He noted that operational resilience has become a key pillar of economic security amid rapid changes in global supply chains, the expansion of the digital economy, and the accelerating pace of technological transformation. This requires a more efficient and adaptable business environment capable of responding effectively to emerging changes.
Kaiksow highlighted that digital transformation has become a key factor in enhancing business efficiency, accelerating services, and improving decision-making capabilities. He noted that leveraging modern technologies and data across various operational processes contributes to increasing productivity, creating new growth opportunities, and strengthening businesses’ ability to keep pace with rapidly evolving economic conditions.
He explained that the Kingdom of Bahrain has made significant progress in developing its digital infrastructure and smart government services, contributing to enhancing the attractiveness of its business environment and improving the efficiency of various economic sectors. He affirmed that investment in technology and smart solutions represents a direct investment in the sustainability and competitiveness of the national economy.
He added that the Board of Directors of the Bahrain Chamber, chaired by Nabeel Kanoo, places strengthening the private sector’s readiness for the requirements of the digital economy among its priorities, by supporting initiatives that contribute to developing the business environment and enabling national enterprises to keep pace with rapid economic and technological transformations.
He noted that the Chamber will continue to strengthen direct communication channels with various economic sectors to identify emerging challenges and developments and work on formulating practical initiatives and proposals that support the competitiveness of the private sector and enhance its readiness to respond to the requirements of the digital economy.
Kaiksow affirmed that the future of economic services is moving towards greater digital integration and the use of smart technologies to develop the business environment. This will enable businesses to access services, information, and economic opportunities more efficiently and rapidly, while enhancing their ability to make data-driven decisions, anticipate opportunities, and respond flexibly to rapidly changing economic conditions.
He also stressed the importance of continuing efforts to support digital transformation and develop the operational capabilities of businesses, enabling them to enhance productivity, strengthen competitiveness, and ensure business sustainability.
Kaiksow pointed out that SMEs represent a key pillar of the national economy and a major driver of growth and development, underscoring the need to enhance their digital readiness and enable them to benefit from modern technological solutions that improve productivity and strengthen their capacity for growth and sustainability.
He further emphasized the importance of enabling national enterprises to access information, services, and economic opportunities in a more integrated and accessible manner. This would strengthen their ability to capitalize on available investment and trade opportunities, expand into regional and global markets, and increase their contribution to sustainable economic growth.
He added that investing in digital transformation and leveraging data and smart technologies is no longer an option, but a necessity for strengthening the competitiveness of the national economy, enhancing the private sector’s readiness for future requirements, and enabling businesses to grow and innovate in a rapidly changing economic environment. Such efforts will contribute to consolidating the Kingdom of Bahrain’s position as an advanced economic and commercial hub in the region.
