Bahrain SME Toolkit to be launched

Manama, May 9 (BNA): Under the Patronage of the Minister of Industry & Commerce Zayed R. Alzayani, the Ministry of Industry and Commerce and the International Finance Corporation "IFC", a member of the World Bank Group, are going to launch the Bahrain SME Toolkit in cooperation with Tamkeen, Bahrain Development Bank and Bahrain Chamber of Commerce & Industry. The event will be held today morning (10 May 2015) in the Palm Hall at Bahrain International Exhibition & Convention Centre. The event comes to support achieving Bahrain’s economic vision of transforming the Kingdom’s oil dependent economy to a more diversified and developed economy that is productive and internationally competitive. Based on this perspective, the Ministry of Industry & commerce ensures providing the continues support to the entrepreneurs, as well as, the micro, small and medium enterprises by using the latest communication and multimedia means to enable the different businesses in the developing markets to learn and apply the sustainable management practices, increase production, quality and capacity, help enhancing the productivity, and increase the opportunities of entering the regional and international markets as well as supporting the commercial consultancy services of the enterprises. On that regard, the Bahrain SME toolkit has been created to provide the SMEs with easily accessible and adequate information at one place along with technologically advanced tools & globally relevant knowledge content on how to expand businesses while filling the gaps in the existing services. The local content of the SME Toolkit varies to include guides on starting and registering a new business, regulatory information, schemes of assistance, investment opportunities, mentoring & export advice, business directories, market and trade statistics, tender information & buy-sell bulletin boards amongst other business related information will complement the globally relevant learning content and tools on various aspects of running a business. During the launch event, an introductory workshop will be conducted to highlight the most important contents of the Toolkit and how to use and benefit from it and the invitation is open to all.