The Labour Fund (Tamkeen) has signed a memorandum of understanding (MoU) with Saudi Arabia’s Takamol Holdings to explore cooperation in labour market development and skills enhancement, the two organisations announced yesterday.
The agreement aims to facilitate knowledge exchange on initiatives that improve labour market efficiency and support professional development. Tamkeen seeks to leverage Takamol’s expertise to enhance its programmes and boost the competitiveness of Bahraini talent, while also gaining insights into the Saudi labour market.
In return, Takamol will benefit from Tamkeen’s experience in creating job opportunities and fostering career growth for national talent.
The MoU was signed by Tamkeen chief executive Maha Mofeez and Takamol CEO Dr Ahmed Al Yamani.
Ms Mofeez stated the partnership is a “milestone” in Saudi-Bahraini relations, reinforcing collaborative efforts under the Saudi-Bahraini Coordination Council.
Mr Al Yamani praised the strong ties between the two kingdoms, noting the partnership will “contribute to strengthening and enhancing collaboration and knowledge exchange to design innovative solutions” for the labour market.
Takamol Holdings is a key partner in achieving Saudi Arabia’s Vision 2030 goals. The partnership aligns with Tamkeen’s 2025 strategic priorities, which focus on improving the position and competitiveness of Bahrainis in the private sector and supporting enterprise growth.
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