Wednesday 23 May 2018

Bahrain readies SMEs growth plan

Manama, June 20, 2012

Industry and Commerce Minister Dr Hassan Fakhro yesterday pledged government and ministry support to small and medium enterprises (SMEs) to enable them to enhance their capacity and competitiveness locally and regionally.

Plans and strategies have been adopted by the ministry in co-operation with the private sector and institutions concerned, to study and boost the SMEs sector, Dr Fakhro said.

He was chairing the 11th meeting of the main committee to co-ordinate and integrate SMEs' activities in Bahrain.

Dr Fakhro stressed the importance of reviewing and evaluating the SMEs sector.

He said that the ministry is co-ordinating with all parties involved, including stakeholders, in establishing the Bahrain Export Centre.

This includes three stages - determination of project framework and structure, launch of the project's pilot phase and finally launch of the centre and expansion of its operation in full, when the centre will be under the umbrella of the ministry, he said.

The committee discussed the latest developments related to a project to develop a web portal for SMEs in the kingdom, which the ministry plans to implement in collaboration with Tamkeen and the Bahrain Development Bank.

They also reviewed the mechanism for implementing the project, which aims to encourage entrepreneurship culture and promote SMEs.

The Jafcon Consulting Company gave a visual presentation about the project to develop sub-contracting and industrial companies under the ministry's strategic plan, which will bring significant benefits for SMEs, as well as the kingdom's economy in general.

They also discussed the final stages of implementing the programme which currently creates links between SMEs and national companies. There are 30 SMEs which manufacture products locally.

The meeting also discussed the formation of a team to tackle problems faced by the SMEs.

This comes after the ministry held a number of meetings with Bahrain Chamber of Commerce and Industry representatives and government agencies regarding problems faced by SMEs.

The Ministers' Council in a decision commissioned the Industry and Commerce Minister to follow up problems and constraints of SMEs and find solutions.

As a result the ministry has asked all parties to nominate representatives. The working team set up by the ministry will hold meetings with each side separately to discuss problems and constraints and put forward proposals and solutions which the ministry will follow up. A recommendation will be submitted to the Ministers' Council.

The meeting was attended by representatives from EDB, Bahrain Development Bank, inJAz, Tamkeen, Unido, LMRA, Bahrain Businesswomen's Society, Bahrain Businessmen's Society, Public Commission for Protection of Marine Resources, Environment and Wildlife, Supreme Council for Women, Ebdaa Bank, the private sector, Bahrain Small and Medium Enterprises Society and the Municipalities and Urban Planning Affairs Ministry.-TradeArabia News Service

Tags: Bahrain | export | SME | Manama | LMRA | Ministry |

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