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BDB Changing Minds

 

Bahrain Development Bank (BDB) is now focused on more than just start-ups and now concerns itself with changing the ‘safe employment’ of Bahraini society.“Initially, we were involved primarily in encouraging start-ups. But this has changed. We are now tasked with fostering an entrepreneurial and innovative society,”

Bahrain Development Bank Non-Financial Services Deputy General Manager Shaikh Hesham binMohammed Al Khalifa told DT News. “What we are trying to achieve here is to address society as a whole.”He said that it has already been part of the local culture for parents to discourage their newly-graduated offspring from entrepreneurship in favour of a more secure job.“We want to change this mentality. We want to encourage our society to do what it loves. People need to give their skills back to society. Meanwhile, our role is to give them additional business skills and then they can go off to make a living out of it,” said Shaikh Hesham.The entire Entrepreneurship Development Programme takes up to several weeks of coaching, followed by advisory services throughout the start-up phase of the entrepreneur.The success of the programme has led the BDB to specialise the Entrepreneurship Development Programme, which will group entrepreneurs according to their industry which they wish to start their business in.Shaikh Hesham said that their specialised programmes will be launched as early as next month with programmes focusing in ICT, multimedia, agriculture and automotive. At least 50-100 are accommodated in each incubator at a time.The programme is conducted at its subsidiary, the Bahrain Institute of Entrepreneurship and Technology in coordination with the Non-Financial Services Division of BDB.

 

BBIC in partnership with BDB

BDB commenced its operations on January 20, 1992 as the country's leading Development Financial Institution. The Government has entrusted the Bank with a crucial task of promoting investments in Bahrain, with the aim of diversifying the economic base, creating new employment opportunities for Bahrainis and contributing significantly to the overall socio-economic development of the Kingdom.

Bahrain Development Bank offers a wide range of distinctive financial and advisory services specifically designed to meet SME’s special needs. Whether your plan is to launch a new entrepreneurial venture, expand or diversify business in the Kingdom, BDB provides you with advice and support in developing the financial resources for your project since BDB’s core mission is to develop SME’s. 

Over the years, BDB has expanded in delivering an innovative mix of financial products tailored to meet the needs of entrepreneurs and extended to reach out a broader spectrum of economical sectors including manufacturing, tourism, health, education, fisheries, agriculture, Business professional sectors, and other value-added services and activities.

BBIC opens its door in new Hidd facility

BDB commenced its operations on January 20, 1992 as the country's leading Development Financial Institution. The Government has entrusted the Bank with a crucial task of promoting investments in Bahrain, with the aim of diversifying the economic base, creating new employment opportunities for Bahrainis and contributing significantly to the overall socio-economic development of the Kingdom.

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Interview with Mohamed Sheikhaldeen

 

 

In celebration of Innovation, Rowad is highlighting our local talent, and shedding the spotlight on our local innovator Mohamed Sheikhaldeen, the Chief Technology Officer and Co-Founder of EXA Technologies Inc., the world’s Fastest Online Render farm!

Mohamed and his team won several regional and international awards for their innovation. Those include the Intel Business Challenge in the GCC, 1st place in the MENA region, and were awarded as one of the top 8 projects (out of 18,000!) in Intel’s Global Challenge in Silicon Valley. Impressive enough?! Indeed..

 

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