Sameer Nass, the Chairman of Bahrain Chamber of Commerce and Industry, affirmed that the initiatives undertaken by the Labor Fund “Tamkeen” in terms of supporting private sector institutions, being the main driver of economic growth, are consistent with the Kingdom’s plans and orientations in achieving sustainable development. Tamkeen’s allocation for 40 million dinars to the “Support Business Continuity” program through offering grants to micro-enterprises and small enterprises that have a commercial registry or an official license to practice their commercial activity, aiming to provide liquidity to address operational aspects in light of the current conditions of the affected institutions, and that would contribute to the revitalization of institutions and individuals affected by the Corona pandemic (COVID-19) to continue their activities, confirming the extent of the Kingdom’s keenness to continue the private sector’s work to maintain the movement of the national economy.”
He pointed out that the work of Tamkeen Labor Fund to reinforce its efforts to focus on reorienting its programs to support private sector institutions affected by the current conditions will contribute to protecting the economic structure in the Kingdom, which the private sector is one of its most important development sides, as well as stimulating economic growth to face all difficulties to achieve ways of development and growth at various levels and at all levels.
Nass emphasized that the Kingdom of Bahrain's rapid and flexible response to confronting the Corona pandemic (COVID-19) by taking an early action package in support of the economic sectors affected by these exceptional circumstances contributed to maintaining the country's economic situation and the stability of the overall local performance, and to continue to maintain economic growth processes.
Source (Bahrain Chamber of Commerce and Industry, Edited)
