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Sunday, November 29 - 2009

Ten ICT players at Gitex with Tamkeen support

Ten Bahraini ICT companies from the private sector are participating at the regional Gitex 2009 show currently going on in Dubai, thanks to support from Tamkeen. This is the second year that Tamkeen has tapped international exposure in Gitex as a means of growth for Bahrain's ICT sector.

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The companies are taking advantage of Tamkeen's innovative Growth Assistance Scheme which aims at enabling ICT companies to enhance their competitiveness and potential to grow through providing them resources and access to expertise to develop their product and marketing strategies.

The Gitex participation was put together to enable these companies to explore opportunities to export to regional and international markets through participating in trade exhibitions and open representative offices abroad.

The support provided by Tamkeen covered space rental charges in addition to the stand production. The participating group will seek to highlight Bahrain's ICT-savvy e-Governance project and the availability of trained HR for the industry and help to create international partnerships that will use Bahrain as a regional hub.

"We have sought to build on the awareness created by last year's participation in Gitex and believe that the Growth Assistance Scheme initiative is a welcome step to showcase the Kingdom's rich capabilities at a regional industry expo and will open new avenues of growth in terms of networking and business opportunities,"

commented Tamkeen's Senior Manager, Private Sector Support, Mr. Mohammed Bucheery.

He continued, "Enabling the participation of ICT companies is part of Tamkeen's larger game-plan to promote growth among Bahrain's private sector. Tamkeen's Enterprise Development Support Programme allows ICT companies to stimulate their development and growth by underwriting or assisting in their technological, management and administrative upgrades, training and also enabling access to world-class consultants who can advise the ICT companies on future plans."

Mr. Bucheery pointed out that Bahrain is in line with other countries such as Singapore, India, Ireland, and Australia, in providing resources to enable ICT companies to enhance their competitiveness and productivity to capture business opportunities internationally.

The companies that participated at Gitex under Tamkeen's umbrella were Gulf Future Business, AlNadeem Information Technology, Hitech, Exceed IT Academy, Microcenter, AlMoayyed Computers, Bin Hindi Informatics, Computer World, Ascentech Telecom, Etmaam Investment.
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Notes and media contacts

Tamkeen:
Tamkeen (Labour Fund) is a semi-autonomous yet independent authority which formulates strategic and operational plans to enhance the overall prosperity of Bahrain by investing in Bahraini employability, job creation and social support. Tamkeen is funded by the fees collected by the LMRA.

Tamkeen's main objectives are to support Bahrainis to become the employees of choice, and to support high quality private sector job creation

To achieve these objectives, Tamkeen will invest 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); in tackling employment barriers on both employer and labour market entrants' sides through a combination of financial incentives and capability building, and 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.

Up to the end of March 2009, Tamkeen is investing more than BD70m in more than 30 projects targeting more than 19,000 Bahrainis and 5,700 SMEs. Programmes are continuously being devised as per Tamkeen's strategy and the numbers of beneficiaries are continuously increasing.

For more information, please contact:
Marketing Communications
Tamkeen (Labour Fund)
Kingdom of Bahrain
Tel: 17383335/17383327
Fax: 17382352

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