Manama, Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Consort of His Majesty the King and President of the Supreme Council for Women (SCW), has issued Edict (9) of 2024, introducing amendments to the “Imtiyaz” initiative, which was originally established by Edict (10) of 2011 to support young Bahraini entrepreneurs.

The edict renames the initiative to the “Imtiyaz Initiative for Young Bahraini Entrepreneurs” and updates the programme’s guidelines. Previously known as the “Bahraini Female Entrepreneur Honour Seal,” this initiative aims to recognise and support young entrepreneurs who demonstrate exceptional leadership in managing private enterprises and contributing to the national economy while also committing to social responsibility.

The initiative seeks to honour outstanding achievements in entrepreneurship among young Bahraini women, encourage innovation, and highlight the talents and capabilities of young entrepreneurs.

It also promotes an entrepreneurial spirit, fosters creativity, an
d increases the pool of talented young women through support and development.

Additionally, the initiative aims to strengthen partnerships between the SCW and civil society organisations, enhance women’s economic empowerment in line with the National Plan for the Advancement of Bahraini Women, and showcase successful entrepreneurial ventures led by young women.

The initiative also seeks to highlight emerging investment sectors within the Kingdom.

A committee composed of six experts in entrepreneurship will oversee the implementation of the initiative.

This committee is responsible for setting the criteria for the “Imtiyaz” award, evaluating applications, and recommending candidates. The committee’s recommendations will be submitted to the SCW Secretary-General for final approval by HRH Princess Sabeeka.

The edict will be implemented immediately and will be published in the Official Gazette.

Source: Bahrain News Agency