Amman: Jordan’s food manufacturing and agriculture sector received the highest percentage of approximately 65% from financial and technical support programs provided by Jordanian Enterprise Development Corporation (JEDCO) during the year 2023, as 616 establishments benefited from the corporation’s micro, small and medium enterprises (MSME).
Receiving JEDCO assistance, this industry was followed by Jordan’s industrial sector with a rate of 24% for 222 establishments, then came the services sector with a 11% rate for 106 beneficiary businesses.
According to statistical data obtained by “Petra,” JEDCO provided direct financial and technical support to 944 Jordanian economic establishments in the Kingdom’s various governorates during the year 2023, out of 2,589 applications, compared to 636 beneficiary businesses during the year 2022, marking an increase of 48%, while goals of JEDCO’s strategic plan were completed by a 145% surge in the same year.
With the “largest” share of JEDCO’s support, a total of 557 wom
en received assistance in the same year, or 59%, compared to 387 male beneficiaries at 41%, the figures revealed.
JEDCO’s Board of Directors approved 8 financial and technical support programs during the year 2023 for rural development, export, capability-raising initiatives, intellectual property, and industrial modernization program, the data showed.
In an interview with “Petra,” JEDCO Executive Director, Abdel Fattah Kayed, said the corporation seeks to develop projects for Jordan’s private sector and provides technical and financial support as part of the development process that will be implemented by project owners, which include agricultural, service, tourism, industrial, and other projects, to compete in international markets, within JEDCO’s various programs.
Kayed pointed out that JEDCO “does not provide loans, but rather technical and advisory grants and support for projects, and does not enter into partnerships,” aimed to increase national income and growth of the national economy in various sec
tors.
Source: Jordan News Agency
