Tamkeen supports Maskati Bros & Co for their factory expansion which will provide tens of jobs for Bahrainis

  • Date: 08-Feb-2023
  • Source: Bizbahrain
  • Sector:Industrial
  • Country:Bahrain
  • Who else needs to know?

Tamkeen supports Maskati Bros & Co for their factory expansion which will provide tens of jobs for Bahrainis

The Labour Fund (Tamkeen) announced its support for Maskati Bros & Co for their factory expansion which will provide approximately 40 job opportunities for Bahrainis and boost productivity of the factory by 40% and increase exports by 15%. This comes in alignment with Tamkeen’s strategic direction which focuses on supporting the expansion of local businesses, enhancing productivity, and creating quality jobs for Bahrainis.

Tamkeen’s support for the Maskati Bros & Co factory is in line with the economic recovery plan which aims to increase the contribution of the manufacturing sector to the GDP, increase national exports and create quality job opportunities for Bahrainis within this sector. This factory expansion will also enhance the supply chains of several local and regional companies. It is worth mentioning that the manufacturing sector contribution to the Kingdom’s GDP in 2021 was 14%, thus making it the second largest non-oil sector. Furthermore, the manufacturing sector is the third largest employer in the labor market as it employs 11% of the private sector workforce.

Maskati Bros & Co was founded in the Kingdom of Bahrain in 1956, and it’s the pioneering company within Maskati Group which includes several companies involved in various activities such as manufacturing (paper and