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Labour Fund to work closely with Bahrain’s Young Entrepreneurs Association

Bahrain: Tuesday, March 04 - 2008 @ 16:55

The talks were held during a recent visit of a B.Y.E.A. delegation led by Association President Tarek Khalaf to the LF. According to LF’s Acting Chief Executive Abdulellah Al Qassimi, the roadshow would address SMEs and entrepreneurs in the Kingdom and offer insights into free business practices and programmes provided by parties working closely with entrepreneurs and financing institutions. It would highlight the attractive support, training and funding options offered by the Labour Fund and the support offered by the B.Y.E.A.

“With the business climate in Bahrain on the upswing and a strong infrastructure of support for SMEs and entrepreneurial efforts, we feel the time is right to highlight these advantages,” Al Qassimi said, “The B.Y.E.A. is an apt platform for this since we can reach out to people who are already in entrepreneurial mode.”

Al Qassimi also suggested that the B.Y.E.A. should facilitate the bringing together of SMEs with similar business activities so that they can together benefit from the various programmes offered by the government’s private sector support initiatives and the LF.

Added LF Acting Vice President for Private Sector Support, Mohammed Bucheery, “The roadshow will involve coordinating with the governorates and other institutions concerned to introduce and educate them about the LF’s objectives and programmes in the field of training, development and private sector support.”

Also on the calendar are LF and B.Y.E.A.-backed training programmes, to train and develop current entrepreneurs wishing to practice free business. These will be internationally accredited. B.Y.E.A. President Tarek Khalaf also suggested that the LF should support the Association’s initiative to establish a company where a number of the Association members can participate in building businesses.

The Labour Fund will also look into new initiatives in the future to support start-up businesses and entrepreneurs as opposed to established companies.

The B.Y.E.A. delegation also comprised of Association members Ibtisam Abdul Rahman Hijris and Abdul Khaliq Milad.

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Tuesday, March 4- 2008 @ 16:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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