Tamkeen’s Enterprise Growth Management Forum Opens Today

Published October 13th, 2009 - 02:01 GMT

Tamkeen’s Enterprise Growth Management Forum opened - Tuesday morning, 13th October - at the Gulf Hotel. A large number of enterprise owners attended the forum, where Tamkeen highlighted the various programmes specifically designed to support Bahrain’s private sector as part of the economic development the Kingdom is now witnessing.

The forum was attended by Tamkeen’s Chief Executive, Mr. Abdulellah Al-Qassimi and a number of Tamkeen officials and staff. It was also attended by Mr. Jamal Fakhro, executive partner at KPMG Fakhro, and a number of Tamkeen’s partners and enterprise owners who have benefitted from the Enterprise Development Support Programme.  The forum provided the ideal platform to highlight Tamkeen’s various programmes, which seek to boost the performance of Bahraini enterprises and make them more productive, efficient, and competitive, in line with Kingdom of Bahrain's Economic Vision 2030.

Mr. Al-Qassimi opened the forum and thanked Bahrain’s entrepreneurs and business community for attending the event, which aimed to provide an open platform for them to learn about the programmes being offered, which were designed specifically to help their businesses grow and improve their productivity.

Mr. Mohammed Ali Bucheeri, senior manager of private sector support department at Tamkeen, gave a detailed presentation on Tamkeen's strategy and the programmes that enterprises can benefit from. He focused on the Enterprise Development Support Programme, Tamkeen's inaugural program that aims to stimulate the growth of the private sector through support of the business community. The ambitious program offers an integrated support package that includes co-financing, consultation services, and technical assistance, ultimately helping enterprises improve their productivity and efficiency, increase growth opportunities and encourage competitiveness. Mr. Bucheeri also explained the various schemes offered within the Enterprise Development Support Programme, which include: the Business Development Scheme, the Technical Assistance Scheme, the Quality Management Systems Scheme and the Growth Assistance Scheme.

Panel discussions on the various Tamkeen programmes followed, with Tamkeen officials and enterprise owners who benefited from the Programme during the first two years exploring some of the experiences and success stories from that initial period when a total of 914 enterprises benefited. The discussions were moderated by a number of Bahraini experts whose areas of expertise overlap with Tamkeen’s different offerings, allowing them to provide their insights and experiences to the business community as well as interacting with the Bahraini enterprise owners who have aspirations to create real change in their businesses.

Dr. Jasim Al Ajami, an Associate Professor of Financial Sciences, Bahrain University, moderated the first session, which discussed the Mohasaba scheme (an accounting and auditing program), offering insights from his extensive experience in the areas of finance, investment, and banking. Dr. Abdul Rahman Saif, an economic expert, moderated the discussion on the Finance Scheme. Additionally, Mr. Ahmed Al-Hujairy, Vice Chairman and member of the ICT committee - Bahrain Chamber of Commerce and Industry, moderated the third session on ICT based on his extensive experience and knowledge in this field. The final session was moderated by Dr. Mohamed Kameshki, a leading Bahraini business strategist, who explored the Business Development Scheme and the Quality Management Systems Scheme with the rest of the panel members.
The forum also served as the launch platform for a further 1000 enterprises who will benefit from the Enterprise Development Support Programme. A further amount of BD12,350,000 (BD12.350 million), has been allocated to assist these enterprises.

The forum concluded with comments by Jamal Fakhro, Executive Partner at KPMG Fakhro, who briefed the participants on the role of the Enterprise Development Support Agency, which has recently been appointed to manage the next wave of 1000 enterprises. The Agency will be responsible for facilitating the application process, as well as ensuring smooth implementation and management of the overall Programme.

Tamkeen’s Chief Executive, Mr. Abdulellah Al-Qassimi, concluded by saying: "The forum is a first pioneering step for Bahrainis with a clear vision and a real willingness to achieve drastically improve their businesses in particular, and the Bahraini economy in general. Their participation reflects their dedication and interest in using the resources that Tamkeen provides to develop the efficiency and productivity of their enterprises. I am proud to say that Tamkeen is committed to supporting the private sector by providing enterprises with the programmes and solutions they need to realise their objectives and increase their productivity so that the private sector can become the main driving force behind the national economy."

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