Entrepreneurship Award shaping economic future: Tamkeen chief

Manama : The Bahrain Award for Entrepreneurship is shaping a bright economic future for the Kingdom, the Chief Executive of Tamkeen, Dr. Ebrahim Janahi has said.

 “Tamkeen has effectively played a positive role in developing this vibrant sector. The contribution of the business sector to the local economy has reached more than BD800 million. Tamkeen has supported more than 35,000 institutions and has trained 95,000 Bahraini nationals,” said Dr. Ebrahim Janahi. The third-edition of the Bahrain Award for Entrepreneurship will be held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and Chairman of the Economic Development Board.“Start-ups make 60% of the projects supported by Tamkeen through its Enterprise Support Scheme. This is a true testament that more Bahraini nationals are opting to start their own businesses and contribute to the growth of the economy,” he said.

“In a recent study conducted by EY, 70% of the youth are interested in establishing their own businesses. This confirms Tamkeen’s efforts to increase its awareness efforts among the youth and encourage them to take entrepreneurship as an alternative to employment,” he added. 

 Organized by Tamkeen, the event is held in association with the Ministry of Industry, Commerce and Tourism, Economic Development Board, Bahrain Development Bank, the Bahrain Chamber of Industry and Commerce and Arab International Centre for Entrepreneurship and Investment region.