Manama, Feb. 15 (BNA): The Labour Fund (Tamkeen) held a press conference to introduce its new 2026–2030 strategy and to highlight the fund’s most notable accomplishments since its founding 20 years ago, such as its crucial role in assisting with development and fortifying the private sector to function as the primary driver of the national economy.
Tamkeen announces launch of 2026 – 2030 strategy and celebrates 20th anniversary
In accordance with national priorities and the demands of the next phase, the new strategy was unveiled with an emphasis on focusing support on priority sectors and future skills, which helps to maximize the impact of support and achieve positive returns that directly affect the national economy and Bahrainis.
A group of chief executives and business leaders from the public and private sectors, as well as several Their Excellencies ministers, attended the Tamkeen-organized meeting where the news conference was conducted. In order to promote national directions, bring efforts together, and achieve the intended economic impact, the event evaluated the specifics of the 2026–2030 strategy as well as the accomplishments of the previous 20 years.
Maha Abdulhameed Mofeez, the CEO of Tamkeen, stated at the conference that the fund has helped create a supportive and enabling environment for the private sector’s growth and development over the past 20 years by investing in the skills and abilities of the country’s talent and boosting enterprise growth by giving them support opportunities that allow them to reach their maximum potential for sustainability and growth.
In addition to more than 300,000 opportunities to develop Bahrainis through the fund’s various programs and more than 92,000 opportunities to develop businesses across different sectors and sizes, she noted that over the past 20 years, the fund has contributed more than BHD 2.6 billion to support the national economy through direct and indirect financing. The total value of loans and financing support has also been approximately BHD 920 million.
The fund’s 2026–2030 plan, which is founded on four key priorities, was also examined by her. concentrating the fund’s efforts on areas that, according to data and evidence, have the highest returns for the economy and Bahrainis; helping to create career pathways by implementing programs that connect skills with employment opportunities; implementing creative strategies to encourage the growth and funding of the private sector; and improving the efficacy and efficiency of the fund by creating internal mechanisms and bolstering governance.
“To ensure sustainable impact for the national economy and local talent, the strategy was prepared using multiple methodologies, including analyzing the fund’s current position, incorporating beneficiaries’ views, drawing on regional and international best practices, analyzing future trends, and developing a labor market supply and demand model,” she said.
The priorities of the 2026–2030 strategy will be translated into a set of meticulously planned initiatives to guarantee the attainment of the intended positive impact in compliance with precise performance standards and specified measurement indicators, according to Alya Al Aali, Deputy Chief Executive for Strategy and Insights at Tamkeen.
The “Tamkeen Bahrain” application, which will offer an integrated digital experience that streamlines service access and improves the beneficiary experience, is currently in the process of being launched, she added.
“Newly developed programs that are currently being designed will be announced in the coming period, ensuring their alignment with the new strategic priorities and the current and future needs of the labor market,” stated Khalid Al Bayat, Tamkeen’s Deputy Chief Executive for Programme Development and Delivery.
In order to achieve qualitative indicators across six primary objectives—developing and improving Bahrainis’ skills, facilitating entry into the labor market, offering incentives for employment and career advancement, assisting in the launch of start-ups, assisting in the growth and expansion of small and medium-sized businesses, and reimagining business models—Tamkeen will function under an updated framework for programs and initiatives, he added.
Tamkeen is updating its strategy, directions, and priorities to ensure alignment with labor market changes and needs, meet private sector requirements, strengthen its capacity for growth and expansion, and enable local talent to actively contribute to the desired economic impact and advance economic development. This marks the fund’s sixth strategic cycle.
