The Kingdom of Bahrain offers a wide range of incentives as part of its efforts to encourage the development of the industrial sector to contribute effectively to the kingdom’s GDP. The Ministry of Industry and Commerce in the Kingdom of Bahrain has designed a set of initiatives to move the industrial sector from empowerment to integration, to achieve the objectives of the Industrial Sector Strategy. The industrial sector enablers in Bahrain include the following programs and initiatives:
Kingdom of Bahrain's In-Country Value in Industry Program aims to measure the contribution of factories to the national economy's development, where industrial establishments can obtain the In-country Value Certificate (Takamul) to be a preferred option in future government purchases.
The iFactories Initiative to support the transformation of the industrial sector toward the "Fourth Industrial Revolution" by measuring factory readiness and its digital maturity in order to enable them to invest in technology infrastructure and automation using the Smart Industry Readiness Index (SIRI).
Made in Bahrain Is a national trademark granted to factories licensed by the Ministry of Industry and Commerce, whose manufactures contain 35% or more local content. The products of the registered factories will gain distinction among buyers in the global markets. Exporters will also be able to print the trademark on the packaging of the registered product, in addition to participating in the marketing activities that include local and international exhibitions.
The Kingdom of Bahrain’s Green Factory Seal incentive scheme aims to encourage factories to go Green through advanced and sustainable production by implementing carbon circular economy and ESG plans. The seal will be granted for eligible licensed factories which will unlock key incentives that will help them achieve their potential in areas related to access to finance, enhanced operations, reach to international markets as well as capacity building.
This Integrated Industrial Partnership For Sustainable Economic Development Initiative aims to achieve integration between the components, capabilities and expertise possessed by partner countries to create industrial opportunities that contribute to diversifying the economy and increasing the competitiveness and flexibility of the industrial sector. The importance of this initiative lies in strengthening partnerships between member countries aiming to feed this promising sector with growth and development boosters.
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Content Last Updated: 13 Oct, 2024
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