17 Bahraini Companies to Expand into Saudi Market via Tamkeen-AstroLabs Partnership
Seventeen Bahraini companies are set to expand their operations into the Kingdom of Saudi Arabia through a strategic initiative led by The Labour Fund (Tamkeen) in partnership with AstroLabs. This move is part of Tamkeen’s Overseas Expansion Program, designed to support the international growth of Bahraini enterprises.
Strategic Collaboration for Regional Growth
The partnership between Tamkeen and AstroLabs has successfully onboarded two cohorts of high-potential Bahraini businesses, equipping them to establish and solidify their presence in the lucrative Saudi market. AstroLabs is focused on creating strong growth corridors and providing seamless soft-landing experiences for these companies as they venture into new territory.
Comprehensive Support for Market Entry
AstroLabs will leverage its extensive experience to provide these Bahraini companies with end-to-end services crucial for successful market entry and growth. This support includes business registration, ensuring compliance with local regulations, strategic growth support, and access to essential digital tools and expert consultancy. Furthermore, AstroLabs will facilitate key introductions and help unlock access to the local Saudi market. These 17 companies will join a robust network of over 800 international firms that have successfully expanded into Saudi Arabia with AstroLabs' assistance.
Aligning with Bahrain's National Economic Goals
This initiative is in line with Tamkeen's strategic priorities for 2025, which emphasize enhancing the position and competitiveness of Bahrainis in the private sector. Tamkeen aims to equip Bahraini talent with suitable skills for career development while prioritizing enterprise growth, digitization, sustainability, and the overall development of the labor market and private sector ecosystem in Bahrain.
About Tamkeen (The Labour Fund)
The Labour Fund (Tamkeen) is a public authority in Bahrain tasked with supporting the development of the private sector, making it a key engine of economic growth. Tamkeen offers a range of programs and initiatives designed to meet labor market needs, focusing on employment support, career development, and comprehensive enterprise support programs to help Bahraini businesses thrive and compete globally.
About AstroLabs
AstroLabs is a prominent business expansion and ecosystem builder in the Middle East, enabling high-growth companies to establish, scale, and succeed in new markets. They provide a suite of services including company licensing, market entry consulting, talent acquisition, and co-working spaces. AstroLabs has a strong track record of assisting international and regional businesses in navigating the complexities of expanding into Saudi Arabia and the wider MENA region.
Looking Ahead
The participation of these 17 Bahraini companies in Tamkeen’s Overseas Expansion Program, facilitated by AstroLabs, marks a significant step in fostering cross-border business growth between Bahrain and Saudi Arabia. This program is expected to provide these enterprises with the necessary tools and networks to flourish in one of the region's largest markets, contributing to their own success and the broader economic diversification goals of Bahrain.
Source: AstroLabs Insight