50 Bahraini SMEs Supported Within American (CIPE) Project

by BTM

Mon, 10 January 2022

50 Bahraini SMEs Supported Within American (CIPE) Project

Bahrain’s first Business Angels Company, Tenmou, announced plans to support 50 Bahraini SMEs through a partnership with the Centre for International Private Enterprise (CIPE) in the United States, to grow the SMEs sector in Bahrain and increase its contribution to GDP, in line with the government’s recent economic recovery plan.

The 18-month project will support the sustainable growth of Bahraini SMEs through the provision of necessary training and related business support services, investor education and preparedness, policy reform to strengthen Bahrain’s entrepreneurship ecosystem particularly around access to finance, and commercial dialogue between the US and Bahrain to expand the utilisation of the US-Bahrain Free Trade Agreement (FTA) and other bilateral business opportunities.

Under the patronage and in the presence of the Minister of Labour and Social Development, HE Jameel bin Mohammed Ali Humaidan, US State Department representatives, US Embassy Chargé d’Affaires Margaret Nardi and other embassy officials, and several workers in the field of support SMEs in Bahrain, CEO of Tenmou, Nawaf AlKoheji, signed a cooperation agreement with the President of the Center for International Private Enterprise (CIPE), Abdulwahab Alkebsi. 

Two cohorts of 25 SMEs (50 in total) will be provided with specialised training and technical assistance, mentorship and coaching, and a platform for peer learning to achieve sustainable growth.