Economists and media figures stressed the need to promote women’s economic empowerment programmes in order to face the economic and financial challenges facing the Kingdom of Bahrain, arguing that raising women’s contribution to work and special projects would diversify the national economy during oil price fluctuation.
They pointed out that Bahraini woman are leading in launching private projects and capable of providing services and products to the GCC and international markets and highlighted that mot Bahraini women have.
Bahraini women have proved consistently outstanding uniqueness at embarking on the launch of special projects and provide services and products to the GCC and international markets, pointing out that most of the women focus on the Small and Medium Enterprises (SMEs) in hospitality, retail, education, consulting and other business sectors needed by the Bahraini market and where women excelled.
Tamkeen Chief Executiv, Dr. Ebrahim Janahi affirmed that a key part of Tamkeen’s strategy and work comes within the framework of having access to the entrepreneurs and introducing them to Tamkeen’s services and provide their services, support, training and guidance for them so as to promote women’s presence in the private sector.
He underscored the importance of supporting women to turn their ideas and work plans into projects and raise the competitiveness, which is one of the main factors of developing economy.
He highlighted a number of projects carried out by Tamkeen in partnership with the Supreme Council for Women (SCW) to support women economically, including a Memorandum of Understanding (MoU) between the SCW, Tamkeen and Bahrain Development Bank (BDB) regarding the launch tof Bahraini Women Development Portfolio Fund worth a total of $100 million.
Bahraini Media Figure Sawsan Al-Shaer affirmed that Bahrain has a lot of success stories about outstanding women pioneers and entrepreneurs who are able to compete with man in the Bahraini and global markets, but she expressed regrets about the lack of promotion of these success stories.
She called on for the promotion and recognition of success stories in the media in Arabic, English, French and other languages.
She lauded the SCW’s role under the leadership of Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Wife of His Majesty the King and President of the Supreme Council for Women (SCW) at adopting an integrated economic system as a part of the National Strategy for the Advancement of Bahraini Women.
She highlighted the SCW’s cooperation with a number of bodies that support women economically in Bahrain, like Tamkeen, BDB, Creativity Microfinance Bank, Economic Development Board (EDB) and Bahrain Chamber of Commerce and Industry (BCCI).
CEO of Creativity Microfinance Bank Dr. Khalid Al-Ghazawisaid that the support and encouragement Bahraini women receive to launch their private projects is a model on the regional level.
He said “When we participate in conferences and talk about the Bahraini women’s remarkable involvement in the economic sector and the support and motivation given to women, we receive admiration by the delegations of developed countries.”
He pointed out that Creativity Microfinance Bank has an initiative geared towards women and targets women who work from their houses, which s a loan to support women’s projects without guarantees and a repayment period up to 20 months.
This comes within the Bank’s mission to support microfinance projects to enable and develop the skills of the disadvantaged groups, especially women, and to improve their living conditions through the practice of self-employment, and the transition from the nursery interim period to a new level of entrepreneurship.
He added that the bank’s keen interest in supporting women financially is based on the fact that women constitute a large percentage of low-income people and this support can encourage them to engage in new and innovative various projects, to ensure their future and contribute to the expansion of the middle class, which ensures a sustainable national development and achievement of Bahrain Economic Vision 2030.