The Labor Fund (Tamkeen) signed a Memorandum of Understanding (MoU) with Takamol Holdings, a leading company in business services for the labor market and human capital development in the Kingdom of Saudi Arabia.
The MoU aims to explore cooperation between the two organizations in multiple labor market-related fields, as well as facilitate knowledge exchange in an initiative designed to enhance the efficiency of the labor market, support professional skills development, and improve performance and efficiency.
Through this MoU, Tamkeen seeks to benefit from the expertise of Takamol in multiple aspects, enhancing program effectiveness and boosting the competitiveness of national talent in line with the needs of the labor market.
Additionally, Tamkeen will also gain an understanding of the labor market development in the Kingdom of Saudi Arabia. Takamol will benefit from Tamkeen’s experience in creating opportunities for national talent to enter the labor market and grow in it.
Maha Abdulhameed Mofeez, Chief Executive of the Labor Fund Tamkeen, reiterated that this partnership represents another milestone in the Saudi-Bahraini partnership between the Kingdom of Bahrain and the Kingdom of Saudi Arabia by fostering knowledge and exchanging expertise in program and service development for individuals, noting that this step reinforces all collaborative efforts taking place under the Saudi-Bahraini Coordination Council.
In addition, Dr. Ahmed Abduljabar Al Yamani, the Chief Executive Officer of the company Takamol, commended the strong ties between the kingdoms, noting that this partnership will contribute to strengthening and enhancing collaboration and knowledge exchange to design innovative solutions that are backed by the best experience and practices, which will enhance the efficiency and effectiveness of the labor market.
