Manama, Bahrain – Tamkeen, a semi-autonomous government agency, tasked with developing Bahrain’s private sector has decided to support the Bahrain-based business-to-business (B2B) tendering platform, Procural, as part of its effort to create new jobs for Bahrainis. The support will enable Procural to enhance its ability to use cloud-based technology and Artificial Intelligence (AI) to match vendors with buyers.
The move is part of Tamkeen’s Start Your Business program, which is open to SMEs and startups launched within the last three years and offers grants on items such as machinery, marketing, and the implementation of technology. The program encourages budding entrepreneurs and innovators to contribute to the development of the Kingdom’s economy.
“As a key driver of economic development in the Kingdom, Tamkeen is committed to fostering innovation, creating employment opportunities, and leveraging advanced technologies to empower businesses in Bahrain,” Qusay Al Arayedh, Tamkeen’s Chief Growth Officer said. “We believe in the transformative power of cloud-based technology and AI to revolutionize traditional business practices and are committed to supporting ambitious entrepreneurs with their journeys toward success. We believe Procural will be an important addition to the B2B ecosystem, not just in Bahrain, but also across the region.”
Uzair Usman, Procural Co-Founder and CEO, said: “Procural’s platform enhances the way B2B transactions are conducted, increasing efficiency, reducing costs, and boosting competitiveness.”
“With Tamkeen’s support, we hope to expand our business, employ more local talent, overcome certain challenges, refine the platform for a more pleasant customer experience, and become a major marketplace for the region,” he added.
Procural offers a range of features that include cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking. The startup’s comprehensive approach to procurement streamlines the purchasing process, saving businesses time and money while ensuring compliance with procurement policies.