offers for subcontracting work and outsourcing.
The exchange will also provide technical information on industrial specialities, skill sets and capacities of Bahraini enterprises and engage in matching these skill sets and capacities with the requirements of the buyers.
'The exchange will be an important resource centre for industrial enterprises in the region to strengthen and enlarge their supply chains,' said Industry and Commerce Minister Dr Hassan Fakhro.
'The launch of the Bahrain Subcontracting and Partnership Centre under the umbrella of the ministry represents undoubtedly a milestone in the government's efforts and co-operation with stakeholders locally and regionally to promote and support industrial enterprises in the kingdom.
'It comes parallel with the government's directives and support for these institutions and application handling and industrial partnership with small and medium industries, particularly in Bahrain.'
He said the ministry, in co-operation with the GOIC, would implement the programme handling and industrial partnership which works as an intermediate mechanism to find a consensus and bilateral partnerships between buyers and suppliers,' he said.
'The programme works as a services hub for industrial technical information between the Gulf states to create links between those requesting products or those who have a need for outsourcing.
'The web portal is an easily accessible business portal that seeks to make available to stakeholders in the region a collection of accurate and updated data on industrial subcontracting and business tenders from specific industrial sectors.
'This will be an online, subscription-based information delivery tool, providing access to the region's most comprehensive industrial database collected and analysed by industrial experts.
'This database is a valuable source of information that will be indispensable to carry out buyer-seller matchmaking, take part in tenders and strengthen supply chain relationships,' he added. – TradeArabia News Service
More Finance & Capital Market Stories
- NBAD names key official for Hong Kong
- Commercial Bank of Dubai obtains $450m loan
- EFG Hermes names group co-chief
- Islamic bond issuance in GCC picking up
- Kuwait budget surplus likely to hit $42.4bn
- Bahrain banking sector on road to recovery
- GCC banks' outlook stable, says report
- GBSA panel names new chairperson
- NBK group CEO to step down
- SABB gets Fitch ratings boost