AS PART OF A NEW PROGRAM TO BOOST ENTREPRENEURSHIP IN BAHRAIN, WDI IS SUPPORTING A FOCUSED AND PERSONALIZED MENTORSHIP PROGRAM
Similar to the other natural resource-based economies in the Gulf Cooperation Council (GCC) region, the Bahraini economy relies primarily on the oil industry and the public sector. However, with the strategic vision of the Bahraini government to reduce reliance on oil revenues through private sector growth and investment, that’s set to change. Bahrain is working to diversify its economy in sectors such as services, manufacturing and technology by enabling entrepreneurs and micro, small and medium-sized enterprises (MSMEs) in those fields to scale up their businesses.
The William Davidson Institute (WDI) at the University of Michigan is supporting a new project funded by the United States Department of State and implemented by the Center for International Private Enterprise (CIPE) in collaboration with a consortium of partners. The project seeks to unleash the growth potential of Bahraini MSMEs — an objective that has frequently brought WDI and CIPE together through projects in the past.