Strategy for Implementing the Entrepreneurship Development Program
During 2012, the joint mechanism for the economic empowerment of young people was signed between the Union of Arab Chambers and the Arab Regional Center for Training and Development of Entrepreneurs and Investment of the United Nations Development Program (UNIDO) in the Kingdom of Bahrain.
The aim of the agreement is to develop the spirit and culture of entrepreneurship and the establishment of micro, small and medium-sized enterprises in the Arab world through the Arab Chambers of Commerce and in light of the experience of the Arab-Bahraini model to contribute to creating employment opportunities for Arab youth and their entry into the labor market. The private. The program is based on providing a range of support services that help transform entrepreneurial ideas into existing projects as well as the development of micro, small and medium enterprises to enable them to achieve sustained growth and competition in the global markets. The signing mechanism also aims to cooperate in the field of trade concessions and holding seminars, conferences and events specialized in the field of entrepreneurship and investment.
The Arab Center is implementing the "Bahrain-Arab Model" for the development of entrepreneurs and the establishment of micro, small and medium enterprises in 37 countries: Bahrain, Lebanon, Syria, Jordan, Egypt, Tunisia, Sudan, Palestine, Morocco, Yemen, UAE, Kuwait, Saudi Arabia, Iraq, Sierra Leone, Laos, Mozambique, Uruguay, Uganda, Kenya, Zambia, Tanzania Zanzibar, Burkina Faso, Maldives, Bangladesh, Djibouti, Senegal, Kazakhstan, Azerbaijan and China. In cooperation with its strategic partners such as the Islamic Development Bank, the Kuwait Fund for Development, the Arab Gulf Program for United Nations Development Organizations, the Arab Bank for Economic Development in Africa and the Arab Union for Small Enterprise of the League of Arab States.
The ideal mechanism for creating jobs for young people is to refine their ability to set up their own businesses in the economic sectors such as industry, agriculture and services. This mechanism consists of three basic integrated stages: pre-incubation, incubation, and growth.