Alrai ــــ The Jordan Enterprise Development Corporation (JEDCO) yesterday launched two programs to support industrial and service companies for export to provide technical and financial support to small and medium-sized target companies in order to increase their administrative and production capacities and to maximize exports of the industrial and domestic services sectors in the presence of representatives from the public and private sectors.

The program aims at supporting small, medium and medium sized companies that have been able to export in the last three years and are working in the engineering, architectural and IT sector with a value of half a million dinars. The "Supporting Industrial Companies for Export" program targets small and medium-sized industrial companies with export readiness. Priority will be given to companies targeting non-traditional markets (non-neighboring markets and new markets) worth JD1 million.

The Minister of Industry, Trade and Supply Dr. Tarek Al-Hammouri said in a speech at the launch ceremony that the two programs are considered two pioneering government projects to support the exports of industrial and service companies. He called for focusing on products with high added value in light of the difficult competition, pointing out that the two programs aim at qualifying 40 industrial and service companies Increase their exports and overcome their obstacles and export access to new export markets.

He explained that after the initial evaluation will be contacted four funds and the financing with them on the mechanism of financing for these companies.

In his turn, the Executive Director of the Jordan Enterprise Development Corporation, Dr. Bashar Al-Zu'bi, said that the support program for service companies aims at contributing to the increase and diversification of exports of the target sectors and to enhance the position of the Jordanian service product in the international markets, improve the productivity and competitiveness of companies for export, Through specialized training courses.

It also aims to prepare the strategic and operational plans of the target companies to increase their export sales and activate the role of the private sector as a major driver in the comprehensive development process, solving the problem of unemployment and providing new job opportunities, as well as improving sustainability and growth opportunities for service companies.

The objectives of the program of supporting industrial companies for export are to contribute to the increase and diversification of exports of the Jordanian industrial sector, to encourage national industries and increase their competitiveness, to encourage and strengthen networking and linkages between local exporting and supporting companies to enhance the competitiveness of Jordanian products in international markets and to maximize value added and value chains. Opening up new markets and increasing exports to current markets.

Al-Zu'bi pointed out that the desired results of the program of supporting the service companies for export is to provide technical and financial support to 20 service companies operating within the targeted sectors, enhancing confidence in the Jordanian service product internally and externally, in addition to penetrating and exporting services to a number of new markets, From sectoral missions B 2 B and networking with export support agencies.

It is also expected to increase the value added of the products and services of the beneficiary companies, increase their export sales and the number of jobs created by at least 80 jobs.

With regard to the expected results of the program to support industrial companies for export, Dr. Zu'bi pointed out that it is to provide technical and financial support to 20 industrial companies, and contribute to alleviate the deficit in the balance of trade and help Jordanian companies to access international markets and help them to raise the technological level of production lines and build The commercial reputation of Jordanian products in the international markets, contributing to the creation of job opportunities for Jordanians and alleviating the unemployment rate.

×