AMMAN —
The
Ministry of Industry, Trade, and Supply signed sub-agreements to provide
financial and technical support to about 195 small- and medium-sized
enterprises (SMEs), the Jordan News Agency, Petra, reported.
اضافة اعلان
Minister Yousef
Shamali signed the agreements with executives of the Industry Support and
Development Fund programs, including the Jordan Enterprise Development
Corporation,
Jordan Exports, and Jordan Loan Guarantee Corporation.
The aim is to
develop the products of these establishments through a JD100,000 financial cap
annually for each facility. Grants will also be provided to about 160 small and
medium industrial enterprises to enhance their export readiness, at an annual
cap of JD50,000 for each.
The export credit
guarantee support program targets about 45 industrial establishments, at a cap
of JD35,000 annually for each facility, plus the output-based incentives
program to improve the competitiveness of the Jordanian industry, at an average
of 280 industrial establishments and an annual cap of up to JD75,000, JD150,000
and JD250,000 for small, medium and large enterprises, respectively.
98%
of recently registered firms in Jordan are SMEs and startups. ...These companies generate 50 percent of private-sector GDP
Shamali, who is
also chairman of the Steering Committee of the Industry Development Fund, said
in a press release that the signing of the agreements is part of government
efforts to support the national industry, which will have a key impact on
increasing production, and enhancing the competitiveness of industrial sector
exports and its ability to create job opportunities and reduce unemployment
rates.
The Jordan Startup
Expo, the largest technology expo for empowering startup businesses scheduled
to hold a two-day conference in Amman later this month, said that 98 percent of
recently registered firms in Jordan are SMEs and startups. It said these
companies generate 50 percent of private-sector GDP, and 60 percent of new
employment opportunities.
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