# Tamkeen

Tamkeen is a Government / Public Body based in Manama, Bahrain.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Manama, Bahrain
- **Region:** Middle East
- **Address:** Manama, Bahrain
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** tamkeen.bh
- **LinkedIn:** https://www.linkedin.com/company/tamkeen

## Regulatory record

- **Reports private funds:** No

## About

Bahrain Economic Development Board provides economic development support to the private sector. The company offers training and human capital development programs for students, employees, employers, and job seekers. Programs aim to match acquired skills to market requirements and promote successful private sector practices.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Media & Entertainment
- Education
- Industrial Tech

## People

- Maha Abdulhameed Mofeez — Chief Executive

## Questions

### Who runs investment decisions at Tamkeen?

Tamkeen is led by Chief Executive Maha Abdulhameed Mofeez, who was appointed in 2019. Strategic direction is set by a board of directors chaired by a cabinet-level minister. Investment and program decisions are made through internal committees that evaluate enterprise applications against economic development criteria rather than pure financial returns.

### How is Tamkeen funded?

Tamkeen is primarily funded through a levy on work permits for foreign employees in Bahrain's private sector. This funding structure was established to create a direct link between expatriate labor market activity and the resources available for Bahraini workforce development and enterprise support. The levy rate and collection mechanism are set by government regulation.

### Does Tamkeen operate as a sovereign wealth fund?

No. While government-owned, Tamkeen functions as a labor fund and economic development agency rather than a sovereign wealth fund. Bahrain's sovereign wealth fund is Mumtalakat, which manages state commercial assets. Tamkeen is closer in function to a development finance institution, though its mandate extends beyond financing to include training, wage support, and policy implementation.

### What types of enterprises does Tamkeen support?

Tamkeen supports Bahraini-owned small and medium enterprises across most sectors of the domestic economy. Programs target technology adoption, export readiness, productivity improvement, and business restructuring. Sectors of emphasis under recent strategy shifts include financial technology, digital health, media and entertainment, education services, and advanced manufacturing. Large corporates and foreign-owned businesses are generally not eligible for direct support.

### How is Tamkeen related to Bahrain's Economic Vision 2030?

Tamkeen is a primary implementation vehicle for the private-sector and workforce development pillars of Bahrain's Economic Vision 2030. The fund's programs are designed to operationalize the vision's goals of diversifying the economy, increasing Bahraini private-sector employment, and raising productivity. CEO Maha Mofeez has publicly aligned Tamkeen's program restructuring with Vision 2030 targets.

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Last updated: 2026-06-03T20:00:00.000Z

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