The Ministry of Industry, Trade and Supply and Export House Company launched the second round of the Export Promotion Program, one of the Industry Support and Development Fund's programs, on Thursday at the Amman Chamber of Industry. An introductory workshop was organized in cooperation with the Amman and Jordan Chambers of Industry, with significant attendance from industrial company representatives.

The Director of the Industry Support and Development Fund Programs Management Unit, Engineer Rami Hammad, explained at the beginning of the meeting that 30 million dinars have been allocated annually as a budget for the Industry Support and Development Fund. This covers all manufacturing sectors in the Kingdom regardless of region and facility size, and includes 4 support programs. A platform has been created to receive support requests and benefit from the fund's programs, which aims to help reduce the burden of production costs and other costs facing national industry, thereby enhancing its competitiveness in local and global markets.


Hammad added that the Export Promotion Program is a financial grant with a ceiling of 50,000 dinars for each small or medium industrial facility, with a funding ratio ranging between 50-70 percent of the total cost of the export promotion plan. The program aims to support companies' readiness and help them export and increase their ability to enter new markets.
For her part, Export House Company's Export Promotion Program Director, Engineer Majd Maragha, explained the conditions for benefiting from the Export Promotion Program and the mechanism for submitting applications. She clarified that the program includes supporting approximately 70 industrial companies through non-refundable financial grants under specific conditions and criteria. The grant provided by the program will cover between 50% and 70% of the total implementation cost, while companies must cover between 30% and 50% of the required funding. Additional funding increases will be granted according to criteria related to a 10% increase if the applicant is from small enterprises, plus an additional 10% if the industrial enterprise applying is owned or managed by businesswomen.

She indicated that among the program's conditions, the applying company must have been established for at least one year, must not have zero total sales during 2023 according to audited financial statements, must be operational and 100% privately owned, and for public shareholding industrial facilities, government ownership must not exceed 5%. It also includes having the financial solvency to cover their share of the project's total cost, achieving a local added value of not less than 30% according to current legislation (excluding basic materials mining), and the project submitted must be compatible with the fund's programs' objectives and goals. All eligibility criteria and application conditions will be published on the Industry Support and Development Fund platform and Export House Company's website.


At the end of the meeting, a discussion was held where representatives of industrial companies' inquiries were answered.

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