MPs urge Tamkeen to launch new programmes supporting businesses

TDT | Manama

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Lawmakers are urging the Labour Fund (Tamkeen) to roll out new programmes for commercial establishments, pointing to the difficulties companies face in accessing trade credit from banks’ tightly controlled “approved lists.”

The proposal, tabled by MPs Jaleela Alawi, Dr Hisham Al Ashiri, Najeeb Al Kuwari, Mohsen Al Asboul and Mo h a m m e d Janahi, aims to introduce new Tamkeen schemes to help registered businesses continue operations and expand. Main proposer Jaleela Alawi said commercial banks maintain short approved lists, making it difficult for new firms to obtain credit. “This reluctance delays growth and holds back progress,” she said, adding that Tamkeen could fill the gap by supporting all registered commercial enterprises.

In response, the Labour Fund said it is keen to assist Bahraini businesses that meet programme requirements, in line with its existing support across the Kingdom’s economic sectors. Tamkeen noted that its schemes are designed to help enterprises at every stage of development — from launching new ideas to expanding locally and regionally.

Tamkeen highlighted several key programmes:

• Start Your Business: Grants of up to 50% to support start-ups and create growth pathways.

• Business Growth : Grants of up to 50% to cover resources and services, helping businesses expand in Bahrain, enter overseas markets, and boost exports.

• Tayseer: Funding solutions run with local banks, covering up to 50% of profit costs to help enterprises establish, grow, and expand.

Parliament’s Services Committee has recommended approval, with all members present backing the proposal, citing public-interest grounds as a reason to move forward.