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‘Bahrain equipped to support entrepreneurs’

Manama : Bahrain is today equipped to provide comprehensive support to budding entrepreneurs not only within the Kingdom, but also from a large number of developing countries, said Minister of Industry, Commerce & Tourism Zayed bin Rashid Al Zayani.

The minister was speaking while attending an event titled “Promoting Youth Entrepreneurship through Startups” as a keynote speaker. The event, which addressed the success of the Bahrain Model in promoting economic empowerment for youth, was organised jointly by UNIDO and the Investment and Technology Promotion Office (ITPO) in Bahrain.

It was held on the sidelines of UNIDO’s 50th Anniversary celebrations under the theme “Together for a Sustainable Future” and in conjunction with the 20th anniversary of ITPO Bahrain.

During the event, the minister said the Bahrain model of entrepreneurship development, adapted by UNIDO, has gained wide acceptance and is currently implemented in 48 countries from Uruguay to China.

“The UNIDO Centre in Bahrain has invested a lot of efforts to develop best practices in the sphere of entrepreneurship development and our presence here today is a testimony to applaud the significant work done by the Bahrain Investment & Technology Promotion Office of UNIDO,” he said.

The minster noted that the route to sustainable development is through economic empowerment of the people. He added that  the level of success is directly proportionate to the support provided to development of the human capital. 

Developing a vibrant small-medium enterprises sector requires motivated entrepreneurs who challenge themselves to succeed, he added.

At the end of the event, top three winners of the Global Start-up Business Plan Competition were awarded. It was organised by ITPO Bahrain.