TDT | Manama The Daily Tribune – www.newsofbahrain.com The Labour Fund Tamkeen announced its support for the Arab Shipbuilding and Repair Yard (ASRY) through wage increases for 550 Bahraini employees. Tamkeen's Wage Increment Program allows enterprises to obtain support for
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The Labour Fund Tamkeen announced its support for the Arab Shipbuilding and Repair Yard (ASRY) through wage increases for 550 Bahraini employees.
Tamkeen’s Wage Increment Program allows enterprises to obtain support for existing employees, fostering the career progression of Bahrainis working in the private sector.
It also encourages employers to retain and reward their staff. Eligible employees, whose salaries do not exceed BHD 1,500, can receive wage increments between 5 and 20%.
Tamkeen Chief Executive, Maha Abdulhameed Mofeez, said, “Logistics services is a cornerstone of the national economy and a pivotal component of Bahrain's economic recovery plan.
It offers substantial employment opportunities for Bahraini talent, and Tamkeen is committed to fueling the sector's growth by supporting the career development of Bahraini professionals, which will be reflected in the increase of their average wages in the private sector."
ASRY General Manager for Support Services and Human Resources Senior Manager, Shaikh Duaij Bin Mohammed Al Khalifa added, “By investing in salary increases for its Bahraini staff, ASRY aims to improve their standard of living, thereby boosting productivity and fostering loyalty, which in turn contributes to the Kingdom's economic advancement.”
The partnership between ASRY and Tamkeen highlights the continuing expansion of Bahrain's logistics sector, which contributed 6.8% to GDP in 2022.
The sector currently employs 38,034 individuals, constituting 6.7% of the Kingdom’s total workforce. During 2021 and 2022, the industry welcomed 5,506 new labor market entrants, a 22% spike.
