Amman: A total of 99 industrial companies have been awarded non-refundable financial incentives worth approximately JD15 million after emerging successful in the second round of the “Output-Based Incentives” program, a key initiative under the Industrial Support Fund.
According to Jordan News Agency, the incentives cover 47 percent of the total cost of the companies’ development plans, which total nearly JD32 million. This initiative is designed to enhance the competitiveness of national industries, accelerate their growth, and improve their export capabilities.
Minister of Industry, Trade, and Supply Yarub Qudah presided over the signing ceremony and reaffirmed the government’s commitment to supporting the national industrial sector. He emphasized alignment with the Economic Modernization Vision and the directives of His Majesty King Abdullah II. Qudah highlighted that the Industrial Support and Development Fund operates under a legislative framework with governance mechanisms ensuring transparency and objectivity in coordination with the industrial sector.
JD27 million has been allocated in the 2025 draft budget to finance the Fund’s programs, which include the Output-Based Incentives Program, the Industrial Modernization Program, the Export Promotion Program, and the Export Credit Guarantee Program. The financial aid will assist beneficiary companies in modernizing production lines, adopting advanced technologies, obtaining international certifications, and participating in global exhibitions. Additional goals include reducing operational costs and implementing energy and water conservation measures while promoting best practices in social and environmental responsibility.
Qudah disclosed that 394 applications were submitted via the digital platform, all of which underwent rigorous assessments, including field inspections. Of these, 99 companies, representing 25 percent of applicants, were selected. The selected companies include 48 small, 40 medium-sized, and 11 large enterprises, with 30 owned and managed by women. Eight of the chosen firms will be exporting for the first time.
The maximum incentive value was set at JD98,145 for small businesses, JD196,290 for medium-sized enterprises, and JD327,150 for large companies. The development plans are projected to generate JD73 million in increased sales, JD36 million in new exports, and create 1,019 new job opportunities for Jordanian citizens. The initiatives are also expected to reduce energy consumption, water usage, waste production, and raw material consumption significantly.
Qudah mentioned that the government would allocate JD68 million to implement all of the Fund’s programs from its inception in 2022 through the end of 2026, covering beneficiaries from both the first and second rounds. Additional support programs are anticipated in the near future.
Fathi Jaghbir, President of the Jordan and Amman Chambers of Industry, expressed gratitude for the government’s support, which he believes enhances the sector’s competitiveness and global market reach. He highlighted the importance of Jordan’s free trade agreements and affirmed strong institutional cooperation with the Ministry of Industry, Trade, and Supply. Jaghbir concluded by emphasizing the genuine partnership between industrialists and the government, which is expected to stimulate the investment climate and create job opportunities to help reduce unemployment.