Tamkeen Supports Employment of Bahrainis at PwC Regional Service Center in Manama

Tamkeen, Bahrain's labor fund, has announced its support for employing Bahraini nationals at PwC's Regional Center for service delivery in Manama, Bahrain. The center aims to provide various professional services to clients across the region and create up to 250 job opportunities for Bahrainis.

The initiative aligns with Tamkeen's efforts to promote the employment of Bahraini citizens and develop their skills in the professional services sector. Tamkeen will provide a comprehensive support package, including training and wage subsidies, to facilitate the hiring of Bahraini professionals at the PwC center.

Why this matters: The establishment of PwC's Regional Service Delivery Center in Bahrain, supported by Tamkeen, is expected to significantly contribute to the country's economic diversification and growth. The creation of high-quality job opportunities for Bahrainis in the professional services sector will help develop the local workforce and enhance Bahrain's position as a regional hub for business services.

Recruitment has already begun for the first wave of 50 Bahraini professionals at the center, which is expected to reach its full operational capacity in the coming years. The project is part of Tamkeen's recently launched programs aimed at supporting the career development and employment of 50,000 Bahrainis annually.

Maha Abdulhameed Mofeez, CEO of Tamkeen, stated, "The center will provide valuable experience to Bahrainis and contribute to the growth of sectors like financial services, which is the highest in terms of remunerative wages for Bahrainis." Financial services contributed 18.1% to Bahrain's GDP in the third quarter of 2023.

PwC selected Bahrain as the location for its Regional Service Delivery Center due to the country's strategic location, favorable investment climate, robust economic infrastructure, and progressive regulations. Mohamed Al Mahroos, PwC's Country Senior Partner in Bahrain, highlighted these factors as key reasons for choosing Bahrain.

Dalal Buhejji, Executive Director of Business Development – Financial Services at Bahrain Economic Development Board, emphasized Bahrain's thriving financial ecosystem and highly skilled workforce as additional factors supporting the expansion plans of leading industry players like PwC.

The establishment of PwC's Regional Service Delivery Center in Bahrain, with support from Tamkeen, marks a significant milestone in the country's efforts to create high-quality employment opportunities for its citizens and strengthen its position as a regional hub for professional services. The initiative is expected to contribute to the growth and development of key sectors, such as financial services, and provide valuable experience to Bahraini professionals.

Key Takeaways

• Tamkeen supports employing Bahrainis at PwC's regional service center in Manama.
• The center aims to create up to 250 job opportunities for Bahrainis in professional services.
• Tamkeen will provide training and wage subsidies to facilitate hiring of Bahraini professionals.
• The center is expected to contribute to Bahrain's economic diversification and growth.
• PwC selected Bahrain due to its strategic location, investment climate, and progressive regulations.