BCCI unveils Premium Support Path to boost business resilience

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

Email: mail@newsobahrain.com

The Bahrain Chamber of Commerce and Industry (BCCI) has introduced the Premium Support Path, a strategic initiative designed to empower businesses and enhance economic stability in Bahrain. Board member Sawsan Abulhassan described the service as a significant step forward in providing tailored support for companies facing various challenges.

“Our goal today is to introduce you to the distinguished service that the Chamber is now providing to members,” she said at a press briefing. “This is a new supporting service; a new qualitative service provided by the Chamber to support and protect members.” The Premium Support Path offers four specialized tracks designed to address essential business needs.

Bankruptcy procedures

The Corporate Reorganization and Liquidation tracks focus on raising awareness of reorganization and liquidation proceedings and their required documentation, ensuring compliance and streamlining bankruptcy procedures. Leveraging Bahrain’s Reorganization and Bankruptcy Law, these tracks aim to help businesses stabilize and regain financial footing. Additionally, the Family Business Governance Track provides essential support for family-run enterprises, focusing on governance and succession planning to secure their future.

Unique needs

Sawsan emphasized that the initiative is tailored to meet the unique needs of various organizations. “Of course, each member has a different need than the next,” she explained. “Our companies - SMEs, large corporations, and family businesses - all have diverse challenges.

We take into account the different levels and types of issues they face and help them overcome these challenges with the best solutions we can offer.” The Premium Support Path reflects BCCI’s broader commitment to economic resilience.

Abulhassan highlighted the initiative’s alignment with Bahrain’s economic vision, particularly in supporting private sector growth and fostering job creation.

Proactive solutions

Providing proactive solutions to support businesses, not only during times of crisis but also in preparing for future growth and innovation, is the focus of BCCI, she noted.

This initiative comes as a response to economic difficulties that extend beyond Bahrain’s borders, acknowledging global and regional challenges.

“We thought about the difficult economic conditions we faced during the previous period,” Abulhassan added. “What the private sector is facing is a regional and global issue, not something specific to Bahrain.” Registration for the Premium Support Path is open to all member companies and traders via the BCCI website, ensuring easy access to these comprehensive supporting services.

“The support is already available to everyone,” Abulhassan confirmed.

“We are developing Bahrain’s economic vision, and we are achieving resilience to increase the economic contribution of the private sector while fostering innovation.”

Through this initiative, BCCI reinforces its dedication to creating a supportive environment for businesses, laying the foundation for sustainable economic development.