Bahrain Chamber of Commerce and Industry (BCCI) recently introduced the Premium Support Path, a strategic initiative aimed at empowering businesses and enhancing economic stability in Bahrain. This new service, according to board member Sawsan Abulhassan, is designed to provide tailored support for companies facing various challenges. The Premium Support Path offers four specialized tracks focusing on bankruptcy procedures, corporate reorganization, liquidation, family business governance, and succession planning to secure their future.
The Corporate Reorganization and Liquidation tracks aim to raise awareness of reorganization and liquidation proceedings, ensure compliance, and streamline bankruptcy procedures. These tracks leverage Bahrain’s Reorganization and Bankruptcy Law to help businesses stabilize and regain financial footing. The Family Business Governance Track provides essential support for family-run enterprises, focusing on governance and succession planning. Moreover, the initiative is tailored to meet the unique needs of various organizations, taking into account the different levels and types of issues they face.
The Premium Support Path reflects BCCI’s commitment to economic resilience and aligns with Bahrain’s economic vision by supporting private sector growth and fostering job creation. The initiative focuses on providing proactive solutions to support businesses not only during times of crisis but also in preparing for future growth and innovation. This initiative comes as a response to economic difficulties beyond Bahrain’s borders, acknowledging global and regional challenges faced by businesses.
The registration for the Premium Support Path is open to all member companies and traders via the BCCI website, ensuring easy access to comprehensive supporting services. Abulhassan emphasized that the support is available to everyone and highlighted the importance of developing Bahrain’s economic vision and achieving resilience to increase the economic contribution of the private sector while fostering innovation. The initiative reinforces BCCI’s dedication to creating a supportive environment for businesses, laying the foundation for sustainable economic development.
Overall, the Premium Support Path introduced by BCCI is a significant step towards empowering businesses and enhancing economic stability in Bahrain. By providing tailored support through specialized tracks focusing on bankruptcy procedures, corporate reorganization, liquidation, and family business governance, the initiative aims to meet the unique needs of various organizations. Through proactive solutions and easy access to comprehensive supporting services, BCCI is committed to supporting businesses and fostering innovation in line with Bahrain’s economic vision and global economic challenges.
