New initiative to help businesses

Bahrain is launching a new initiative to support small and medium enterprises (SMEs) impacted by the coronavirus crisis.

The Tamkeen scheme aims to provide adversely affected companies with the liquidity to help them continue their operations during this time.

SMEs make up around 96 per cent of business establishments in Bahrain. The scheme will provide financial grants to SMEs with an active commercial registration (CR) or a valid licence.

It follows directives of His Majesty King Hamad to unite national efforts to combat the repercussions of the virus and preserve the health and safety of citizens and residents while continuing the country’s programmes to achieve sustainable development.

Tamkeen chairman Shaikh Mohammed bin Essa Al Khalifa yesterday announced the launch of the Business Continuity Support Programme and said applications will open from tomorrow. It will be available for two weeks to evaluate submitted applications. Interested enterprises can apply through the website www.tamkeen.bh.

They can also call 17383333 or email support@tamkeen.bh.

 

Source: http://www.gdnonline.com/Details/799566/New-initiative-to-help-businesses

 

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