Bahrain sets up new SMEs support centre
Manama, December 31, 2012
The Bahrain Chamber of Commerce and Industry (BCCI) has established a development and support centre for small and medium enterprises (SME) amid the growing importance for the sector.
The new centre will start operating on Wednesday on the ground floor of Bait Al Tijjar in Sanabis, reported the Gulf Daily News, our sister publication.
"The aim of the centre is capacity building of entrepreneurs and SMEs to increase their productivity and competitiveness and play an integral role in the economic development of the kingdom," said BCCI acting chief executive Othman Sharif Al Rayes.
"Supported by the Industry and Commerce Ministry, Unido, Bahrain Development Bank and Family Bank, the centre will deliver financial and non-financial services related to the new enterprise creation and growth," he stated.
"Through national, regional and international partnerships and networking, the centre plans to provide members with consultancy and advisory services, information on markets, laws and regulations," he added.-TradeArabia News Service
More Finance & Capital Market Stories
- IMF 'not worried about Dubai debt obligations'
- Nonoo Exchange opens Riffa branch
- Inflation a risk for strong Saudi economy: IMF
- Ahli United expands key POS service
- BKIC unveils new brand identity
- NBB completes BisB share purchase
- IPIC to use $4bn pipeline payment to repay debt
- UAE sees big foreign capital inflow
- Gulf Capital to raise $360m partly for dividend
- Apicorp posts $109m profit in 2012