Manama – The Bahraini government confirmed that the ongoing Bahrain Business Support programs provide a safety net for companies and factories facing financial challenges. Authorities stressed that state assistance continues to protect businesses, especially those at risk of bankruptcy.
In a written reply to Parliament, officials said they reviewed urgent calls for additional state backing for commercial firms. They noted that support is already available through Tamkeen, the Labour Fund, partnerships with local banks, and updates to reorganisation and bankruptcy laws.
The government emphasized its commitment to the private sector as a partner in sustainable development. Agencies work to clear obstacles for businesses that drive Bahrain’s economy and employ local workers, provided firms meet Tamkeen’s requirements.
Support covers multiple sectors, including industry. Programs include grants to buy machinery, access to financing, and receive bank-backed funding. Tamkeen also provides training programs for industrial workers, a priority area for growth and job creation.
Moreover, Tamkeen works with distressed companies that play a key role in Bahrain’s commercial activity. The aim is to offer tailored support, help settle financial positions, restore operations, and protect employment.
The government highlighted the pandemic-era ‘Business Continuity Support’ program. Launched in April 2020, it injected more than BD63 million to assist over 22,000 businesses with operational needs and continuity during COVID-19.
Following the pandemic, the Economic Recovery Plan began in 2021. Authorities reintroduced programs to support business growth, protect jobs, and boost career development for Bahraini citizens.
The Central Bank of Bahrain is also working with creditor banks. Together, they aim to manage financial pressures on companies and propose solutions to protect businesses and jobs.
Officials are reviewing updates to the Reorganisation and Bankruptcy Law, Law No. 22 of 2018. These updates are in collaboration with banks and include measures linked to parliamentary requests.
The government concluded that the parliamentary request had been addressed. It also reaffirmed its commitment to working closely with lawmakers. The Bahrain Business Support framework demonstrates a strong commitment to private-sector resilience and economic stability.
