Under the patronage of HE Mr. Zayed R. Alzayani, Minister of Industry and Commerce, The Undersecretary of the Ministry of Industry and Commerce, HE Ms. Eman Ahmed Al Doseri inaugurated the 10th Edition of the Annual UN MSMEs Day Summit, which was held under the theme "Innovation, Entrepreneurship and development of micro, small and medium enterprises towards a sustainable green economy - building resilience after the crisis" organized by the (BSMES) Bahrain Small and Medium Enterprises Society in conjunction with the international celebration of this occasion with the participation a number of ambassadors, senior officials in the Ministry and concerned authorities and entrepreneurs, and in the attendance of Dr. Abdulhasan H. Al-Dairi, chairman of Bahrain SMEs Society .
During the conference, Ms. Eman Al Doseri stressed that the Government of the Kingdom of Bahrain gave the utmost attention to the SME sector, whereas Bahrain's Economic Vision 2030 aspires to transition from an oil-based economy to a productive and sustainable globally competitive economy, to create a stimulating environment for entrepreneurship and innovation in order to enhance the competitiveness of SMEs. In an effort to develop start-ups and drive them towards further growth and progress to enhance productivity and sustainable development. The SME Development Council, which is now a successful model for uniting efforts and sharing resources to develop plans, initiatives and programs, was established and aimed at diversifying sources of income and supporting the national economy through five main axes: facilitating financing, facilitating market access, simplifying the business environment, developing skills and promoting innovation with the aim of creating a sustainable, competitive and dynamic local sector.
Since adopting the strategy in February 2018, the Board was able to implement 73% of all initiatives by the end of 2021, which is a catalyst for moving forward in pursuit of providing everything that serves the SME sector, so that the Ministry of Industry and Commerce and its council partners ensure the development and sustainability as an important engine to the national economy.
The Ministry of Industry and Commerce continues its efforts to promote innovation by establishing the Bahrain Centre for Technology and Innovation Transfer in collaboration with the University of Bahrain, to encourage research, development and effective enforcement of intellectual property rights to protect the rights of academics and researchers in order to ensure financial gain for inventors, and commercial employment of scientific research results, as well as licensing and transferring technology to markets, according to the best global practices. Through this cooperation, the Ministry aspires to link the academic sector with the industrial and service productive sectors in the Kingdom, and to build strong connections between higher education institutions on one hand, and emerging institutions and innovative entrepreneurs on the other.
