It is the 6th Gulf Business Incubators and Accelerators Conference. This year's theme is "The Future of Gulf Business Incubators... ". A total of 200 participants from six member states of the Gulf Cooperation Council (GCC) attended the opening session on Wednesday.
 

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, affirmed during his opening speech that Bahrain under the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa. The Crown Prince and Prime Minister, His Royal Highness Prince Salman bin Hamad Al Khalifa, places high importance on the economic and investment sectors. As part of the Bahrain Economic Vision 2030, Bahrain is keen to support entrepreneurs and strengthen partnership between the public and private sectors.
 

In attendance were Ali bin Saleh Al Saleh, Chairman of the Shura Council, Jameel Humaidan, Minister of Labour, Osama bin Khalaf Al Asfoor, Minister of Social Development, Abdullah bin Adel Fakhro, Minister of Industry and Commerce, Rawan bint Najeeb Tawfiqi, Minister of Youth Affairs, and Farouk Al Moayyed, Honorary Chairman of the Bahrain Small and Medium Enterprises (SMEs) Development Society.
 
 
 
We honored the sponsors of this conference, including the Minister of Industry and Commerce, the National Bank of Bahrain (NBB), the Labour Fund (Tamkeen), the Bank of Bahrain and Kuwait (BBK), Ahli United Bank (AUB), Export Bahrain, and the Central Bank of Bahrain (CBB) Governor.
 

The Speaker affirmed Bahrain's pride in its national competencies and expertise, institutions, and associations for playing their economic and societal roles through pioneering Bahraini success stories, advanced and facilitating procedures, and a modern legal and legislative system that attracts investment and stimulates entrepreneurship.
 

As a result of the legislative authority's cooperation with the executive authority, Bahrain's investment activity was supported and the appropriate legislative environment was created to remove obstacles and create jobs to support the nation's economy.
 

According to Farouk Al Moayyed, business incubators and accelerators play a very important role in qualifying small traders for the market and providing them with a suitable environment, especially during their early stages of establishment.
 

Entrepreneurs need business incubators to help them transform their innovative ideas into successful commercial ventures.