Tamkeen Supports Career Development for 40 Bahraini Employees at Maskati Bros & Co
The Labour Fund 'Tamkeen' announced its support for wage increments of 35 Bahraini employees at Maskati Bros & Co through the Wage Increment Program, in addition to supporting five employees in taking on leadership and managerial positions as part of the Leadership Employment Program. This initiative aims to empower local talent and enhance their career progression within private sector enterprises. The company will also benefit from Tamkeen's financing support in partnership with local banks to implement its plans for expansion, growth, and doubling its production capacity. This support aligns with Tamkeen's strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritizing enterprise growth, digitization, and sustainability, and supporting the development of the ecosystem surrounding the labor market and private sector. Mr. Khalid Al Bayat, Chief Growth Officer at the Labour Fund (Tamkeen), commented: 'Supporting the career development of Bahraini talent in the private sector through wage increments and facilitating their progression into leadership and executive roles reflects Tamkeen's commitment to positioning Bahrainis as the preferred choice for employment. This is achieved through active partnerships with private sector enterprises that recognize the vital role of national talent in driving productivity and fostering growth. Our support for Maskati Bros & Co is part of this initiative, benefiting 40 Bahraini employees and contributing to the realization of our shared objectives.' Furthermore, Mr. Nawaf Al Maskati, Chief Executive Officer of Maskati Bros & Co affirmed the organization's dedication to supporting national talent, stating: 'We take pride in empowering Bahraini professionals to assume leadership roles within our organization through Tamkeen's career development programs. This stems from our belief in the critical role of Bahraini youth in driving development and their commitment to continuously enhancing their skills, which strengthens their capability to lead teams and achieve positive economic impact.' Established in 1956 in the Kingdom of Bahrain, Maskati Bros & Co is a leading enterprise encompassing multiple companies engaged in various activities, including the manufacturing of paper and its consumer products, plastics, and other goods, alongside trading, financial investments, real estate, and consumer goods. The company also operates in chemicals, electrical equipment, steel products, healthcare, and consulting services for major projects and joint ventures. Its state-of-the-art production facilities have an annual capacity exceeding 75,000 tons.
Tamkeen has introduced various programs designed to support employment and career development for Bahraini professionals, ensuring they remain the first choice of employment in the labor market. Additionally, Tamkeen offers multiple enterprise support programs to strengthen the private sector, positioning it as the main driver of economic growth in the Kingdom.
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