Amman: Minister of Industry, Trade and Supply, Engineer Yarub Qudah, announced that the implementation of development plans under the Industrial Support and Development Fund’s programs has led to the creation of 3,227 new job opportunities for Jordanians. This marks a 19% increase, with 1,138 of these positions filled by women, representing a growth rate of 25%.
According to Jordan News Agency, Qudah highlighted that the fund achieved “tangible positive” results in the first round of its programs by enhancing the export and development capabilities of Jordanian industrial companies, thereby generating thousands of job opportunities, primarily for women. Out of 1,400 companies that applied for support, 368 benefited from the first round of the fund’s four programs, with the highest percentage of beneficiaries in the Kingdom’s food industries sector.
Through its platform, the fund received 1,139 applications for the second round of its programs, accepting 102 companies for the Outcome-Based Incentive Program and 43 others for the Export Credit Guarantee Program. Qudah expects the assessment results of the Industrial Modernization and Export Promotion Programs to be released during May and June.
Qudah revealed that exports from participating establishments increased by JOD 118 million, marking a 29% growth rate. This rise was also mirrored in the surge in total sales of beneficiary companies, which grew by JD 533 million, constituting a 28% growth rate. The total cost of the development plans amounted to approximately JD80 million, with the fund contributing JD41 million, representing 51%, while the private sector provided JD39 million, reflecting a direct incentive for private sector investment in development.