Bahrain is making significant strides in supporting small and medium enterprises (SMEs) and fostering a strong partnership between the public and private sectors. Leena Habib Kassim, a member of the Shura Council, emphasized the importance of this approach in achieving the Bahrain Economic Vision 2023. The SMEs Development Board was established to enhance the entrepreneurship sector and provide necessary support to SMEs. Various initiatives and programs have been introduced, focusing on securing financing, accessing markets, encouraging innovation, developing skills, and simplifying the business environment.
Leena Habib Kassim highlighted Bahrain’s commitment to supporting SMEs during the “Financing the Business Idea” session at the 2nd Economic Parliamentary Forum for the Euro-Mediterranean Region & Gulf. She pointed out that the Supreme Council for Women has played a significant role in empowering and advancing Bahraini women in economic participation. The National Plan for the Advancement of Bahraini Women, with a vision for the phase (2023-2030), aims to support women in emerging economic sectors and align with Bahrain’s Economic Vision 2030.
The partnership between the public and private sectors in Bahrain is crucial for economic growth and achieving the country’s vision for the future. By supporting SMEs and providing the necessary resources and programs, Bahrain is creating a conducive environment for entrepreneurship to thrive. The establishment of the SMEs Development Board demonstrates the government’s commitment to enhancing the entrepreneurship sector and providing support to SMEs in various strategic areas.
Bahrain’s focus on securing financing, accessing markets, encouraging innovation, developing skills, and simplifying the business environment is key to ensuring the success of SMEs in the country. By addressing these five strategic areas, Bahrain is laying the groundwork for sustainable economic growth and development. Initiatives and programs aimed at supporting SMEs are essential for creating opportunities for entrepreneurs and fostering innovation in the business sector. The government’s proactive approach to supporting SMEs sets a positive example for other countries in the region.
Leena Habib Kassim’s participation in the “Financing the Business Idea” session at the Economic Parliamentary Forum highlights Bahrain’s commitment to empowering women in economic participation. The Supreme Council for Women has been instrumental in supporting Bahraini women and advancing their role in the economy. The National Plan for the Advancement of Bahraini Women, with its vision for the phase (2023-2030), reflects Bahrain’s dedication to supporting women in emerging economic sectors and aligning with the country’s economic goals.
In conclusion, Bahrain’s efforts to support SMEs and empower women in economic participation are commendable. The government’s commitment to fostering a strong partnership between the public and private sectors and providing the necessary resources and programs for SMEs demonstrates its dedication to economic growth and development. By focusing on securing financing, accessing markets, encouraging innovation, developing skills, and simplifying the business environment, Bahrain is laying the foundation for a thriving entrepreneurial ecosystem. The initiatives and programs introduced by Bahrain are essential for creating opportunities for entrepreneurs and driving innovation in the business sector.
