Tamkeen supports expansion of Bahraini enterprises into Saudi market in collaboration with AstroLabs

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

Email: mail@newsobahrain.com

The Labour Fund (Tamkeen) signed a partnership agreement with “AstroLabs”, a leading platform supporting business expansion in the Gulf region.

This collaboration aims to launch a programme designed to encourage Bahraini business owners of various sizes to expand their commercial activities into the neighboring Saudi market, across different economic sectors.

The announcement was made during Tamkeen’s participation in the “Biban 24” forum, organized by the General Authority for Small and Medium Enterprises “Monsha’at” and held under the theme “A Global Destination for Opportunities,” from November 5 to November 9 in the capital, Riyadh.

The Programme will focus on supporting Bahraini entrepreneurs who wish to grow their business and kick off their expansion journey in regional markets.

It will provide specialized advisory support in business development, including a comprehensive introduction into the regulations and laws of the target market, as well as marketing strategies that help highlight products and services in new markets to ensure success.

Participants will also have the opportunity to connect with potential partners, customers and suppliers, enabling them to establish networks to support their expansion.

Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), said: “This Programme is one of our initiatives aimed at supporting private sector companies in line with the Kingdom’s efforts to encourage the expansion of Bahraini businesses and the export of Bahraini products and services.

Through effective partnerships in the programme led by experts and specialists in the target market, participants will be able to minimize potential risks and enhance the chances of success for their business expansion and growth.”

Roland Daher, Chief Executive of “AstroLabs,” expressed his pleasure in this collaboration and added, “Bahrain has always been home to ambitious, innovative companies with real depth, ready to take the next step in their growth journey.

Today, expanding to Saudi Arabia has become the natural next move in this evolution, offering an expansive and rapidly growing market, right next door.

AstroLabs has been the trusted partner for over 650 global companies expanding into Saudi to date, and we’re very excited to collaborate with Tamkeen, a long-standing key driver of Bahrain’s entrepreneurial success.”

This programme will support the growth of Bahraini companies and their expansion into the Saudi market, specifically in the Eastern Region and the cities of Jeddah and Riyadh.