The Ministry of Industry, Trade and Supply signed sub-agreements to provide financial and technical support to about 195 small- and medium-sized enterprises.
Minister of Industry, Trade and Supply 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, at a financial ceiling of JD100,000 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 ceiling of JD50,000 for each.
As for the export credit guarantee support program, it targets about 45 industrial establishments, at a ceiling 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 ceiling of up to JD75,000, JD150,000 and JD250,000 for small, medium and large enterprises, respectively.
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.
Source: Jordan News Agency