Tamkeen launches updated Riyadat Program

Tamkeen launches updated Riyadat Program

The updated Riyadat program was launched by the Labour Fund (Tamkeen), in partnership with the Supreme Council for Women (SCW) and the Bahrain Development Bank (BDB).

The program provides financing solutions for Bahraini women, enabling them to establish, develop, and expand their business ventures.

Assistant Secretary-General of the Supreme Council for Women Shaikha Deena Bint Rashid Al Khalifa praised the ongoing support provided by the Labour Fund “Tamkeen” and the Bahrain Development Bank to the entrepreneurship ecosystem in Bahrain, noting their their efforts to provide and enhance financing solutions that cater to the establishment and growth of Bahraini women’s business ventures.

She highlighted the positive impact that was witnessed since the launch of the Riyadat program in 2016, and the contribution of this portfolio, along with other local initiatives to enhance the contribution of Bahraini women to the national economy.

She stated that Bahraini women today represent 42% of the owners of active commercial registrations, and 53% of virtual commercial registrations, and that the sustainability of commercial registrations owned by women for more than five years has reached 37%.

She pointed out that the percentage of local exports reached 29%, with the products and services reaching 56 countries, noting that the updated version of the