H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, chaired the seventeenth meeting of the Small and Medium Enterprises Development Council, with the participation of board members, the meeting took place on Sunday 10th of September 2023 in (HQ) Coworking space in Seef Mall, the biggest Coworking space in Bahrain authorized by the Ministry of Industry and Commerce.
H.E. praised the pivotal role of SMEs in growing the national economy, noting the government's full support for this sector.
The meeting included a presentation reviewing the Council's performance indicators for the years (2022 – 2026), followed by a review of the updated target values.
Moreover, Council members also reviewed the developments and achievements of a number of initiatives under progress, as part of the Council's strategic work plan, whereas the Bahrain Development Bank provided an overview of banking solutions for emerging and small and medium enterprises. Export Bahrain also gave a presentation on the latest developments and solutions in export.
For their part, Tamkeen briefed the SDB on the "Startup Bahrain Rounds" initiative, which supports Bahraini startups with potential to grow and expand, by presenting their entrepreneurial ideas to investors for funding and investment.
In conclusion, H.E. the Minister expressed his appreciation to the efforts of members in developing the SMEs sector and enhancing its contribution to the national economy.
