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July 4 2022 3:18 PM ˚
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ACI launches grant program for small, medium-sized factories

Officials meet at a press conference announcing the launch of a financial grant program targeting small and medium-sized factories on November 2, 2021. (Photo: Petra)
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AMMAN — The Amman Chamber of Industry (ACI) on Tuesday launched a financial grant program to prop up small and medium-sized factories in the field of digital transformation and industrial automation as part of the EU-funded Jordan Industry 4.0 and Digitalization Innovation Center project, according to the Jordan News Agency, Petra.اضافة اعلان

In a press statement, the ACI said that the grants aim to help companies introduce new industrial practices or smart technologies in order to develop automation, scale up productivity, and raise their readiness for digital transformation.

The launch brought together Minister of Digital Economy and Entrepreneurship Ahmad Hanandeh; Minister of Industry, Trade, and Supply Yousef Shamali; EU Ambassador to Jordan Maria Hadjitheodosiou; and ACI Chairman Fathi Jaghbir.

Jaghbir said that the ACI organized an integrated package of programs and initiatives through cooperating and partnering with universities and incubators to enhance competitiveness in the industrial sector.

The chamber, he noted, will continue to support the industrial sector in building up its technical and administrative capabilities, and developing production through partnerships with relevant national and international institutions to boost competitiveness and create more job opportunities.

Hanandeh stated that companies not currently covered by the ministry's subsidy programs will be covered soon, adding that start-ups the ministry does support will become small and medium-sized companies.

Shamali explained that the Jordan Innovation Center, which is the first of its kind in Kingdom, is managed by the private sector, stressing the importance of developing the Jordanian industries and products amid the rapidly spreading Fourth Industrial Revolution.

Elaborating on the grants, CEO of SAM Engineering Samir Ayasra stated that the program for small and medium-sized factories offers up to 37,000 euros per company, Petra reported.

Meanwhile, Director of the Jordan Industry 4.0 and Digitalization Innovation Center Samer Dimasi said the conditions that must be met by those applying for the grant include the following: The company must be a Jordanian private company registered at a chamber of industry, operating in Jordan for more than two years, with healthy financials for the two years prior to applying.

Furthermore, the company must employ between 10 and 99 workers, and must have revenue of over JD350,000.

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