RCS - Bahrain EDB - Tamkeen Launches Bahrain Skills at Davos

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23/01/2025 08:00

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RNS Number : 3621U  Bahrain Economic Development Board  23 January 2025

Tamkeen Launches 'Bahrain Skills and Gender Parity Accelerator' at Davos

DAVOS, SWITZERLAND / ACCESS Newswire / January 23, 2025 / The Bahrain Labour
Fund (Tamkeen) has partnered with the World Economic Forum (WEF) to launch the
Bahrain Skills and Gender Parity Accelerator. The announcement was made at
Davos, exemplifying the theme of the 55(th )Annual Meeting "Collaboration for
the Intelligent Age," wherein the data-driven accelerator is aimed at closing
the gender skills gap in high-growth industries and at increasing the
participation of the current and next generation of the local Bahraini
workforce.

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In the presence of His Highness Shaikh Isa bin Salman bin Hamad Al Khalifa,
the Chairman of the Board of Trustees of the Isa bin Salman Education
Charitable Trust and Chairman of the Board of Directors the Labour Fund
(Tamkeen) and H.E. Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance
and National Economy, alongside other key dignitaries; the agreement was
signed by H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development,
Chief Executive of Bahrain Economic Development Board in her capacity as a
board member of Tamkeen, also in the presence of Professor Klaus Schwab,
Founder and Chairman of the Board of Trustees, World Economic Forum, Sriram
Guttta, Head of Engagement and Operations and Member of the Executive
Committee and Maroun Kairouz, Director, Middle East and North Africa.

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Bahrain has prioritised building a future-ready workforce by introducing a
strong educational foundation of robust digital and STEM skills training,
reskilling and upskilling its human capital to bridge the gap in global
talent. Having proven itself as a regional leader in gender parity and wage
equality, according to the World Economic Forum's Global Gender Gap Report
2024 (https://pr.report/68qc) , Bahrain has additionally been ranked
within the top five (https://pr.report/68qd)  globally for girls
outperforming boys in learning outcomes, according to Forum and the World
Bank.

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Sriram Gutta, Head, Engagement and Operations and Member of the Executive
Committee, World Economic Forum, said, "Following our successful initial
cycle, which mobilized more than $2.5M in funding and resulted in more than
54,500+ individuals trained, we will continue our collaboration to drive
further progress on reskilling and upskilling in Bahrain. Our second cycle of
work will have a particular focus on increasing gender parity in high growth
sectors and jobs of the future. This initiative joins a network of more than
35 Accelerators championing transformative, local initiatives in their
respective countries."

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The island nation is seeking to provide a blueprint for other governments,
countries and regions by launching this new accelerator, building on its
achievements in developing a highly skilled talent pool. The creation of the
Labour Fund (Tamkeen (https://pr.report/68qe) ) has been a key driver of
Bahrain's progress, where the Fund offers government-backed training and
curated programmes catered to close gender gaps in typically male-dominated
industries. The Labour Fund additionally established Skills Bahrain
(https://pr.report/68qf)  in 2024, an initiative dedicated to unlocking the
full potential of Bahrain's human capital. It collaborates with employers,
training providers, and government organisations to provide market
intelligence and sector-specific data to identify skills gaps across key
sectors in the kingdom.

Through a trailblazing multi-stakeholder partnership model, the accelerator
will be coordinated by Skills Bahrain and led by the Bahrain Economic
Development Board, and the Labour Fund (Tamkeen), with plans to engage in
partnerships with leading entities within the private sector. The subsequent
phases of the launch will download insights from the collective organizations
and leverage the Forum's global research efforts to create a cross-sectoral
analysis to help identify current and future gender skills gaps, forming
instrumental groundwork for an actionable talent development strategy.

Government-led investments in female empowerment and in upskilling Bahrain's
young, bilingual human capital have paid off, earning the country a ranking of
4th Globally for both Women in Managerial Positions and Women with Degrees on
the Institute for Management Development (IMD) World Competitiveness Ranking
2024. The diversity of its workforce and proven standing as a leading service
hub has successfully attracted global industry giants in the likes of AWS and
Citi, the latter of which chose Bahrain as the location for its Global
Technology Hub in 2021, pledging to hire 1,000 Bahraini coders.

# ENDS #

For more information, please contact:

Abdulelah Abdulla

Communications Department

Economic Development Board

Phone: +973-39798919

E-mail: internationalmedia@bahrainedb.com

About Bahrain Economic Development Board (Bahrain EDB)

Bahrain Economic Development Board (Bahrain EDB) is an investment promotion
agency with overall responsibility for attracting investment into the Kingdom
and supporting initiatives that enhance the investment climate.

Bahrain EDB works with the government and both current and prospective
investors to ensure that Bahrain's investment climate is attractive, to
communicate the key strengths, and to identify where opportunities exist for
further economic growth through investment.

Bahrain EDB focuses on several economic sectors that capitalise on Bahrain's
competitive advantages and provide significant investment opportunities. These
sectors include financial services, manufacturing, logistics, ICT and tourism.
For more information on the Bahrain EDB, visit www.bahrainedb.com
(https://pr.report/68qg) .

SOURCE: Bahrain Economic Development Board

 

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