SMEs lead post-Covid recovery in Bahrain

SourceGulf Business
SectorEconomy
CountryBahrain

The number of individual commercial registrations in Bahrain is up by a staggering 109 per cent in June, as the SME sector leads the kingdom’s post-Covid recovery. The development comes as the Bahrain government announced plans to subsidise electricity bills for SMEs to the tune of BHD24m ($63.7m) to help bolster national economic growth. In August, the Bahrain Tender Board also announced it had awarded 47 public tenders worth a combined USD$21.8 million to SMEs in the Kingdom in the first half of the year, following a Cabinet decision to boost public spending in the sector. “In Bahrain, SMEs have proven to be a key pillar in the economic diversification strategy, and also play a major role in job creation and have emerged as an increasingly significant contributor to ...read more...