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Analysis

Bahrain Ministry of Industry and Commerce launches initiative to develop national policy for entrepreneurship

The Ministry of Industry and Commerce launches an initiative to develop a national policy for entrepreneurship in the Kingdom of Bahrain in light of Ministry’s strategy concerned with small and medium sector and entrepreneurship.

This came during the 18th meeting of the Main Committee to Coordinate & Integrate SME Activities which was chaired by Dr. Hassan Fakhro in presence of CEO of Injaz Bahrain and Chairperson of Al Salam Bank Shaikha Hessa bint Khalifa bin Hamad Al Khalifa and representatives from Ministries and government and private institutions; Economic Development Board, Tamkeen, Bahrain Chamber of Commerce and Industry, Bahrain Businesswomen Society, Ebdaa Bank, Bahrain Businessmen’s Society, Bahrain small and medium enterprises society, Ministry of Municipal Affairs and Urban Planning, Bahraini Young Entrepreneurs Association, Supreme Council for Environment, and private sector representatives.

The minister stressed on the importance to put a special policy for entrepreneurship sector given the importance of this sector and the economic role played by small and medium enterprises in the national economy, to unite the efforts of the concerned authorities in this regard and unite its visions as well as to create a favorable environment for business, and enhance competitive strength of these institutions in front of global competition, as well as to overcome obstacles to ensure the growth of this sector.

The meeting also discussed the developments of Ministry’s initiative on the issuing of special law for small and medium enterprises, and the most prominent means to integrate small and medium enterprises project in the proposed …

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