The Bahrain Labor Fund (Tamkeen) has announced support for MAE Aircraft Management Company, a joint venture between Asia Cargo Network (ACN) and Mena Aerospace, to revolutionize Bahrain’s air cargo industry.
Tamkeen’s efforts extend to promoting employment opportunities for qualified Bahraini pilots and aeronautical engineers within MAE Aircraft Management Company, reinforcing its commitment to developing local talent.
This partnership aims to strengthen air cargo activities, foster regional growth and strengthen relationships with prominent air transport service companies and aviation service providers.
employment opportunities
Through this initiative, Tamkeen seeks to create employment opportunities for Bahrainis in the transport and logistics sector, which is the cornerstone of the national economy.
The kingdom’s strategic location and historic reputation as a regional trading hub positions it for significant growth in this important sector. In 2022, the transport and logistics sector contributed 6.8% to its GDP and provided quality employment opportunities for local talent.
“With the shipping and logistics sector becoming a key focus of the government’s economic recovery plan, we are pleased to support MAE Aircraft Management Company, which aligns with our vision to strengthen Saudi Arabia’s position as a regional hub for logistics services. I am pleased,” said Tamkeen. Executive Maha Mofiz.
aviation graduate
“With Tamkeen’s support, Bahraini aviation graduates and engineers will be able to benefit from training and employment opportunities in this growing sector.”
This partnership will enable MAE Aircraft Management Company to provide Bahraini shipping companies with access to advanced services and enhance the efficiency and competitiveness of the local air cargo market. This venture will drive demand growth across the supply chain and contribute to the prosperity of the entire logistics sector.
Due to its role as a low-cost cargo service provider, MAE Aircraft Management also serves as the gateway to Asia Cargo Network’s operations in the Middle East.
MAE Aircraft Management Company expects to expand its regional footprint and contribute to the projected 6.7% annual growth in the Middle East and Africa regional transportation services market, which is expected to reach $27.8 billion by 2028.
air cargo department
“This joint venture between Asia Cargo Networks and Mena Aerospace aims to strengthen the air cargo sector in Bahrain and the wider region,” added Dr Muhammad Jumaan, Director of MAE Aircraft Management Company. .
“We are grateful for Tamkeen’s support and remain committed to investing in Bahraini talent, fostering professional development and supporting national initiatives in the aviation sector. This project will have a positive impact on the local economy. This will position Bahrain as a leading regional logistics hub.”
This strategic partnership highlights the importance of the air cargo sector in Bahrain’s economic landscape. Tamkeen’s support will support economic growth under three pillars: increasing economic participation through new job opportunities for new entrants, expanding career development opportunities available to Bahraini’s workforce, and further developing the private sector through support. It is in line with our 2024 strategic priorities, which focus on impact and the private sector. Improve enterprise productivity and technology adoption.
Mena Aerospace has so far trained 274 Bahrainis in the transport and logistics sector, benefiting from Tamkeen’s wage increase program.
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