Bahrain Entrepreneurship Organization Launched to Address Major Issues and Promote the Growth of SMES

The Bahrain Entrepreneurship Organization was recently launched with the objective of addressing entrepreneurship issues and encouraging the growth of Small and Medium Enterprises by providing continued support to young entrepreneurs towards starting and developing their own businesses in the Kingdom of Bahrain. The launch was held in parallel with the goals of Vision 2030 under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, which aims to tap alternative sources of non-oil income to achieve greater economic development.

According to Feryal Abdulla Nass, Chairwoman of the Bahrain Entrepreneurship Organization, the main objectives of Bahrain Entrepreneurship Organization are focused on three main developmental areas: “One, develop a platform to promote innovation and the exchange of experiences in the economic field. Two, support the development of the economy to enhance and encourage competitiveness. Lastly, pave the way towards new opportunities in the development of the youth’s capabilities towards greater innovation and creativity. These platforms for development will be implemented and realized with the support of major entities across industries in the Kingdom of Bahrain.

The launch of Bahrain Entrepreneurship Organization was formally announced on Thursday, 9th May 2019, in the Official Gazette of the Kingdom of Bahrain, in accordance with an edict issued by His Excellency the Minister of Labor and Social Development, Jamil Humaidan. The Organization’s Board of Trustees is composed of 11 distinguished members: Feryal Abdulla Nass as Chairwoman, Sheikha Mariam bint Hamad Al Khalifa as Vice-Chairwoman and Board of Trustee members Shaikha Mariam bint Khalifa Al Khalifa, Huda Al-Alawi, Eman Nooruddin, Doris Martin, Badria Sharif, Emma Al Mansouri, Noora Al Dosari, Yasmin Alhilli and Narise Qambar all of whom were selected based on the diversity of careers, experiences, skills, vocations and a good reputation in the Bahraini business community.

A business plan for the Bahrain Entrepreneurship Organization will focus on the interests of young entrepreneurs, in relation to the great potential and unprecedented support for the local entrepreneurship sector. The Kingdom has become a world-class hub for entrepreneurship, a frequent host of international events such as the Global Entrepreneurship Congress which was held in Bahrain on May 2019. Commenting on the Organization’s staunch support for entrepreneurs, Feryal Nass said: “The Organization has embarked on ideas that strongly believe in the capabilities of young Bahrainis in the entrepreneurship sector and the support provided through the Organization’s programs and objectives will have a significant impact on the development and support of this segment of the market. All forms of support are available to help all Bahrainis enter the business sector as well as to develop their existing businesses. We find it vital to adopt, and support them in order to assist them in reaching a global platform.”

Feryal Nass commended the vital role played by the Kingdom of Bahrain’s leadership and initiative in lending constant support to Bahraini entrepreneurs. She added, ‘’We seek to create an environment that will serve as an advisory and logistical base to uplift business leaders and youth in various fields, as well as to boost projects and promote the successful experiences of young entrepreneurs to become key and active players in the business sector.’’

For more information:
eman.nurruddin@beobahrain.com
www.beobahrain.com