Bahraini manufacturers have been invited to take advantage of the ‘Takamul’ programme which now opens up new doors for participation in Saudi tenders.
Launched last year by the government to give a competitive edge to local companies in government tenders, the initiative assesses a company’s ‘In-Country Value’ (ICV) based on factors like local spending and hiring.
Companies that meet the specified criteria and percentages earn a coveted Takamul certificate that grants them a 10 per cent advantage in Bahrain government contracts.
Delivering a presentation at the Bahrain Chamber yesterday, Dr Khaled Al Alawi, assistant undersecretary for industrial development in the Industry and Commerce Ministry, said the recent agreement with Saudi Arabia allows Bahraini firms holding this certification to be treated on par with Saudi companies that are meeting Saudi ICV norms in government procurement and dealings with Aramco.
“This opens exciting new doors for participation in Saudi tenders,” he explained, addressing local industrial companies.
Industrial establishments with a valid licence from the Industry and Commerce Ministry can participate in the programme.
According to Dr Al Alawi, the process to obtain the In-Country Value Certificate involves three key steps: First, industrial establishments must partner with an approved audit firm in Bahrain to assess and verify their ICV metrics. This firm will then issue an ICV audited report.
Second, the establishment needs to complete the application form and submit it along with the audit report to the Industry and Commerce Ministry website. Finally, the ministry will review the application, verify all requirements are met, and upon approval, issue the ICV Certificate.”
A preliminary study by the government found that BD76 million worth of industrial products imported into the country could be procured locally.
“Essentially, Takamul functions as a catalyst for cross-border trade, enabling Bahraini businesses to compete on a level playing field with their Saudi counterparts. This parity in procurement processes eliminates trade barriers and creates a conducive environment for Bahraini companies to showcase their products and services to a wider consumer base. As a result, local businesses can expect increased revenue streams, job creation, and technological advancements,” Dr Al Alawi concluded.
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