Manama, Jun.1 (BNA): An edict allowing Bahrainis aged 18 to 21 to establish commercial companies and exercise trade activities has come into force.
The move is base on results of a study, jointly conducted by the Ministry of Justice, Islamic Affairs and Endowments, the Ministry of Industry, Commerce and Tourism and the Ministry Youth and Sports Affairs.
His Majesty’s Representative for Charity Works and Youth Affairs, Supreme Council for Youth and Sports (SCYS) Chairman His Highness Shaikh Nasser bin Hamad Al-Khalifa hailed royal directives to empower youth in all fields, particularly the trade sector.
He stressed the importance of the new edict which, he said, would emable Bahraini young people to build a better future by establishing trade projects and small and medium enterprises (SMEs) which represent an integral part of the national economy.
His highlighted the vision of His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier to facilitate the entry of Bahraini young people into the labour market and establish trade companies.
He commended the efforts exerted by the Minister of Justice, Islamic Affairs and Endowments Shaikh Khalid bin Ali Al-Khalifa, the Minister of Industry, Commerce and Tourism Zayed bin Rashid Alzayani and the Minister of Youth and Sports Affairs Aymen bin Tawfiq Almoayyed.
The edict stipulates the regulations allowing minors and people aged 18 to set up trade companies. It represents the fruit yielded by the 2018 Youth Summit, which was one of the initiatives of the national programme to develop the youth and sports sectors.