Tamkeen Bahrain extends support to adversely impacted enterprises

Bahrain’s Labour Fund, ‘Tamkeen’, has announced its continuity of support for an additional period of 6 months for organizations operating in exhibitions, conferences, and gyms — all within the Business Continuity Support Program which provides financial support to small and micro enterprises that were severely impacted by COVID-19.

This is in implementation of the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister at the Executive Meeting on February 25th.

The support will also include tour guides working in the tourism and hospitality sector who are registered with the Ministry of Industry, Commerce and Tourism, for a period of six months, in support of them due to the suspension of their activities in implementation of the precautionary measures taken.

The Chief Executive of the Tamkeen Labor Fund, Dr. Ebrahim Mohammad Janahi, said that national efforts are continuing while affirming the continuation of the development process and actively contributing to facing the financial challenges facing the sectors most affected by the consequences of the Corona pandemic. Further explaining that the Kingdom is keen to study the data and developments that faces the market, in order to provide incentive solutions that depend on the sectors that have continued to stop their activities as a result of the decisions of the national medical team and their precautionary measures aimed at preserving the safety of society.

He pointed out that these national endeavors are presented in a motivational framework to support the affected institutions, stressing that this crisis has created opportunities and challenges, as the institutions have to support these efforts by offering innovative alternative solutions based on investment in the renewal of their activities, in line with current and future market data, post-pandemic.

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The number of institutions belonging to the exhibitions and conferences sector that received support through the Tamkeen Business Continuity Program within the previous phases reached 279, while the number of institutions belonging to the gymnasium sector that received support through the Tamkeen Business Continuity Program reached up to 182 institutions.

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