Monday 6 December 2021

Tamkeen's meeting with the Chamber

Tamkeen enters into strategic partnership with the Chamber

MANAMA, October 25, 2021

Labour Fund Tamkeen has entered into a strategic labour market partnership with Bahrain Chamber of Commerce and Industry.
Tamkeen’s cooperation with the Chamber's aims to improve the role of Bahraini institutions, increase their contribution to the national economy, create more high-quality job opportunities for Bahrainis, and use its support to boost institutions' productivity and encourage them to expand their businesses locally and globally, said Shaikh Mohammed bin Essa Al Khalifa, Chairman of the Board of Directors of Tamkeen. 
He stressed that building on the kingdom's economic gains to date necessitates continued solidarity efforts by all parties concerned to keep pace with current market realities in addition to investing in new opportunities, promising sectors, and technology to achieve the highest levels of productivity, growth, and global competitiveness for Bahraini private sector institutions and workers.
The meeting was held in the presence of the Chamber's President,  Sameer Abdulla Nass, and members of the Chamber, during which Shaikh Mohammed bin Essa Al Khalifa introduced the most significant and notable advancements in the framework of Tamkeen's extended support to the private sector.
Shaikh Mohammed further emphasised the importance of building on the results achieved by Bahrain since the launch of the comprehensive reform initiatives by His Majesty the King Hamad bin Isa Al Khalifa, The King of Bahrain, in order to promote the country's holistic development process, in light of the advancements witnessed in regional and global markets, which present promising opportunities for growth and success.
During the meeting, Shaikh Mohammed praised the Chamber's prominent role as a key partner in the private sector's success and growth, as well as its members' participation to establishing the kingdom's unique economic structure. He also emphasised Tamkeen's ongoing efforts to initiate interaction with changing market needs, exploiting prospective growth opportunities to the greatest extent possible for the benefit of the country and its people.
Nass said: “It is essential to ensure that the updates of Tamkeen’s programmes sustain businesses, attain success and excellence, and boost the kingdom's business-incubating ecosystem, which will allow it to play a bigger role in the national economy.” 
Tamkeen's continued efforts to support Bahrainis as a preferred choice in the labour market, as well as encouraging them to pursue entrepreneurship as an alternative path to employment, was lauded by the Chamber's President, who further commented that these efforts serve in strengthening the private sector's role.
This meeting comes as part of a series of consultative and introductory sessions Tamkeen initiated last May prior to the commencement of designing the new programmes in order to receive the private sector's perspectives on the currently offered programmes and market demands in the phase to come.
Furthermore, these meetings take place in the context of Tamkeen's readiness to relaunch the updated version of its programmes aimed at supporting the development of individuals and institutions while achieving positive change and long-term impact on the private sector's growth, as Tamkeen will continue to provide support by ensuring optimal investment in supporting high-productivity and high-growth activities, growing the National Economy and promoting Bahraini employment rates.
In this regard,  Husain Mohammed Rajab, Chief Executive of Tamkeen confirmed that Tamkeen is currently holding a series of meetings with representatives from the private sector from institutions, individuals, and associations, in order to work in an integrated manner toward maximising the outcomes of the support opportunities it provides. 
He also added that this will contribute to transforming the available support opportunities into strengths bringing about significant improvements to institutional performance, workforce skillset, and their role in creating disruption that improves their competitiveness.
Rajab further emphasised the importance of responding to current market conditions and the need for innovative ideas, whether in the manner institutions work or in the ideas of investment projects presented in the market.-- TradeArabia News Service


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