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$75m investment in Bahraini skills training

Bahrain: Sunday, July 06 - 2008 @ 16:53

The initiatives extend to improving the skills of nationals entering the labour market as well as existing employees.

The initiatives are designed to address challenges in the labour market and improve the employability and careers of Bahrainis in the private sector, as well as upgrading the skills of existing employees in order to improve productivity.

Bahrain continues to attract foreign direct investment, drawn by Bahrain’s strategic location as a commercial hub in the Gulf, its open, transparent and liberal economy, as well as its well-integrated, tolerant and hospitable lifestyle. Satisfying the demand for an educated, skilled and diversified workforce is an important part to economic growth and success for Bahrain-based multinational companies.

Shaikh Mohammed bin Essa Mohammed Al Khalifa, Chief Executive of the Bahrain Economic Development Board commented:

“The Economic Development Board (EDB) understands that creating the right employment pool is important for national and international companies alike. As such, the EDB has put into place the initiatives and organisations necessary to be prepared for the changing labour demands. Bahrain aims to be best positioned to address the shortage of skilled labour, a global problem and particularly relevant in the GCC where we have seen phenomenal growth over the last five years.”

To gather the data needed to map out the future strategies, The HCD initiative has commissioned a Skills Gaps study of the job market in Bahrain, one of the most comprehensive ever undertaken.

The Minister of State for Foreign Affairs and Chairman of the Labour Fund H.E. Dr. Nezar bin Sadiq Al Baharna said: “We believe that this will identify future areas of growth, employment potential and above all, highlight the kingdom’s economic development in the years ahead.”

The portfolio of investments includes numerous projects under Skills Gaps Training, Career Progression Programme, Talent Management Programme, as well as initiatives based on market needs. The areas of training include: healthcare, financial services, professional services and information and communications technology.

The HCD initiative actively supports various private sector organisations through financing training, and various training and employment agreements to meet the respective needs of the organisations and investors in the private sector.

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Sunday, July 6- 2008 @ 16:53 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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