Tamkeen wraps up Q1 with significant progress in strategic priorities

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

The Labour Fund (Tamkeen) announced its results for the first quarter of 2023, showcasing significant progress in the previously announced strategic priorities for the year.

The results of the first quarter of this year showcased great progress in strategic priorities due to the focus on quality training and the proactive approach adopted with enterprises, leading Tamkeen to support the employment of over 2,950 Bahrainis, 16% of them in quality jobs in comparison to 11% in the first quarter of last year.

Tamkeen also supported the training of over 2,480 Bahrainis to build their skills and enhance their opportunities to enter the labor market.

Tamkeen focused its efforts on empowering the participation of Bahraini women and facilitating the entry of youth into the labour market.

These efforts resulted in increased support for Bahraini women, with 1,350 women supported for employment and 1,500 women supported for training.

Tamkeen’s support for youth expanded, with the number of Bahrainis aged 35 or below who benefitted from Tamkeen’s support for employment and training reaching more than 4,860.

Tamkeen’s objectives also include empowering the private sector to become the key engine of economic growth in the Kingdom.

Tamkeen supported over 1,800 enterprises of all sizes and across various economic sectors through different types of support such as supporting their operations and their human capital development, with 87% of enterprises supported being SMEs, and 31% of enterprises supported through Tamkeen’s flagship enterprise programs being from key economic sectors.

Maha Mofeez, Chief Executive of the Labour Fund (Tamkeen) praised the achievements realized in the first quarter of the year as she stated, “We are starting the year on a high note with great success in driving our objectives to achieve our main purpose of driving greater economic impact for the Kingdom of Bahrain.

We plan to continue closely monitoring our performance to ensure we are on the right path to achieving our goals.

“We set our key performance indicators to support our organization’s strategy and to help us remain focused on our goals and streamline our efforts in fulfilling them.

These KPIs help us track our progress through the year and ensure that our support is being utilized in an optimal manner” Tamkeen is focused on driving continuous positive impact on the national economy by adopting transparency across all levels, and as such, relevant teams closely monitor the performance of enterprises supported to identify potential violations and take the necessary action.

As a result, Tamkeen took action regarding 61 violations in Q1 of 2023 which represents less than 1% of 7,230 applications processed during Q1.