Tamkeen, the Bahrain Labour Fund, has recently introduced a new Business Franchising Programme in collaboration with Export Bahrain and iFranchise Facilities Services LLC. This initiative aims to support Bahraini enterprises in expanding their businesses globally through franchising. The programme offers a range of services to help companies venture into new markets, increase their competitiveness on a global scale, and boost domestic exports. The announcement was made at a recent event attended by key business stakeholders, where the importance of franchising for Bahraini companies was highlighted through a panel discussion.
The programme is designed to provide customised support to Bahraini enterprises at different stages of their franchising journey. It offers assistance in areas such as readiness assessments, market evaluations, strategic partnerships with Export Bahrain, business development support, and guidance in initiating franchising efforts and forming partnerships. According to Tamkeen’s Chief Executive, Maha Abdulhameed Mofeez, franchising is a key avenue for Bahraini products to access global markets and expand their reach. Safa Sharif A. Khaliq, CEO of Export Bahrain, also emphasised the benefits of franchising for Bahraini enterprises in entering international markets.
The collaboration between Tamkeen, Export Bahrain, and iFranchise Facilities Services aligns with Tamkeen’s 2024 strategic priorities, which focus on driving economic impact and supporting the development of the private sector in Bahrain. Mark Seibert, CEO of iFranchise Facilities Services, commended the business-friendly environment in Bahrain and the roles of Tamkeen and Export Bahrain in facilitating the global expansion of Bahraini enterprises. This partnership aims to empower Bahraini businesses to take advantage of franchising opportunities and expand their presence on a global scale.
By offering comprehensive support and guidance, the Business Franchising Programme provides Bahraini enterprises with the tools and resources they need to succeed in franchising their businesses globally. This initiative not only aims to enhance the competitiveness of Bahraini companies but also to boost domestic exports and create more opportunities for growth and expansion. Through strategic alliances with Export Bahrain and expert consultancy services from iFranchise Facilities Services, Bahraini enterprises can access the support they need to navigate the complexities of franchising and expand their presence in international markets.
The new programme is a significant step towards supporting the growth and development of Bahraini enterprises through franchising. By providing tailored assistance and strategic partnerships, Tamkeen, Export Bahrain, and iFranchise Facilities Services are helping Bahraini companies to tap into new markets, increase their global reach, and drive economic growth. Franchising offers an ideal pathway for Bahraini products to reach global markets and the Business Franchising Programme aims to empower enterprises to leverage this opportunity for their benefit. With the support of this programme, Bahraini enterprises can expand their businesses globally and strengthen their position in the international market.
In conclusion, the new Business Franchising Programme launched by Tamkeen, Export Bahrain, and iFranchise Facilities Services is a significant development in supporting Bahraini enterprises in expanding their businesses globally. Through tailored support, strategic partnerships, and expert guidance, this initiative aims to empower Bahraini companies to enter new markets, enhance their global competitiveness, and boost domestic exports. By leveraging franchising as a pathway to international expansion, Bahraini enterprises can access new opportunities for growth and success in the global market. This collaboration aligns with Tamkeen’s strategic priorities and demonstrates a commitment to driving economic impact and supporting the growth of the private sector in Bahrain.
