Manama, April 17 (BNA) The Labor Fund (Tamkeen) held the first meeting of its board of directors for this year to discuss developments in the implementation of its new strategy and programs during the first quarter of the year.
During the meeting, Sheikh Mohammed bin Isa Al Khalifa, Chairman of the Board of Directors, said: “Tamkeen plays a pivotal role in supporting the economy, and we are very proud of Tamkeen’s achievements over the past 15 years, especially in terms of making Bahrainis employees of choice and the private sector the engine of growth in the economy. We will continue We worked in keeping pace with changes in the market to stimulate growth and increase productivity, leading to greater economic impact through our new programs in line with the Kingdom’s national economic recovery plan.”
He added: “During the first quarter of the year, Tamkeen launched 16 programs that were developed with the local workforce and organizations in mind, supporting their growth across the various stages of their careers and business life cycles. We are committed to driving growth and creating impact, and as such, we have provided clear KPIs to measure the effectiveness of our support. Tamkeen will continue to support all sectors through training, employment and investment, with a focus on stimulating sectors with high potential that have the potential to grow our national economy.”
On his part, Hussain Mohamed Ragab, CEO of Tamkeen said: “Tamkeen continues to implement strategic plans based on its primary goal of empowering individuals and organizations committed to development and growth. We opened applications for our new programs a month ago and have already noticed the increasing demand for various support programs. Our clients’ responses across various sectors have been positive, with many praising both the diversity and comprehensiveness of the support provided. We will continue to develop these programs in line with Bahrain’s economic priorities, ensuring that our clients are able to achieve their professional and business goals.”
During the meeting, Board members were given key highlights about Tamkeen’s new programs while receiving updates on Key Performance Indicators (KPIs).
In the past two months, Tamkeen has hosted around 60 virtual mentoring sessions to familiarize the public with human capital and enterprise support programs. These sessions have drawn increasing attention to Tamkeen’s strategic direction and new programs, particularly with regard to digitization, human capital development and employment, as well as increasing institutional investment through local and international expansion.
Tamkeen recently announced a series of partnerships aimed at creating training and employment opportunities for Bahrainis, including a partnership with the General Assembly of the world’s leading technology academy to hone and rehabilitate 1,200 Bahrainis in coding and other emerging technology skills. Another strategic partnership was also announced with Talabat to establish one of the largest regional shared services centers, which will provide 1,000 job opportunities for Bahrainis, with the support of Tamkeen.
This quarter, strategic partnership agreements with eight banks were also announced to provide new financing plans for companies to grow and develop as part of Tamkeen’s new programs. These schemes provide organizations with the capital needed to fuel their expansion both domestically and internationally.
In addition, Tamkeen launched its new online portal in conjunction with the new enterprise and individual support programs as part of Tamkeen’s efforts to improve the customer experience and modernize the application process, linking it more clearly with specific and transparent evaluation criteria based on KPIs.
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