The Scheme allows Large Enterprises to acquire industrial machinery and technology to improve performance and expand capacity

Large Enterprises from all sectors may apply

Tamkeen -Bahrain, Monday, Nov 5th 2012 - Awal Gulf Manufacturing Company, a leading refrigeration and air conditioning equipment manufacturer, has received technical back up from Tamkeen through the "Large Enterprise Support Scheme".

The Scheme which is specifically designed to back up large Bahrain-based enterprises has been recently introduced by Tamkeen to provide co-financing support to large Bahraini business enterprises to help them acquire the latest industrial machinery and technology to accelerate growth, expand, diversify operations and achieve further sustainability. Under this scheme, Tamkeen's contribution will be 50%, up to a maximum of BD 150,000, of the cost of the machinery and related costs.

Enterprises seeking to benefit from the Scheme must have an active Commercial Registration Certificate, earn annual revenue equal to or more than BD 5 million and must be able to provide audited financial statements.  Furthermore, the enterprise should commit to hire minimum two Bahrainis or increase the wage of at least 2 existing Bahraini employees by at least BD50 per month. Applications will be evaluated and approved by Tamkeen's Enterprise Development Support team.

Tamkeen VP for Enterprise and Human Capital Development Dr. Ahmed Abdulghani Al-Shaikh said Business firms have received another incentive from Tamkeen with the introduction of "The Large Enterprise Support Scheme". The Scheme is a Tamkeen's strategic initiative that has been developed specifically to support large business Enterprises across all sectors to uplift their capabilities and boost performance".

Awal Gulf Manufacturing co , which specialises in the manufacturing of air conditioners and other electrical equipment, received Tamkeen's support to purchase a number of Machinery and equipment to increase production capacity and enhance on-site  industrial performance.

Mr. Adel Matter, Awal Gulf, Managing Director said " We are very pleased  to be the first company to join this initiative which, we believe will bring new growth opportunities for the company and for Bahrainis. Through Tamkeen's large Enterprise Support Scheme, large enterprises can now keep abreast of the latest trends of industry evolution".  

Tamkeen had announced earlier this year that it has allocated a total of BD104 million dedicated to human capital development and enterprise support of the private sector. Around BD 51 million have been allocated to the various enterprise support programmes for the year 2012.

Tamkeen's Enterprise Development Support  Programme includes: the Business Development Scheme  (Istishara) to assist in the strategic planning and determining vision and goals of the organisation, the Technical Assistance Scheme (Techania) to provide support for the purchase of latest enterprise-related tools and equipment, the Quality Management Systems Scheme (Jawda) to assist in the design and application of world-class quality standards, the Growth Assistance Scheme (Tarweej) to support enterprises' participation in local and international events and exhibitions, and the Marketing Assistance Scheme (Tasweeq) to provide support in the design and implementation of effective marketing and communications strategies, in addition to the Large Enterprises Support Scheme which allows Large Enterprises to acquire industrial machinery and technology.

Business owners interested in benefiting from the Large Enterprises Support Scheme (LES) can visit Tamkeen's Enterprise Development Support Agency at Meral Building located in Seef area, or call, the Scheme Consultant on : 39142624

-Ends-

About Tamkeen
Tamkeen was established in August 2006 as part of Bahrain's national reform initiatives and Bahrain Economic Vision 2030, and is tasked with developing Bahrain's private sector and positioning it as the key driver of economic development.

Tamkeen's two primary objectives are: 1) Fostering the creation and development of enterprises, and 2) Providing support to enhance the productivity and growth of enterprises and individuals.

Under each of those objectives, a number of mechanisms and programmes have been identified based on detailed studies of the labour market to identify current and future gaps for individuals and enterprises and how to address them.

As of December 2011, Tamkeen has injected more than BD 166 million into the private sector through its programmes, targeting over 100,000 Bahrainis and enterprises.

Moreover, it has made in excess of BD 166 million available through its financing portfolio, and enabled over 3,000 Bahrainis find employment, and more than 1,000 enterprises to participate in leading local, regional, and international trade fairs and exhibitions.

In 2012, Tamkeen plans on launching more than 20 new initiatives. These programmes range from training aimed at developing human capital - whether students, employees, employers, or job seekers - to match acquired skills to market requirements, and other programmes which enhance the productivity of individuals through promoting awareness of successful practices in the private sector. For enterprises, Tamkeen provides professional consulting services to raise their performance, and facilitates access to financing to bridge the enterprise financing gap. In addition, Tamkeen is also leading other national initiatives which enhance investments in Bahrain.

Tamkeen's funds come from 50% of the fees collected from the Labour Market Regulatory Authority.

For more information about our programmes, please call:
Marketing Communications Department
Tamkeen
Telephone:  17383327
Fax: 17382352
e-Mail:support@tamkeen.bh   
Website :www.tamkeen.bh
http://www.facebook.com/TamkeenBahrain
http://twitter.com/TamkeenBahrain
http://www.youtube.com/TamkeenBahrain

© Press Release 2012