JD30m allocated to Industrial Support and Development Fund

ACI Amman Chamber of Industry
(Photo: Amman Chamber of Industry)
AMMAN — Director of the Industrial Support and Development Fund at the Ministry of Industry, Trade, and Supply, Rami Hammad, announced that JD30 million has been earmarked annually as a budget for the fund to support all manufacturing industrial sectors across the Kingdom.اضافة اعلان

During a training workshop at the Amman Chamber of Industry on Sunday, Hammad provided an explanation of the fund’s four programs, which aim to support a total of 680 industrial establishments during the first phase, in addition to providing 4,900 job opportunities, of which 700 are specifically designated for women.

The first program is concerned with modernizing the industry, to be implemented through the Jordan Enterprise Development Corporation, which will provide small- and medium-sized industrial establishment with financing. The second program, for export promotion, will be implemented by the Export House Company, also for small- and medium-sized industrial establishments.

The third program, involving export credit guarantees, will be implemented through the Jordan Loan Guarantee Company. The fourth program will provide financial incentives to small, medium, and large industrial establishments that achieve specific targets. All programs will provide support in the form of grants.

The ministry launched an e-platform at the end of November to serve those wishing to benefit from the fund, Hammad said. The deadline for applying to the four support programs is February 28.

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