The Mohammed bin Rashid Al Maktoum Foundation (MBRF) has launched a training programme to develop the entrepreneurship skills of young Bahrainis.

Organised in collaboration with the Bahrain Development Bank and its affiliate - the Bahrain Business Incubator Centre, the programme is the first of its kind to be held in Bahrain. The initiative will be held in two batches, drawing an overall participation of about 150 young entrepreneurs.

The training programme is part of an action plan set earlier this year by the MBRF and is being held under the umbrella of the Arab Incubators Network.

“The programme will offer a solid launch platform and equip the young and aspiring entrepreneurs with the know-how to understand and interact with markets, prior to setting up successful business ventures,” stated Sultan Lootah, vice-president - Entrepreneurship and Employment Sector, MBRF.

“The training model that we are aiming to disseminate in Bahrain has achieved much success in other developed countries, proving that capacity building is a necessity and a change tool that measures the evolution of a civilisation. As a development bank, we adopt Bahraini citizens and develop their skills through carefully designed training methodologies,'  added Nedhal Al Aujan, chief executive officer, Bahrain Development Bank.

The training modules will cover a variety of subjects related to entrepreneurship such as planning, execution and management. It will also offer participants tools to develop business plans, analyse markets, manage finances and identify new ideas that will provide support and sustain the project. Moreover, the courses will enrich the participants’ knowledge, tone their managerial and creative skills, and empower them to set up successful projects that will eventually contribute to the economic development of Bahrain.

Sultan Lootah distributed certificates to participants on their successful completion of the training programme.-TradeArabia News Service