Tamkeen supports YAS Factory’s expansion as well as employment opportunities for Bahrainis

Tamkeen supports YAS Factory’s expansion as well as employment opportunities for Bahrainis

In line with the objectives of the Economic Recovery Plan and the Labour Fund “Tamkeen’s” strategic direction to support local expansion, boost productivity, and incentivize key economic sectors, Tamkeen announced its support for YAS Factory’s expansion, which will employ 40 Bahrainis and increase factory production, expanding exports in the region.

Since 2012, YAS Holding has operated through its subsidiaries, including The Closets International and Yas Factory with showrooms located across the Gulf region. The company specializes in designing, manufacturing, and distributing wooden furniture using premium raw materials. The new production line is expected to reduce raw material imports, increase employment of Bahraini talent to 40 additional employees, and raise its export capacity to neighboring markets.

Tamkeen’s support for YAS Factory is in line with the Industrial Sector Strategy (2022-2026) which was announced as part of the Kingdom’s Economic Recovery Plan, and aims to increase the contribution of the industrial sector to the national GDP, as well as increase industrial local exports and create quality job opportunities for the national workforce. The manufacturing sector contributed to approximately 14% of Bahrain’s real GDP in 2021, making it the second largest non-oil sector. The sector is also the third largest employer in the labor market,