Startup Exporter Solution launched in Bahrain | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Startup Exporter Solution launched in Bahrain | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Export Bahrain, an initiative of the national SME Development Board, has launched its latest Startup Exporter support solution to help Bahraini businesses enter new markets. The solution aims at encouraging new exporters and SMEs by providing incentive-based grants to overcome liquidity challenges faced by first-time exporters. The move targets first-time exporters serving startups, SMEs and micro-businesses exporting new service and product lines. The solution will allow grants covering up to 20% of the initial value of their first export transaction. Other services include export credit insurance facilities, internalisation and export advisory, export tendering, international retail buyer initiative, export shipping and logistics, export facilitation and deal support, export market intelligence and more. All first-time exporters are entitled to utilise Export Bahrain’s various offerings and services. “Introducing new exporters into the market through the Startup Exporter solution is a critical component of our national strategy to attract more international buyers to small and medium businesses,” Zayed bin Rashid Alzayani, the Minister of Industry, Commerce and Tourism, and Chairman of the SME Development Board said. “Initiatives such as this will serve to incentivise companies to explore new market opportunities and attract global buyers to products and services in Bahrain while helping to accelerate