The Labour Fund (Tamkeen) signed a Memorandum of Understanding (MoU) with Takamol Holdings, a leading company in business services for the labor market and human capital development in the Kingdom of Saudi Arabia.
The MOU aims to explore cooperation between the two organizations in multiple labor market related fields, as well as facilitate knowledge exchange in initiative design to enhance the efficiency of the labor market, support in professional skills development and improving performance and efficiency.
Through this MOU, Tamkeen seeks to benefit from the expertise of Takamol in multiple aspects, enhancing program effectiveness, and boosting the competitiveness of national talent in line with the needs of the labor market. Additionally, Tamkeen will also gain understanding of the labor market development in the Kingdom of Saudi Arabia. Takamol will benefit from Tamkeen’s experience in creating opportunities for national talent to enter the labor market and grow in it.
The agreement was signed by Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund Tamkeen, and His Excellency Dr. Ahmed Abduljabar Al-Yamani, Chief Executive Officer of Takamol, in the presence of officials from both companies as a step that highlights their commitment to enhance and strengthen cooperation and knowledge exchange.
On this occasion, Her Excellency Ms. Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund Tamkeen, reiterated that this partnership represents another milestone in Saudi-Bahraini partnership between the Kingdom of Bahrain and the Kingdom of Saudi Arabia by fostering knowledge and exchanging expertise in program and service development for individuals, noting that this step reinforces all collaborative efforts taking place under the Saudi-Bahraini Coordination Council.
In addition, the Chief Executive Officer of the company Takamol, Dr. Ahmed Abduljabar Al-Yamani, praised the strong ties between the kingdoms, affirming that this partnership will contribute to strengthening and enhancing collaboration and knowledge exchange to design innovative solutions that are backed by the best experience and practices, which will enhance the efficiency and effectiveness of the labor market.
Takamol Holding is one of the leading companies in the Kingdom of Saudi Arabia, serving as a bridge between the public and private sectors, an economic and social enabler, and a key partner in achieving the Vision 2030 goals.
The partnership between Tamkeen and Takamol Holding aligns with Tamkeen’s strategic priorities for 2025, which focus on enhancing the position and competitiveness of Bahrainis in the private sector, equipping Bahrainis with suitable skills for career development in the private sector, and prioritizing enterprise growth, digitization, and sustainability.
