Tamkeen inks deal with MAE Aircraft Management to employ Bahrainis

TDT | Manama                                                     

The Daily Tribune – www.newsofbahrain.com

The Labour Fund Tamkeen announced its support for MAE Aircraft Management Company, a joint venture between Asia Cargo Network (ACN) and MENA Aerospace.

This collaboration is set to revolutionize the air cargo industry in Bahrain, with ripple effects on the wider Middle East and North Africa region.

Tamkeen's commitment extends to facilitating employment opportunities for qualified Bahraini pilots and aviation engineers within MAE Aircraft Management Company, reinforcing its dedication to empowering local talent.

This partnership aims to bolster air cargo activities, foster regional growth, and strengthen ties with prominent air transport service companies and aviation service providers.

The Kingdom's strategic location and historical reputation as a regional trade hub allows it to harness significant growth in this vital sector. In 2022, the Transportation and Logistics sector contributed 6.8% to the GDP, offering quality job opportunities for local talent.

“With the shipping and logistics sector being a key focus of the government's economic recovery plan, we are pleased to support MAE Aircraft Management Company, which aligns with our vision to reinforce the Kingdom's position as a regional hub for logistics services,” said Tamkeen Chief Executive Maha Mofeez on the occasion.

“Tamkeen's support will allow Bahraini aviation graduates and engineers to benefit from training and employment opportunities in this growing field.”

This collaboration will allow MAE Aircraft Management Company to offer shipping companies in Bahrain access to advanced services, enhancing the efficiency and competitiveness of the local air freight market.

The venture will drive increased demand across the supply chain and contribute to the overall prosperity of the logistics sector.

With its role as a low-cost freight services provider, MAE Aircraft Management will also serve as a gateway to Asia Cargo Network's operations in the Middle East.

MAE Aircraft Management Company anticipates expanding its regional footprint, contributing to the 6.7% expected annual growth rate of the shipping services market in the Middle East and Africa region, which is expected to reach $27.8 billion by 2028.

“This joint venture between Asia Cargo Network and MENA Aerospace aims to boost the air freight sector in Bahrain and the wider region,” added MAE Aircraft Management Company Board Member, Dr. Muhammad Jumaan.