Bahrain has been taking significant leaps forward in supporting local businesses to access global markets, especially with the introduction of innovative financial solutions, and Export Bahrain has partnered with Bahrain Development Bank (BDB), a key supporter of small and medium-sized enterprises (SMEs) in the Kingdom, to launch Export/Finance services. This solution is designed to empower Bahraini entrepreneurs by facilitating international exports of their products and services.
This collaboration establishes a robust framework for providing competitive interest rate financing tailored to the needs of Bahraini SMEs. By addressing the capital requirements necessary for international business expansion, the solution bridges the export financing gap, offering SMEs the liquidity required to cover operational export costs. This strategic move aligns with the 2022-2026 Strategy of the SMEs Development Board, highlighting a commitment to fostering SME growth and competitiveness on a global scale.
An integral part of this solution is the “registration” method. To take advantage of these services, businesses can visit the Export Bahrain website, navigate to our solutions on the Export Financing page, and click to fill out the form. This straightforward process ensures that SMEs can seamlessly access the financial support and resources needed to enhance their export capabilities.
The benefits of Export Finance to businesses include:
- Facilitating Access to Liquidity: Export finance helps businesses secure the necessary funds to cover the costs associated with exporting, ensuring they have the financial resources to manage their operations effectively.
- Access to Sufficient Funding: It allows SMEs to access the funds they need to enter global markets swiftly and efficiently, reducing delays and enhancing their ability to compete internationally.
- Bridging the Export Financing Gap: This service helps bridge the export financing gap for viable enterprises by facilitating access to financing at a low cost, making it easier for SMEs to expand their international footprint without financial strain.
As Bahraini SMEs navigate the complexities of global markets, solutions like these offer a crucial lifeline, enabling them to compete effectively and expand their international presence. The partnership between Export Bahrain and BDB marks a significant milestone in Bahrain’s journey towards becoming a hub for global business and innovation.
