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Visit of GCC technical and vocational education directors to new Tamkeen premises
- Bahrain: Thursday, October 30 - 2008 at 16:50
- PRESS RELEASE
GCC directors of technical education and vocational training visited the new Tamkeen (Labour Fund) Premises to meet with officials during which Tamkeen officials briefed them on the objectives and strategic plans of Tamkeen and means of achieving these goals through its Human Capital Development and Private Sector Support programs and initiatives.
The delegation was received by Dr. Ahmed Abdul Ghani Al-Shaikh, Vice President for Enterprise & Human Capital Development and Mr. Yousif Ali, Human Capital development Manager, and a number of other officials.
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Notes and media contacts
Tamkeen (Labour Fund):
The Kingdom of Bahrain has taken vital steps towards a labour market reform which is an essential stride to ensure that the human capital of the country is developed and that employment is made more attractive for localisation as well as to improve performances of businesses. The strive towards labour reform will impact the Kingdom's economy and raise standards of living as well as pose a challenging commitment to the improvement of services in Bahrain.
Formerly known as the Labour Fund, Tamkeen is a semi-autonomous yet independent authority which formulates strategic and operational plans to use the fees collected by the LMRA in order to enhance the overall prosperity of Bahrain by investing in Bahraini employability, job creation, and social support. Hence, the Tamkeen (Labour Fund)'s main objectives are (i) to support Bahrainis to become the employees of choice, and (ii) to support high quality private sector job creation and helping the private sector cope with the impact of labour market reform.
To achieve these objectives, Tamkeen (Labour Fund) will invest (i) in the cost and quality competitiveness of Bahrainis (e.g., reduction of cost of employing Bahrainis relative to expatriates, investment in skill and work ethic development programs of Bahrainis) and tackle employment barriers on both employer and labour market entrants sides through a combination of financial incentives and capability building, and (ii) in supporting the private sector's adjustment to new cost structures by providing access to capital to alleviate short-term cash constraints or improve productivity, and in know-how initiatives that support improvements in productivity and decreased reliance on expatriate labour through spreading management and technical knowledge.
For more enquiries, you may contact:
Ms. Hala A. Suleiman
Marketing Communications Manager
Tamkeen (Labour Fund)
Kingdom of Bahrain
Tel: 17383335/17383327
Fax: 17382352
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