Bahrain Chamber Supports Strategic Push for Sustainable Growth

TDT | Manama

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In his first official visit to the Parliament since assuming office, Bahrain Chamber of Commerce and Industry Chairman Nabeel Khalid Kanoo underscored the importance of unified national efforts to advance the Kingdom’s economic goals and sustainable development.

Kanoo emphasized that the current phase calls for stronger coordination between the legislative and executive branches, alongside private sector institutions, to achieve desired economic outcomes and reinforce Bahrain’s longterm development trajectory.

He expressed deep appreciation for the continued support of the Kingdom’s leadership, praising the vision of His Majesty King Hamad bin Isa Al Khalifa and the commitment to economic development at the highest levels. Kanoo also highlighted the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, noting their significant role in launching impactful economic initiatives, improving economic performance, and enhancing Bahrain’s readiness to face evolving challenges.

During his meeting with the Services Committee at Parliament, Kanoo commended the responsible vision and national focus reflected in the proposed initiatives, stating that they demonstrate a clear understanding of economic challenges and a commitment to balanced, practical solutions that safeguard market stability.

He reaffirmed the Chamber’s full support for recently announced economic measures, particularly the decision to pay the wages of Bahraini employees in the private sector for April 2026 through the unemployment insurance surplus fund. Kanoo described the move as timely and aligned with national priorities.

According to Kanoo, the initiative provides direct support to the national workforce, strengthens job stability for Bahrainis in the private sector, and alleviates financial pressures on business owners—especially micro, small, and medium-sized enterprises, which play a vital role in driving economic growth and job creation.

He added that these initiatives, led by the wage support program and complemented by broader financial and economic measures, reflect a comprehensive strategic vision aimed at reinforcing economic stability, achieving sustainable growth, and ensuring the continued prosperity of Bahrain.

Kanoo further noted that the Chamber views these efforts as a cornerstone for stabilizing the labor market and enhancing the private sector’s ability to adapt to economic changes, ultimately fostering a more resilient business environment and strengthening Bahrain’s regional and global competitiveness.