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Majles Discusses SME Support Fund
The House of Representatives is currently reviewing a draft law to establish a national fund to support small and medium-sized enterprises, with the aim of boosting employment opportunities and reducing reliance on foreign labor in Bahrain. However, the government views the proposal as redundant and similar to the role of the "Tameen" Fund; it emphasizes that there is no need for a new fund due to the overlapping objectives and a lack of supporting studies. There are also warnings that such a fund could burden the budget and increase costs. The proposal aims to develop the national economy, support investment initiatives, and create job opportunities for citizens, with a focus on promoting entrepreneurship and reducing the dominance of foreign labor in the local market.
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